Backpack founder outlines extreme tokenomics with no insider allocation

Armani Ferrante says founders, executives and investors get zero tokens, and he is taking aim at token warrants along the way Backpack founder and CEO Armani Ferrante has a pitch most crypto founders would never make: the team gets no tokens. Not a reduced share. Not a long vesting schedule. None. Ferrante calls the exchange’s tokenomics the most extreme ever. He also criticized the token warrants that usually hand founders and investors a large slice of supply. Backpack disclosed the framework on February 9, 2026. The token has a total supply of 1 billion.