
PANews|Jun 12, 2025 02:33
Plasma: XPL tokens worth $50 million will be sold at a fully diluted valuation of $500 million
The stablecoin project Plasma has announced an emergency temporary announcement at 8:00 am today and will reopen the deposit limit at 9:00 am to reduce the number of bots and snipers and create space for real participants.
The raising of $1 billion in deposits is not solely due to the sale of XPL itself. The public sale of XPL has not yet begun, and all funds will be bridged to the Plasma mainnet test network and fully owned by the depositors, who will participate in the sale based on their ultimate unit ownership at the time of locking. The terms of the public sale remain unchanged: tokens worth $50 million will be sold at a fully diluted valuation of $500 million.
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