Plasma officially launches XPL public sale, token economy model announced

Odaily Planet Daily News: The stablecoin Layer2 network Plasma has officially announced that the public sale of its token XPL has been launched and will continue until 9:00 AM Eastern Time on July 28th. In addition, XPL's token economy model has also been announced, with a total supply of 10 billion tokens, and the specific distribution plan is as follows. 1. Public sale allocation of 10%, XPL for non US buyers will be fully unlocked when the Plasma public mainnet beta is launched; The XPL for American buyers needs to be locked for 12 months and will be fully unlocked on July 28, 2026. 2. The ecosystem and growth allocation is 40%, of which 8% will be unlocked immediately upon the launch of the mainnet beta, and 32% will be unlocked on a pro rata monthly basis within three years after the launch of the mainnet beta. 3. The team will allocate 25%, of which 1/3 will be unlocked one year after the public launch of the mainnet beta version, and the remaining 2/3 will be unlocked on a monthly basis in proportion for the next two years. 4. The investor will allocate 25%, and the unlocking schedule will be the same as the team.