Backpack founder outlines extreme tokenomics with no insider allocation
Photo: Crypto Briefing
Armani Ferrante says founders, executives and investors get zero tokens, and he is taking aim at token warrants along the way Backpack founder and CEO Armani Ferrante has a pitch most crypto founders would never make: the team gets no tokens. Not a reduced share. Not a long vesting schedule. None. Ferrante calls the exchange’s tokenomics the most extreme ever. He also criticized the token warrants that usually hand founders and investors a large slice of supply. Backpack disclosed the framework on February 9, 2026. The token has a total supply of 1 billion.
Source: Crypto Briefing
