Backpack Exchange Offers 20% Equity to Long-Term Token Stakers

Backpack, the Solana-native exchange and wallet provider, has announced a landmark program allowing token holders to exchange their assets for company equity.

CEO Armani Ferrante revealed the initiative ahead of a planned U.S. Initial Public Offering, marking a significant shift toward true community ownership in Web3.

Key Takeaways

• Stakers who commit Backpack tokens for 12 months can access a pool representing 20% of company equity.

• The program allows users to swap locked $BPACK tokens for actual shares at a fixed ratio upon IPO.

• 62.5% of the total 1 billion token supply is allocated to the community, including Mad Lads NFT holders.

Trade with confidence. Bitrue is a secure and trusted crypto trading platform for buying, selling, and trading Bitcoin and altcoins. Register Now to Claim Your Prize! 

Backpack Token Stake: Mechanics of the Token-to-Equity Swap

The core of the Backpack equity offer requires users to lock their $BPACK tokens for a minimum duration of one year post-TGE.

This staking commitment serves as a bridge, allowing participants to move from digital asset speculation to becoming formal shareholders in the parent company.

While specific legal structures for various jurisdictions are still being finalized, the equity pool is fixed at 20% of the company's total valuation.

The team has confirmed that while insiders will hold traditional shares, the treasury will manage remaining tokens to ensure long-term ecosystem stability.

Read more: Backpack 2026 Airdrop Guide Points Program Epilogue Redistribution and TGE Allocation

Strategic Vision and IPO Roadmap

Ferrante positions this move as "real ownership," aiming to provide value that exceeds the standard fee discounts offered by traditional exchange tokens.

By aligning token stakers with the success of a public listing, Backpack seeks to differentiate itself from competitors through a transparent "graduation" to equity.

The exchange recently secured 50 million dollars in funding at a 1 billion dollar valuation, providing the financial foundation for its aggressive expansion.

This model is designed to foster a loyal user base that benefits directly from the platform’s business growth and eventual entry into the public markets.

Participation and Tokenomics Distribution

The total supply of Backpack tokens is capped at 1 billion, with 25% of the supply set to unlock at the Token Generation Event.

Early adopters, including those with high loyalty points and Mad Lads NFT holders, are prioritized in the initial distribution phases.

To participate in the equity program, users must access the staking portal via the Backpack platform and agree to the 12-month lock-up period.

Investors should remain aware of potential regulatory hurdles, as the conversion of tokens to equity remains subject to evolving securities laws in the United States and elsewhere.

Conclusion

Backpack’s equity-sharing model represents a bold experiment in merging decentralized finance with traditional corporate structures.

By offering a 20% stake to long-term holders, the platform creates a powerful incentive for community members to support its path toward an IPO.

This initiative sets a new precedent for how crypto exchanges can reward their users beyond short-term price appreciation or trading rebates.

As the TGE approaches, the success of this program will likely depend on the clarity of its legal framework and the continued growth of the Solana ecosystem.

FAQ

How do I qualify for the Backpack equity offer?

You must stake your Backpack tokens on the official platform for a minimum of 12 months to be eligible for the equity swap.

What percentage of the company is being offered to stakers?

A total pool of 20% of the company's equity has been allocated for the token-to-equity exchange program.

Can Mad Lads NFT holders participate in the airdrop?

Yes, Mad Lads NFT holders are a core part of the 62.5% community allocation and are eligible for token rewards.

When will the Backpack Token Generation Event (TGE) happen?

The specific TGE date is yet to be announced, but updates will be shared via Backpack’s official X account and learning portal.

Is the equity swap available to users in all countries?

The program is subject to jurisdiction-specific legal structures and regulatory approval, particularly regarding the planned U.S. IPO.

Disclaimer: The views expressed belong exclusively to the author and do not reflect the views of this platform. This platform and its affiliates disclaim any responsibility for the accuracy or suitability of the information provided. It is for informational purposes only and not intended as financial or investment advice.