Plasma Public Token Launch Raises $500M in XPL Token Sale

Plasma, a blockchain designed specifically for stablecoins, pulled in $500 million in deposits for its XPL token sale. That’s right, half a billion dollars locked up in just minutes.

If you’re wondering whether ICOs are making a comeback, this might just be the clearest signal yet. Find out more about Plasma public token launch here!

Plasma Public Token Launch: XPL Token Sale

The XPL Token Sale didn’t just attract attention, it created chaos. One eager trader even spent $100,000 in Ethereum gas fees to beat the crowd and secure a spot in the pre-sale vault. This sale wasn’t just fast, it was fierce.

Hosted on the newly launched Sonar token sale platform, Plasma public token launch offered early access to just 10% of the total XPL supply.

But while the vault received $500 million worth of stablecoin deposits, only $50 million worth of tokens are expected to be released in this round. The funds deposited give users an option to buy XPL tokens, not an obligation, and they can earn yield or withdraw anytime.

Read More: What is Plasma (PLASMA) Crypto? Built for Stablecoins

Why XPL Token Sale Stands Out

XPL Token Sale resembled the 2017 ICO boom, where traders would do anything for early access. But what makes Plasma different is its strong foundation, a real product, a well-defined use case, and a clear focus on stablecoin infrastructure.

Here’s what makes Plasma and XPL so appealing:

1. Stablecoin-Centric Design: Plasma is purpose-built for stablecoins like USD₮, aiming to solve the issues older blockchains can’t: high fees, slow speeds, and scalability.

2. Settlement on Bitcoin: It uses Bitcoin as a settlement layer, merging high performance with maximum trust.

3. Zero Fees and High Throughput: Thousands of transactions per second with zero fees, yes, zero. This is what sets Plasma apart in a congested DeFi environment.

4. EVM-Compatible: Developers can deploy Ethereum-based contracts without rewriting them. Plasma speaks Solidity natively.

5. Yield-Earning Vault: While waiting for the token allocation, early depositors can earn yield on their stablecoins, creating a win-win situation.

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XPL Token Sale: There is the Gas War

Despite the hype, there’s been criticism too. Of the $500 million in deposits, the top 10 participants controlled 40% of the vault. 

With 1,108 wallets contributing, the average deposit per wallet was over $450,000. On the flip side, 141 wallets deposited less than $1,000, proving that retail did get a chance, albeit a small one.

And then there’s the gas war. While one trader paid a massive 39.15 ETH (~$100,000) to front-run the sale, others managed with fees under $12,000. It’s a risky game, but one many are willing to play when they smell a potential 1000x return.

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What's Next After the XPL Token Sale?

So, what’s next after the XPL Token Sale? No official date has been set for the actual XPL token distribution, but this level of demand is bound to have ripple effects. 

Other projects may see the excitement around Plasma and feel encouraged to launch their own ICO-style events. If that happens, 2025 could see the return of ICOs, but better, smarter, and more grounded.

Read More: CESS Network Launches DeShare Airdrop & Public Testing 

Conclusion

The success of Plasma public token launch, XPL Token Sale, could be a pivotal moment in crypto history. While it mirrors the 2017 ICO frenzy, it’s backed by a legitimate use case: building the next-gen blockchain infrastructure for stablecoins. 

With its $500 million vault deposit and only $50 million in tokens on offer, demand is clearly through the roof. Whether ICOs are officially back or not, one thing is certain: Plasma just lit a fire under the crypto market, and everyone’s paying attention.

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FAQ

What is the XPL Token Sale?

The XPL Token Sale is Plasma’s public token launch, offering early access to 10% of the total supply via a pre-sale vault system hosted on the Sonar platform.

How much was raised in the XPL Token Sale?

Plasma received $500 million in stablecoin deposits within minutes, though only $50 million worth of tokens are available in this phase.

Can depositors withdraw their funds?

Yes. Depositing funds gives users the option, not obligation, to buy XPL tokens. Funds can be withdrawn anytime and will earn yield while locked.

Why did one trader pay $100,000 in gas fees?

The trader paid a priority fee to front-run the queue and ensure their $10 million deposit was confirmed before the vault filled up.