ICOs are back (?)
some crazy facts on Plasma deposits:
- someone spent $100k in gas to deposit $10M
- the median deposit amount was ~$35k
- a whale full stack deposited max possible $50M
- top 10 depositors 38% (~$190M) of the $500M cap
$XPL is whales play frfr
this is something y'all shouldn't fade 👀
@PlasmaFDN raised $24M from Bitfinex, Tether CEO, Framework etc
$XPL is confirmed and will soon ICO raise another $50M on echo
deposits live in ~3 hours
this might be the best stablecoin farm for next few months + you get allocation in $XPL ICO
How it works:
10% of the total $XPL will be sold in this ICO at a $500 million FDV
your allocation will be determined by your time-weighted share of total vault deposits
we'll able to deposit USDT, USDC, DAI, USDS on ethereum mainnet network
we'll get units (points) based on our deposits over time
deposit time is expected to be for "weeks" and we'll able to withdraw it anytime if needed
and then ICO will be held in a few weeks on echo, which requires KYC
with such a strong backing and CT's presence, we can expect it to launch at $2-3B+ minimum so it's a clean 4-6x
the deposits are capped at $250M and the worst part here is $50M deposit cap individually
the gas war will be insane so make sure you are ready for it 🫡
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