Backpack CEO Armani Ferrante clarified that all team tokens are securely stored in the company's treasury and will not be released until key product growth milestones are met. The firm plans to gradually expand its compliant regional markets with a focus on global banking and financial products, targeting both retail and institutional users. Token distribution will prioritize user growth and ecosystem expansion, linking releases to product launches and market entries, while team incentives rely mainly on company equity with tokens locked for at least one year after IPO.
