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Plasma Debuts XPL at Massive Multiple of ICO Price—And Hands Out Millions in Free Tokens
Plasma launched its “mainnet beta,” rolled out its XPL token, and handed out tens of millions of dollars' worth of free XPL.
Plasma, a stablecoin-focused layer-1 blockchain, has hit "mainnet beta" with its XPL token debuting alongside it.XRP buyers from the initial coin offering earlier this year are up massively.Additionally, people who made deposits towards the pre-sale were handed free tokens, even if they didn't ultimately buy XPL.Stablecoin blockchain Plasma launched its mainnet in beta on Thursday, with its native XPL token going live alongside it. Investors who bought into Plasma’s massive initial coin offering, or ICO, earlier this year are up massively. And Plasma confirmed to Decrypt that every single participant in Plasma’s pre-deposit ICO scheme has been sent $8,390 worth of XPL—even if they didn’t actually buy tokens via the ICO.
Plasma’s XPL token peaked at $1.54 a piece shortly after its debut before dropping to $0.91 as of this writing, according to coin analysis. That puts Plasma’s native staking token at a $8.6 billion fully diluted valuation, which is a 17.3x jump from the $500 million valuation at which the ICO was raised.
XPL is currently the 89th largest cryptocurrency by market capitalization at $1.59 billion.
“This is the culmination of our team putting everything they had into making Plasma the perfect home for Money 2.0. The launch of our mainnet is just the beginning,” Paul Faecks, CEO and Founder, said on X.
This is the culmination of our team putting everything they had into making Plasma the perfect home for Money 2.0. The launch of our mainnet is just the beginning.
Plasma is a layer-1 blockchain built with stablecoin optimizations at the forefront of the project. It uses the XPL token to power its staking-based consensus mechanism. Plasma has attracted funding from the likes of Tether CEO Paolo Ardoino and PayPal co-founder Peter Thiel,
Plasma Debuts XPL at Massive Multiple of ICO Price—And Hands Out Millions in Free Tokens
Plasma launched its “mainnet beta,” rolled out its XPL token, and handed out tens of millions of dollars' worth of free XPL.
Plasma, a stablecoin-focused layer-1 blockchain, has hit "mainnet beta" with its XPL token debuting alongside it.XRP buyers from the initial coin offering earlier this year are up massively.Additionally, people who made deposits towards the pre-sale were handed free tokens, even if they didn't ultimately buy XPL.Stablecoin blockchain Plasma launched its mainnet in beta on Thursday, with its native XPL token going live alongside it. Investors who bought into Plasma’s massive initial coin offering, or ICO, earlier this year are up massively. And Plasma confirmed to Decrypt that every single participant in Plasma’s pre-deposit ICO scheme has been sent $8,390 worth of XPL—even if they didn’t actually buy tokens via the ICO.
Plasma’s XPL token peaked at $1.54 a piece shortly after its debut before dropping to $0.91 as of this writing, according to coin analysis. That puts Plasma’s native staking token at a $8.6 billion fully diluted valuation, which is a 17.3x jump from the $500 million valuation at which the ICO was raised.
XPL is currently the 89th largest cryptocurrency by market capitalization at $1.59 billion.
“This is the culmination of our team putting everything they had into making Plasma the perfect home for Money 2.0. The launch of our mainnet is just the beginning,” Paul Faecks, CEO and Founder, said on X.
This is the culmination of our team putting everything they had into making Plasma the perfect home for Money 2.0. The launch of our mainnet is just the beginning.
Plasma is a layer-1 blockchain built with stablecoin optimizations at the forefront of the project. It uses the XPL token to power its staking-based consensus mechanism. Plasma has attracted funding from the likes of Tether CEO Paolo Ardoino and PayPal co-founder Peter Thiel,
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