Backpack: Tokenomics and TGE allocation

Backpack announced detailed tokenomics and TGE parameters.

25% of the supply will be in circulation at TGE and, per the team, all 25% will be community-owned.

Allocations: 24% to points farmers; 1% to MadLads NFT holders; 37.5% from the Before IPO bucket will be distributed upon meeting KPIs; the remaining 37.5% from the Post-IPO bucket will vest to the team and other participants one year after IPO.

The project is in the final stage of the Epilogue, which redistributes 40M points confiscated from sybils. That Epilogue season runs through February 25 and precedes the planned TGE.