The Plasma mainnet Beta version will go live on September 25th at 8 PM (Beijing time), and will distribute $XPL. Right from the start, there will be $2 billion in stablecoin liquidity, which will directly place it in the top eight across the network, the kind backed by real money. The distribution of $XPL is also quite good: 10% of the total supply is allocated to community public offerings; 25 million tokens are rewarded to small participants (those who completed Sonar verification); Additionally, 2.5 million tokens are reserved for the Stablecoin Collective community (OGs will receive 30,000 tokens, and regular contributors can get between 7,500 to 15,000 tokens). This at least indicates one thing: it’s not just a family affair where everything is locked up; ordinary people can also get a bit of the chips. My feeling: Many public chains claim to focus on payment finance, but their implementations often fall flat. However, Plasma is starting off by using $2 billion in stablecoins...
September 25, 8:00 AM ET.
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