Crypto Exchange Backpack Plans to Offer Company Equity to Token Stakers
Decrypt
by André BeganskiFebruary 23, 2026
AI-Generated Deep Dive Summary
Crypto exchange Backpack is planning to introduce a novel token model that allows users to earn equity in the platform by staking its yet-to-be-released token. This initiative aims to address common issues with existing token launches, where tokens often fail to deliver on promises and lack alignment between user incentives and company growth. By offering equity stakes tied to long-term staking commitments, Backpack seeks to create a more sustainable model for token utility.
The exchange’s CEO, Armani Ferrante, revealed that users who stake the token for at least one year will be able to convert their holdings into Backpack equity at a fixed ratio. The company has allocated 20% of its total equity for this purpose. This approach is designed to improve upon traditional token models, which often fail to deliver lasting value and lack mechanisms for true decentralization.
Backpack’s token distribution model includes several tiers. At launch, 25% of the token supply will be available to eligible users, including those who participated in early points campaigns or own NFTs from Backpack’s Mad Lads collection. Additional distributions are tied to future milestones, such as regulatory approvals and potential public offerings.
The initiative reflects a broader shift in how crypto companies approach tokenomics amid a more favorable regulatory environment. Unlike past iterations, where tokens were often treated as securities, Backpack is experimenting with innovative structures that align user incentives with company success. This could set a new standard for token launches in the industry.
For readers interested in crypto and decentralized finance (DeFi), this announcement highlights the potential for more equitable and sustainable growth models. By offering real equity stakes to users, Backpack aims to create a stronger connection between token utility and long-term value creation. This approach not only addresses historical shortcomings of token projects but also positions the exchange as a leader in redefining crypto’s future.
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Originally published on Decrypt on 2/23/2026