Plasma Token Sale Phase 2 Launch and XPL Tokenomics Revealed
Plasma’s token sale progresses to Phase 2 after the completion of Phase 1. During this phase, deposits and withdrawals are restricted for a minimum of 40 days, and KYC verification is mandatory.
Phase 3 Details and Timeline
The Phase 3, where you can purchase XPL tokens, is scheduled to commence on July 17 at 13:00 UTC and will conclude on July 28 at 13:00 UTC.
Plasma has unveiled the comprehensive tokenomics for XPL, its native token for gas fees and validator rewards. Here are the key points:
- Initial supply: 10 billion XPL with PoS-based inflation
- Validator rewards begin at 5% APR, gradually decreasing to 3% annually
- Base fees will be burned following the EIP-1559 model to manage inflation
- Expected total supply to exceed 11 billion tokens by 2028
- 10% allocated to the public sale, fully unlocked at Token Generation Event (TGE) with a 1-year lock for US citizens
- 40% designated for ecosystem growth, with 8% accessible at TGE for DeFi, liquidity, and campaigns
- 25% allocated to the team and 25% to investors
Additionally, a reminder that tokens staked during Phase 1 are locked, necessitating new funds for claiming your allocation.
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