Backpack Prepares for TGE

The project, which began attracting attention back in 2024, is finally on the home stretch toward its Token Generation Event. According to a recent announcement by Backpack CEO Armani Ferrante in Discord, the TGE will take place in the coming weeks, promising to be one of the fairest token distributions in the industry.

Key Details of the Announcement

This announcement underscores Backpack's dedication to transparency and user-centric principles, setting it apart from many other projects in the crypto space. By prioritizing community members and implementing strict measures against abuse, the team is fostering trust and ensuring long-term sustainability.

• The team has begun searching for multi-accounts (sybils) to ensure fair distribution. All confiscated points will be redistributed among legitimate users. This step is aimed at protecting against farming and manipulations.
• In the next 4-6 weeks, final tests of the vault (storage) will take place. This is a critical stage for ensuring the platform's security and stability.
• The token generation event itself is scheduled immediately after the successful completion of testing. Users are eagerly awaiting this moment, as tokens will be distributed exclusively among active ecosystem participants.
• Unlike many projects, Backpack has no agreements with venture funds or market-makers. All tokens will go to users, including holders of Mad Lads NFTs and those who farmed points. This emphasizes a decentralized approach: "Perfectly Balanced," as noted by one enthusiast on X.
• There will be no additional seasons for accumulating points. This means that current points are all that can be counted on.
• Details about tokenomics (distribution, supply, etc.) will be published later, closer to the TGE.

Backpack, founded by Armani Ferrante (co-founder of Coral, creators of Mad Lads), has already established itself as a reliable platform for trading and storing assets on Solana, Ethereum, and BTC. The exchange recently launched a closed beta test of prediction markets with cross-margin, allowing bets on crypto and financial events, adding to its appeal. In December 2025, they listed STABLE on their platform right at the token's TGE, demonstrating efficiency.

Community Reaction

On X, the news has sparked excitement. Users are sharing expectations for the airdrop: one plans to invest 20% of their portfolio in the Backpack token at TGE, confident in the team's strength.

Others include Backpack in lists of top upcoming TGEs alongside $BIRB, $INX, and $MEGA, forecasting growth in February-March 2026. Enthusiasts note that the absence of VC investors makes the project an "s-tier" exchange post-launch. Backpack has already surpassed $1B in daily trading volume and partnered with Banxa for on-ramp in 130+ countries. Amid the current market lull, the launch in early 2026 could become a catalyst for growth, as analysts point out.