The token structure is designed to prevent insiders from profiting ahead of users Crypto exchange Backpack says it plans to introduce a new token with a total supply of 1 billion, tying its release schedule to the company’s long-term goal of going public in the United States. The announcement was shared yesterday on X and
The move comes amid a major expansion of the prediction markets industry Backpack, a crypto exchange founded by former Alameda Research and FTX employees, is developing its own prediction market platform. The company has begun invite-only testing of a new product designed to let users trade predictions alongside other crypto positions within a single account.
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