PANews reported on July 17 that the stablecoin Layer2 network Plasma has officially announced the public sale of its token XPL, which will continue until 9:00 AM Eastern Time on July 28. In addition, the token economic model of XPL has also been announced, with a total supply of 10 billion tokens, the specific distribution plan is as follows:
Public sale allocation 10%, XPL for non-U.S. buyers will be fully unlocked upon the launch of the Plasma public mainnet test version; XPL for U.S. buyers must be locked for 12 months and will be fully unlocked on July 28, 2026.
Ecosystem and growth distribution 40%, of which 8% will be unlocked immediately upon the launch of the mainnet test version, and 32% will be unlocked monthly in proportion over the next three years after the launch of the mainnet test version.
Team allocation 25%, of which 1/3 will be unlocked one year after the public launch of the mainnet test version, and the remaining 2/3 will be unlocked monthly in proportion over the next two years.
Investor allocation 25%, with the unlocking schedule the same as that of the team.
