Backpack $BP token TGE details

Backpack confirmed the $BP ticker and said the token launched on Solana at the Token Generation Event on March 23, 2026, listing the official contract address as BPxxfRCXkUVhig4HS1Lh7kZqV6SPJhzfEk4x6fVBjPCy. (learn.backpack.exchange/blog/backpack-token-ticker-bp) Backpack’s published tokenomics show a 1 billion max supply with 25% unlocked at TGE — equal to 250 million tokens — allocated to community recipients. (www.kucoin.com/news/flash/backpack-launches-bp-token-tge-amid-bear-market) The TGE allocation breakdown cited by Backpack is 24% to Points-program participants and 1% to Mad Lads NFT holders, with Mad Lads reportedly receiving automatic allocations. (learn.backpack.exchange/blog/backpack-token-ticker-bp) Backpack’s documentation says users who stake $BP for at least one year can convert staked tokens into Backpack company equity — the program can represent up to 20% of the company in aggregate. (learn.backpack.exchange/blog/backpack-token-ticker-bp) Company and market disclosures state founder and investor allocations are locked until an IPO, and reporting notes Backpack raised about $170 million in a Series A at a reported $1.2 billion valuation amid discussions of larger pre-IPO raises. (www.kucoin.com/news/flash/backpack-launches-bp-token-tge-amid-bear-market) Market trackers show a circulating supply figure of 250,000,000 BP and list a max supply of 1,000,000,000, with CoinGecko publishing current market-cap and FDV metrics for BP alongside live price feeds. (www.coingecko.com/en/coins/backpack) CryptoParsel posted an eligibility update thread covering Backpack alongside Perle Labs and Grass as part of the ongoing Solana-era airdrop wave. (x.com/i/status/2036107583833141379)