Backpack CEO Armani Ferrante announced that token holders who stake their tokens for at least one year can exchange them for company equity, representing 20% of the company's current equity. This initiative aims to reward long-term commitment and will be accompanied by additional utility features to be revealed in the future. As Backpack's community expands, the company plans to decentralize its token further, blending centralized benefits like the equity exchange with more decentralized features over time.