Summary
- Plasma announced that it raised a total of $337 million through the XPL token sale.
- The token sale lasted for 10 days and reportedly exceeded the target amount of $50 million by 7 times.
- 10% of the total planned supply of XPL tokens was said to have been sold to early investors.
According to The Block, a cryptocurrency-focused media outlet, on the 28th (local time), Bitfinex-backed Layer 1 blockchain project Plasma has raised a total of $337 million through its recent XPL token sale.
The token sale lasted for 10 days and exceeded the original target of $50 million by more than 7 times. Of the planned 1 billion XPL total supply, 10% was sold to early participants.
Plasma is a Layer 1 network supporting fee-free transfers of Tether (USDT), aiming to build infrastructure focused on efficiency and scalability.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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