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WE-Launch
Backpack CEO: Coin Issuance Progressing Rapidly
BlockBeats News, July 13th. In response to community KOL @hebi555's post regarding "The time for BP to issue coins may take a long time, so everyone be prepared for a marathon," Backpack CEO Armani Ferrante replied, stating, "It's an exaggeration. Our progress is very fast, even faster than you imagine."
Previously, Armani Ferrante had stated, "I can't give an exact answer. Based on other successful token programs, it could be up to a year at most (we have 10 weeks per quarter). We will flexibly adjust based on regulatory progress. It may be shorter or slightly longer, but I expect it not to exceed a year. However, I don't want to make any guarantees because these processes are both lengthy and complex, involving many different parties."
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