Binance has confirmed the distribution of 100,000,000 XPL (1% of total supply) to eligible users of the Plasma USDT Locked Product under Binance Earn’s On-Chain Yields. Rewards are calculated from daily snapshots taken between Aug. 20 – Sept. 24, 2025, and will be airdropped to Spot Accounts starting Sept. 25, 2025.
Key Details
Total Rewards: 100,000,000 XPL (1% of genesis supply)
Snapshot Period: Aug. 20 – Sept. 24, 2025 (36 days)
Reward Calculation:
Based on user’s average daily USDT holdings in the Plasma USDT Locked Product
Compared proportionally against the total subscription pool
Accrual starts one day after subscription and ends the day after redemption
Distribution Date: From Sept. 25, 2025
Claiming: Automatic airdrop to Spot Accounts (check via Assets > Overview > History > Distribution)
For USDT Subscribers
Continuing Subscribers: Existing subscriptions will be automatically upgraded (upgrade details to follow).
Redeeming Users: Early redemption does not affect accrued rewards.
Users will receive their full USDT balance plus calculated XPL rewards.
Funds are returned to Spot Accounts within 3 days of redemption.
About Plasma (XPL)
Chain Type: Layer-1, EVM-compatible blockchain for stablecoin payments
Genesis Supply: 10,000,000,000 XPL
Circulating Supply at Listing: 1.8B XPL (18% of total)
Spot Trading on Binance: Starts Sept. 25, 2025, 13:00 UTC
Important Notes
Rewards are retroactive—no action required if you subscribed during the eligibility period.
On-Chain Yields involves risk (protocol failure, smart contract issues, volatility). Binance does not guarantee principal or returns.
Listings & Earn products are independent. Participation in On-Chain Yields does not imply token listing, and vice versa.
MiCA compliance: Unauthorized stablecoins remain restricted for EEA users.
