logo

Plasma: The XPL public sale will start on July 17, with deposits and withdrawals being locked on July 14.

By: theblockbeats.news|2025/07/10 15:54:01

BlockBeats News, July 10th, the stablecoin project Plasma officially announced that the XPL public sale will start on July 17th, and deposits and withdrawals will be locked on July 14th (72 hours before the sale). This is the final withdrawal opportunity for users, and the reserve deposits cannot be used for this round of sale. After the sale ends, all deposits will remain locked for at least 40 days.


The stablecoin project Plasma previously stated that the $1 billion raised in deposits is not for the XPL sale itself, and the public sale of XPL has not yet begun. All funds will be bridged to the Plasma mainnet testnet and fully owned by depositors. Depositors will participate in the sale based on the final unit ownership at the time of the lock. The public sale terms remain unchanged: 50 million XPL tokens will be sold, with a fully diluted valuation of $5 billion.


Plasma previously received a strategic investment from Founders Fund under Peter Thiel and announced in February of this year that it had completed a $24 million funding round ($20 million Series A and $4 million seed round), led by Framework Ventures, with participation from the cryptocurrency exchange Bitfinex, venture capitalist Peter Thiel, and Tether CEO Paolo Ardoino.

Ethena Labs: Coinbase International Station becomes USDe underlying asset hedging platform
An address withdrew 72,050 ETH from a CEX around 22 hours ago, totaling $200 million in value.

You may also like

Share
copy

Gainers

Latest Crypto News

11:15

If Ethereum breaks above $3100, the mainstream CEX cumulative short liquidation pressure will reach $9.05 billion.

10:45

Data Center Overheating Causes Nasdaq to Halt Trading for Over 10 Hours, Backup Data Center Not Deployed

09:45

Alliance DAO Genesis: Does not believe that L1 tokens are always a bad investment, nor will it short them

09:15

As the U.S. Struggles to Mediate, Russia and Ukraine Launch Attacks on Each Other

08:45

A certain "Flash Loan Attack Whale" address has accumulated 7066 ETH in the past 5 days through a "Rug Pull Contract Buy Spot" strategy.

Read more
Community
icon
icon
icon
icon
icon
icon
icon
icon

Customer Support@weikecs

Business Cooperation@weikecs

Quant Trading & MM[email protected]

VIP Services[email protected]