Backpack Announces TGE (initial token issuance) Tokenomics (token supply and distribution): 1B Supply, 25% at Launch
According to the announcement, 240M tokens go to points holders and 10M to Mad Lads NFT (unique digital collectible) holders within the launch allocation.
Summary
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Terms & Concepts
TGE (token generation event): The moment a project creates and releases its tokens, often paired with initial distribution.
Tokenomics: The economic design of a token, including supply, allocations, vesting, and incentives.
NFT (non-fungible token): A unique digital asset recorded on a blockchain, commonly used for collectibles and art.