Crypto: Backpack Pledges 20% Equity To Token Stakers Amid Ipo Plans 2026

The equity offering builds on Backpack’s token announcement earlier this month, in which the first 62.5% of tokens will be distributed to users.

Crypto trading platform Backpack Exchange on Monday announced that stakers of its forthcoming Backpack token will be able to earn equity in the exchange, as the company moves toward a potential initial public offering.

“Users that stake the Backpack token for at least a year will have the opportunity to exchange those tokens for equity at a fixed ratio — 20% of the company today,” said Backpack CEO and founder Armani Ferrante in a post to X on Monday.

20% of Backpack equity given to users who stake for a year.Don't just use the next big thing.Own it. 🎒 pic.twitter.com/whdGUQ0XyH

Speaking about the equity offering, Ferrante said many past token launches were built on “false promises” of utility — a pitfall he wanted to avoid. Instead, he said he wanted to offer users an alternative token structure showing long-term commitment.

Backpack’s offer would anchor the token’s value to company equity.

Backpack first announced its plan to launch the Backpack token in a post on X earlier this month.

The tokens are intended to be unlocked in stages as the company moves toward a potential US IPO.

Backpack said 25% of the 1 million-token supply will be unlocked at the Token Generation Event, with the remaining 37.5% released before the IPO, provided Backpack reaches certain milestones, such as regulatory approvals and the launch of new products.

The first 62.5% of Backpack tokens will be distributed entirely to users, while the remaining tokens will be unlocked post-IPO for Backpack’s team members and investors.

Source: CoinTelegraph