Will Backpack launch a token by December 31, 2026?

This contract has resolved YES. Backpack Exchange conducted its Token Generation Event on March 23, 2026, when the Backpack token ($BP) officially entered circulation. At TGE, 25% of the total one billion token supply became available and was distributed entirely to users — points holders and Mad Lads NFT holders — with no direct allocations to founders, employees, or venture investors. That structure and the on-chain issuance satisfy the market's definition of an official token launch well ahead of the December 31 deadline. Markets now price this contract at effectively 100% YES, reflecting a completed event rather than a forward-looking probability. The analytical interest has shifted entirely to the related FDV-band markets that reference the actual TGE and subsequent $BP trading data.