Odaily Planet Daily News Stablecoin Layer2 network Plasma officially announced that the public sale of its token XPL has been launched and will last until 9:00 am on July 28, Eastern Time. In addition, the token economic model of XPL has also been announced, with a total supply of 10 billion. The specific distribution plan is as follows.
1. Public sale allocation 10%, non-US buyers' XPL will be fully unlocked when the Plasma public mainnet beta is launched; US buyers' XPL needs to be locked for 12 months and will be fully unlocked on July 28, 2026.
2. Ecosystem and growth allocation 40%, of which 8% will be unlocked immediately when the mainnet beta is launched, and 32% will be unlocked monthly in proportion within three years after the mainnet beta is launched.
3. Team allocation 25%, of which 1/3 will be unlocked one year after the public launch of the mainnet beta, and the remaining 2/3 will be unlocked monthly in proportion within the next two years.
4. Investors are allocated 25%, and the unlocking schedule is the same as the team.