Plasma Debuts XPL at Massive Multiple of ICO Price—And Hands Out Millions in Free Tokens

Stablecoin Blockchain plasma The mainnet was released in beta on Thursday, with native XPL tokens going live together.

Large Plasma Investors First coin productor ICO, has risen significantly earlier this year. And the plasma was confirmed Decryption All participants in Plasma’s Pre-Deposit ICO Scheme have been submitted. XPL $8,390-Even if they didn’t actually buy the token via the ICO.

Plasma’s XPL token peaked at $1.54 shortly after its debut, before falling to $0.91 at the time of this writing. Coingecko. It puts the plasma native Staking Tokens at a fully diluted valuation of $8.6 billion. This is a jump of 17.3 times the valuation of the $500 million raised by the ICO.

XPL is currently the 89th largest cryptocurrency by market capitalization, at $1.59 billion.

“This is the culmination of our team that puts all the teams to make Plasma the perfect home for money. The launch of our mainnet is just the beginning.” I said in x.

plasma Layer-1 blockchain with Stablecoin optimization at the forefront of your project. Use XPL tokens to enhance staking-based consensus mechanisms. Plasma has raised funds from Tether CEO Paolo Ardoino and Paypal co-founder Peter Thiel, who also serves as project advisors.

The project won headlines in June We raised $1 billion It is worth the pre-seeds prior to the initial coin offering. Participants were assigned a portion of the tokens that could be purchased based on the amount and duration they had accumulated in advance.

Plasma later sold 10% of its 10 billion token supply at a fully diluted valuation of $500 million to those who locked in their pre-deposit wallets. The initial coin offering was conducted with the same rating as the previous Strategic Financing Round.

Plasma said Decryption Half of the ICO participants claimed tokens within three hours of hitting the mainnet beta.

ICO depositors who receive unexpected bonuses are Show off An additional $8,390 for XPL that Plasma gave them. Notably, the plasma allocates 25 million tokens, worth around $25.5 million at its current price, and is split evenly between all predepositors. That is, those who deposited $1 or $10,000 got the same bonus.

“The Plasma team is to make sure that small supporters eat,” says One X user I wrote it. “FOMO is about to get hit hard,” says another person. I said x.

Plasma’s Mainnet Beta and Token debut will be coming in the same week as announced Plasma 1Stablecoin-native neobank, it is planned to be deployed. Neobank’s cards claim to use the plasma blockchain as a payment rail and provide 4% cashback on spending.

The company’s leadership describes its launch on Thursday as the first step, and there’s no more going forward.

“This is just the beginning,” Fex said. Decryption. “Then, it’s about repeating it at the chain level, optimizing the plasma for Stablecoin payments and shipping the best products that will put Stablecoins into everyone’s hands everywhere.”