Binance Distributes 100M XPL Rewards to Plasma USDT Locked Product Subscribers

Binance has confirmed the distribution of 100,000,000 XPL (1% of total supply) to eligible users of the Plasma USDT Locked Product under Binance Earn’s On-Chain Yields. Rewards are calculated from daily snapshots taken between Aug. 20 – Sept. 24, 2025, and will be airdropped to Spot Accounts starting Sept. 25, 2025.Key DetailsTotal Rewards: 100,000,000 XPL (1% of genesis supply)Snapshot Period: Aug. 20 – Sept. 24, 2025 (36 days)Reward Calculation:Based on user’s average daily USDT holdings in the Plasma USDT Locked ProductCompared proportionally against the total subscription poolAccrual starts one day after subscription and ends the day after redemptionDistribution Date: From Sept. 25, 2025Claiming: Automatic airdrop to Spot Accounts (check via Assets > Overview > History > Distribution)For USDT SubscribersContinuing Subscribers: Existing subscriptions will be automatically upgraded (upgrade details to follow).Redeeming Users: Early redemption does not affect accrued rewards.Users will receive their full USDT balance plus calculated XPL rewards.Funds are returned to Spot Accounts within 3 days of redemption.About Plasma (XPL)Chain Type: Layer-1, EVM-compatible blockchain for stablecoin paymentsGenesis Supply: 10,000,000,000 XPLCirculating Supply at Listing: 1.8B XPL (18% of total)Spot Trading on Binance: Starts Sept. 25, 2025, 13:00 UTCImportant NotesRewards are retroactive—no action required if you subscribed during the eligibility period.On-Chain Yields involves risk (protocol failure, smart contract issues, volatility). Binance does not guarantee principal or returns.Listings & Earn products are independent. Participation in On-Chain Yields does not imply token listing, and vice versa.MiCA compliance: Unauthorized stablecoins remain restricted for EEA users.