Yes

>>Backpack token stakers can access a groundbreaking equity swap option for company ownership.

Backpack token stakers can access a groundbreaking equity swap option for company ownership.

crypthub

about 3 hours ago

Equity Swap & Tokenomics

Backpack Exchange lets users who stake its token for 12 months trade them for company shares. The swap uses a fixed ratio and is capped at 20% of total equity. At launch, 25% of tokens are released: 24% to point holders and 1% to NFT holders. This structure aligns token holders with shareholders while limiting dilution.

Regulatory Considerations

Converting staked tokens to equity may invoke securities laws in multiple regions. Backpack may apply geographic limits or accredited‑investor exemptions to comply. Navigating SEC rulings and foreign frameworks will be key to launch.

Market & Technical Impact

The one‑year lock‑up encourages long‑term commitment and could spur competitors to copy the model. Implementing the swap requires secure staking records, smart‑contract automation, and integration with equity registries. Multi‑signature controls and audits are planned to protect token and share ownership.