Backpack targets March 23 for TGE

Cryptocurrency exchange Backpack announced on its official X account that it is targeting March 23 for its Token Generation Event (TGE). The exchange had previously urged airdrop recipients to re-register by 12:00 a.m. UTC on March 15. Backpack recently unveiled its TGE plan and tokenomics, stating that 25% of the total supply will be unlocked at the event. This initial unlock will allocate 24% to points holders and 1% to NFT holders.