Backpack CEO Armani Ferrante Amplifies Post About Tokenomics Plan

Backpack CEO Armani Ferrante amplified a social media post about the company’s tokenomics, an issue tied to its one billion token supply and initial allocation of 250 million tokens. The token generation event allocation included 240 million tokens for Backpack Points participants and 10 million for Mad Lads holders. The broader plan also includes distributions to users, milestone-based releases and a company treasury. The company’s previously detailed token plan also appeared in coverage of Ferrante’s statement that Backpack had never sold a token warrant. John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.