#Backpack reveals its complete token allocation: 25% (250M tokens) will be unlocked at TGE, including 24% for the Points airdrop (240M) and 1% for #MadLads (10M). 37.5% (625M) is reserved for the pre-IPO phase and be unlocked upon hitting growth milestones, while the remaining 37.5% (375M) is allocated post-IPO to the company treasury and will remain fully locked for one year as a long-term strategic digital asset.
Backpack is an open-source crypto wallet and exchange platform that offers a robust, user-friendly platform for seamlessly trading, managing, and securing cryptocurrency assets.
During the Pre-TGE Campaign, users can subscribe to Espresso’s token, $ESP, exclusively via #BinanceWallet . The Pre-TGE event will be launched on February 10th at 12:00 UTC and will last 2 hours. Pre-TGE details and the Event Portal will be released soon.
#Espresso builds infrastructure that supports cross-chain composability, powering user and developer experiences that make all chains work together like one.
ARK sells $22M in Coinbase shares, adds Bullish stake
#ARKInvest sold about $22 million worth of #Coinbase shares across three #ETFs , extending its recent selling of the crypto exchange’s stock. At the same time, the firm increased its position in digital asset platform #Bullish with purchases totaling roughly $10.7 million.
The moves come as Coinbase shares remain down year-to-date despite a recent daily rebound, while Bullish stock is also lower for the year following reported quarterly losses.
Coinbase adopts Sui token standard in new partnership
#Coinbase has partnered with the #Sui ecosystem and will adopt the $SUI token standard. The integration is intended to support the use of Sui-based tokens across Coinbase’s services, making it easier for institutions, developers, and users to access and interact with assets on the Sui network.