🚀Plasma launches phase 2 of the token sale - and reveals the XPL tokenomics

The public sale of Plasma is progressing: phase 1 is over and phase 2 has officially begun.

Deposits and withdrawals are now locked for at least 40 days, and KYC is closed.

🗓 Phase 3 (when you actually buy XPL) starts on July 17 at 1:00 PM UTC and ends on July 28 at 1:00 PM UTC.

Today, the team also released the complete tokenomics for $XPL - Plasma's native token for gas and validator rewards.

🔑 Key points:

⚪️Initial supply: 10B XPL, with inflation based on PoS

⚪️ Validator rewards start at 5% APY, decreasing by 0.5% per year until they reach 3%

⚪️Base fees will be burned (EIP-1559 model), keeping inflation under control

⚪️By 2028, the total supply is expected to reach just over 11B tokens

⚪️10% allocated to the public sale, fully unlocked at TGE (except U.S. citizens: one-year lock-up)

⚪️40% for ecosystem growth, with 8% unlocked at TGE for DeFi, liquidity, and campaigns

⚪️25% to the team, 25% to investors

💡 Reminder: The tokens you staked in phase 1 are locked - you will need new funds to claim your allocation.