The remaining tokens are subject to long-term lockups tied to company milestones and a potential IPO. Backpack launched its BP token on Solana with 25% of the 1 billion supply distributed to users via an airdrop, with no allocation to insiders at inception. The remaining tokens are subject to long-term lockups tied to company milestones and a potential IPO, with a provision allowing long-term stakers to convert tokens into equity. Backpack Exchange, a Solana-based cryptocurrency trading platfor…
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