According to the source, Backpack has announced plans for a new token that will allow users to earn equity in its exchange. This initiative could transform users into partial owners, potentially reshaping the dynamics of user engagement and participation in the platform. The announcement highlights a growing trend in the crypto space where tokens are used to distribute ownership and incentivize active community involvement.

According to the source, crypto exchange Backpack has announced plans to offer company equity to users who stake their tokens on the platform. This innovative approach aims to incentivize participation and create stronger alignment between the platform and its community. The move could potentially attract more investors and enhance the utility of the staking model within the crypto ecosystem.

According to Eric Balchunas, passive funds have reached $16 trillion in assets, constituting 52.6% of the total fund market after gaining a 2% share in the past year. Passive equity funds hold a 63% share, whereas passive bonds account for 37%. The total fund market controls 26% of the stock market.