Plasma launches XPL public sale and announces token economics

ChainCatcher news, the stablecoin Layer2 network Plasma has officially announced that the public sale of its token XPL has started, and the public sale will last 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 allocation plan is as follows:

• Public sale allocation 10%, XPL for non-U.S. buyers will be fully unlocked when the Plasma public mainnet test version launches; XPL for U.S. buyers will be locked for 12 months and will be fully unlocked on July 28, 2026.
• Ecosystem and growth allocation 40%, of which 8% will be unlocked immediately when the mainnet test version launches, and 32% will be unlocked monthly in proportion over the three years following the mainnet test version launch.
• 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 same unlocking schedule as the team.