Plasma: The XPL public sale will start on July 17, with deposits and withdrawals being locked on July 14.

By: theblockbeats.news|2025/07/10 23:54:01
0
Share
copy

BlockBeats News, July 10th, the stablecoin project Plasma officially announced that the XPL public sale will start on July 17th, and deposits and withdrawals will be locked on July 14th (72 hours before the sale). This is the final withdrawal opportunity for users, and the reserve deposits cannot be used for this round of sale. After the sale ends, all deposits will remain locked for at least 40 days.

The stablecoin project Plasma previously stated that the $1 billion raised in deposits is not for the XPL sale itself, and the public sale of XPL has not yet begun. All funds will be bridged to the Plasma mainnet testnet and fully owned by depositors. Depositors will participate in the sale based on the final unit ownership at the time of the lock. The public sale terms remain unchanged: 50 million XPL tokens will be sold, with a fully diluted valuation of $5 billion.

Plasma previously received a strategic investment from Founders Fund under Peter Thiel and announced in February of this year that it had completed a $24 million funding round ($20 million Series A and $4 million seed round), led by Framework Ventures, with participation from the cryptocurrency exchange Bitfinex, venture capitalist Peter Thiel, and Tether CEO Paolo Ardoino.

-- Price

--

You may also like

TaiJi completes $3.5 million strategic financing, with investments from Castrum Capital, Becker Ventures, and Coinvestor Ventures

The AI-driven Web3 on-chain market intelligence platform TaiJi announced the completion of a $3.5 million strategic financing, which will accelerate the construction of a new market AI simulation engine.

Bitcoin Stuck Near $73K? How Traders Are Finding Rewards in a Sideways June Market

Bitcoin is stuck near $73K as ETF flows cool and macro uncertainty keeps traders cautious. Here's how reward campaigns like WEEX Joker Party help traders stay active during a sideways June market.

What Is a Bitcoin ETF? A Simple Guide for 2026

Learn what a Bitcoin ETF is, how spot vs. futures ETFs work, and key pros and cons for traders. Read the full guide on WEEX.

Best AI Crypto Coins 2026: Top 7 Tokens Ranked by Data

Find the best AI crypto coins 2026 with data-driven picks: Bittensor, Render, and emerging projects. On-chain metrics, risks, and WEEX trading guide included.

How to Stake Solana: A Step-by-Step Guide for 2026

Find the best AI crypto coins 2026 with data-driven picks: Bittensor, Render, and emerging projects. On-chain metrics, risks, and WEEX trading guide included.

Exclusive Interview with Alpaca CEO: What is the background of the US stock underlying service provider behind Binance and Bitget?

Binance and Bitget's underlying service provider in the US stock market, Alpaca, has entered the unicorn club with its "AWS of Finance" model, currently holding 94% of the tokenized US stock market share and is accelerating the transformation of global on-chain financial infrastructure.

Contents

Popular coins

Latest Crypto News

Read more
iconiconiconiconiconiconicon
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com