Backpack will allocate 20% of the company's equity to users who choose to stake for one year.

On February 23, Backpack CEO Armani Ferrante announced, “Users who stake Backpack tokens for at least one year will have the opportunity to exchange their held tokens for company equity at a fixed ratio—equivalent to 20% of the current company’s shares. We will also introduce more practical features and will gradually share them over the coming weeks, months, and even a year. As the Backpack community continues to grow, we will progressively promote the decentralization of the token and continuously introduce new rights arrangements—some of which will be in a centralized form (such as our equity exchange program), while others will become more decentralized as the product evolves. In the long term, I hope the value represented by this token can surpass what any single company can offer; but in the short term, this is the best way we can currently demonstrate our long-term commitment to users.”