PANews reported on February 9th that cryptocurrency exchange Backpack announced its token economics (TGE) allocation plan. The total supply is 1 billion TGE tokens, with 250 million released on the first day. Of these, 24% (240 million) will be allocated to token holders, and 1% (10 million) will be allocated to Mad Lads NFT holders. 37.5% (625 million) of the pre-IPO supply will unlock as growth milestones are triggered. After the IPO, 37.5% (375 million) will go into the company vault and be fully locked one year after the IPO.