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

Champion's Final Bow: FC Barcelona vs Real Betis – Celebrate the Title with a Home Finale

FC Barcelona are champions! After beating Real Madrid to clinch the 2025-26 LALIGA title, Barça return home to face Real Betis on May 17. A victory party at Spotify Camp Nou awaits. Full preview inside.

Best Oil Trading Platform for Crypto Users in 2026

Looking for the best oil trading platform for crypto users? Trade crude oil, gold, forex, and US stock futures directly with USDT on WEEX TradFi with 0% trading fees and no broker account required.

5 Futures Trading Strategies Smart Traders Use to Cut Crypto Fees and Boost Futures Returns

Most futures traders focus on entries and exits but ignore the fees quietly killing profits. Learn 5 futures trading strategies to cut costs and improve returns in 2026.

What Is TradFi? How Crypto Traders Can Now Access Crude Oil, Gold, and Global Markets

What is TradFi in crypto? Learn how crypto traders can now trade crude oil, gold, stocks, and global markets directly with USDT on WEEX TradFi with 0 fee trading and a $150,000 bonus pool.

How WEEX Bridges Crypto and Football: A Deep Look at the LALIGA Partnership Inside the WEEX App

WEEX is not just a LALIGA sponsor. It’s a true partner. From iPhone Dynamic Island to LALIGA-themed app icons and smart posters, see how WEEX brings football passion into every trade — and builds a real bridge between crypto and sports.

FC Barcelona vs Real Madrid Preview: El Clásico – Can Barça Clinch the Title at Spotify Camp Nou?

FC Barcelona vs Real Madrid El Clásico match preview for May 11, 2026. Barça need just 1 point to win LALIGA. Can Madrid delay the trophy? Full preview inside.

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