Summary
- 'Plasma' reportedly raised $500 million in its public token sale in just five minutes.
- This sale was conducted via the Sonar platform, and due to a surge in investor demand, the cap was raised from $250 million to $500 million.
- Plasma has already secured $27.5 million in strategic investment, with the investor list including the Tether CEO and Bybit.
The stablecoin project 'Plasma' raised $500 million in its public token sale in just 5 minutes.
This sale was conducted via the new public sale platform 'Sonar', operated by renowned cryptocurrency investor Jordan Fish. Plasma was selected as the first project on Sonar, which launched on May 27.
The initial sale cap for Plasma was set at $250 million, but due to a surge in investment demand over the past two weeks, it was raised to $500 million. The sale was carried out using a reservation system rather than real-time token allocation, and token buyers are subject to different lockup periods depending on their country.
Meanwhile, Plasma has already attracted a total of $27.5 million in strategic investments. The list of investors includes Paolo Ardoino, CEO of Tether, and the global cryptocurrency exchange Bybit.
Doohyun Hwang
cow5361@bloomingbit.ioKEEP CALM AND HODL🍀
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