Plasma to launch its own token on the 25th… 25,000,000 tokens distributed

JOON HYOUNG LEE

Summary

Plasma announced it will launch its own token XPL on the 25th and unveil a mainnet beta version.
In addition to the public sale, an additional 25,000,000 tokens will be distributed to small depositors.
Plasma raised $370,000,000 through a token public sale and said that on the first day of the mainnet beta launch $2,000,000,000 worth of stablecoins will be activated.

Plasma, a blockchain dedicated to stablecoins, will hold a token generation event (TGE) on the 25th.

Plasma said on the 18th (local time) that it will launch its own token Plasma (XPL) on the 25th of this month. The Plasma mainnet beta version will also be launched on the same day. Plasma said "(token) supply 10% was sold to community members through a public sale" and "with the mainnet beta launch, an additional 25,000,000 tokens will be distributed for small depositors."

Plasma is a layer-1 blockchain project optimized for Tether (USDT). Earlier, Plasma raised $370,000,000 (about 510 billion won) in July through a token public sale. A Plasma representative said, "Plasma is building a new global financial system for everyone," and explained, "On the first day of the (mainnet beta) launch, $2,000,000,000 worth of stablecoins will be activated."

XPL