Backpack to grant 20% equity to one‑year token stakers; announced Feb. 23, 2026

On Feb. 23, 2026, Backpack Exchange said users who stake its forthcoming token for at least one year will be able to swap those tokens for company equity equal to 20%. The firm detailed a 1 million‑token plan with 25% to unlock at TGE and another 37.5% before a potential U.S. IPO if milestones are achieved.