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Home BlockchainCrypto Exchange Backpack Plans to Offer Company Equity to Token Stakers
Blockchain

Crypto Exchange Backpack Plans to Offer Company Equity to Token Stakers

by Decrypt
written by Decrypt 0 comments
Crypto Exchange Backpack Plans to Offer Company Equity to Token Stakers

In brief

  • Staking Backpack’s upcoming token will let users earn equity in the crypto exchange.
  • The arrangement is aimed at improving on existing models for token debuts.
  • The exchange is in discussions to raise funds at a $1 billion valuation, per a recent report.

Backpack signaled on Monday that its yet-to-be-released token will allow people to earn equity in the exchange, potentially turning users into owners amid its U.S. expansion.

Those that stake the company’s token for at least a year will have…

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