According to PANews on July 17, the stablecoin Layer2 network Plasma officially announced that the public sale of its token XPL has started, which will continue until 9:00 AM Eastern Time on July 28. Additionally, the token economic model of XPL has been released, with a total supply of 10 billion tokens, allocated as follows:
- 10% allocated for public sale, with XPL for non-US buyers fully unlocked when the Plasma mainnet test version launches; XPL for US buyers will be locked for 12 months and fully unlocked on July 28, 2026.
- 40% allocated for ecosystem and growth, with 8% immediately unlocked when the mainnet test version launches, and 32% to be proportionally unlocked monthly over three years after the mainnet test version launch.
- 25% allocated for the team, with 1/3 unlocked one year after the mainnet test version launch, and the remaining 2/3 proportionally unlocked monthly over the following two years.
- 25% allocated for investors, with the same unlocking schedule as the team.
