Binance expanded the registration limit for the USDT Plasma product from 250 million to 1 billion USDT after the first round was fully subscribed in 1 hour.
The USDT Plasma product allows users to receive XPL rewards with a flexible adjustment rate based on the total registration value. Subsequent registration rounds will open in parts after August 22, with daily USDT rewards remaining unchanged even with early withdrawals.
MAIN CONTENT
The first round of the USDT Plasma with 250 million USDT was fully subscribed in just 1 hour.
The total registration limit for the product has been raised to 1 billion USDT over multiple rounds.
The XPL rewards adjust according to the total registration, while the daily USDT rewards are not affected by early withdrawals.
How has Binance expanded the registration limit for the USDT Plasma product?
Binance has increased the registration limit for the USDT Plasma product to 1 billion USDT after 250 million USDT in the first round was fully subscribed in just 1 hour. This shows a strong attraction to users and high investment demand for the product.
The expansion of the registration limit divided into multiple rounds aims to facilitate easier access for participants and more flexibility in registration. The schedule for subsequent rounds will be announced gradually to ensure sufficient resources for managing and distributing rewards accurately.
How are XPL and USDT rewards distributed for this product?
The XPL rewards will be flexibly adjusted based on the total registration scale of the community, to balance the benefits among participating users. Meanwhile, the daily USDT rewards for each individual will remain unchanged, unaffected when users withdraw early.
Adjusting the XPL rewards will help maintain fairness and encourage long-term participation of users in the USDT Plasma product.
Binance representative, August 2024
This allocation ensures stable benefits for investors, limiting the risk of reduced income despite changes in the registration scale. At the same time, users can flexibly manage their capital flow without worrying about losing accumulated rewards.
How do the subsequent registration rounds for USDT Plasma take place?
The second registration round with a limit of 250 million USDT will open on August 22, followed by other additional rounds to be announced in stages. Each round is split to ensure the registration process and reward distribution are managed effectively.
The strategy of opening registration in batches helps Binance closely monitor market developments and provide timely feedback to adjust rewards accordingly, supporting users to participate in the product safely and sustainably.
Frequently Asked Questions
What is the USDT Plasma product?
This is Binance's USDT locking product that allows users to receive XPL and USDT rewards with a flexible registration limit for each round.
How to register for the USDT Plasma product?
Users register directly on the Binance platform during the registration rounds announced.
Will the rewards be affected by early withdrawals?
The daily USDT rewards do not change even if users withdraw funds before maturity; the XPL rewards are adjusted based on total registration.
Why does Binance split the registration limit into multiple rounds?
To better manage the registration process, control rewards, and reduce risks for users.
How are XPL rewards distributed?
The XPL rewards are flexibly adjusted based on the total registration value to ensure fairness for participants.
Source: https://tintucbitcoin.com/usdt-plasma-binance-tang-han-muc-1-ty/
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