Backpack has just announced something we’ve literally never seen before in crypto.

They are giving away 20% of the company’s real equity actual shares of the company, not tokens to users who stake $BP for at least 1 year.

Why this is insane:

> The team is voluntarily walking away from the chance to sell 20% of the company to VCs.

> Instead, they’re handing that ownership directly to the community.

Their tokenomics shows extremely strong alignment between the team and the community:

> At TGE: 25% unlock → 100% goes to the community (24% real trader airdrop + 1% Mad Lads). Team gets zero.

> 37.5% unlocked only when major milestones are hit.

> Final 37.5% only unlocks after successful IPO + 1 year lockup.

In short: If Backpack fails to IPO, the team basically gets nothing.

SOL

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+7.87%