According to PANews on July 17, the stablecoin Layer2 network Plasma officially announced that the public sale of its token XPL has started and will last until 9:00 a.m. ESTAccording to PANews on July 17, the stablecoin Layer2 network Plasma officially announced that the public sale of its token XPL has started and will last until 9:00 a.m. EST
Plasma officially launches XPL public sale, token economic model announced
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According to PANews on July 17, the stablecoin Layer2 network Plasma officially announced that the public sale of its token XPL has started and will last until 9:00 a.m. EST on July 28. In addition, the token economic model of XPL has also been announced, with a total supply of 10 billion tokens. The specific distribution plan is as follows:
- 10% will be allocated for the public sale. XPL for non-US buyers will be fully unlocked when the Plasma public mainnet beta is launched; XPL for US buyers will be locked for 12 months and will be fully unlocked on July 28, 2026.
- 40% is allocated to the ecosystem and growth, of which 8% will be unlocked immediately upon the launch of the mainnet beta, and 32% will be unlocked monthly in proportion over the three years after the launch of the mainnet beta.
- The team is allocated 25%, of which 1/3 will be unlocked one year after the public launch of the mainnet beta version, and the remaining 2/3 will be unlocked monthly in proportion over the next two years.
- Investors are allocated 25%, and the unlocking schedule is the same as the team.
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