1/ @PlasmaFDN is an L1 optimized for stablecoins and payments with free USD₮ transfers, an onchain neobank, Plasma One, and pBTC, an OFT BTC token.
Earlier today, Plasma mainnet beta (as well as the XPL token) went live.
Below, we take a look into the XPL tokenomics and valuation:
3/ At TGE, roughly 18% of XPL’s total supply will be in circulation, primarily from the public sale, as well as 8% released from the ecosystem and growth allocation.
This assumes the public sale is fully sold to non-US participants with immediate unlock.
If, for example, 10% of buyers are US-based (subject to a 1-year lock), initial supply would be closer to 1.7 B XPL (17%).
4/ There are no investor of team unlocks for 12 months post-TGE. Afterwards, each category will undergo a 33% cliff unlock followed by a 2-year linear vest for the remaining 67%.
The ecosystem and growth category will unlock monthly over 3 years after the initial 8% unlock on TGE.
5/ The cumulative XPL emission schedule looks as follows:
6/ The circulating market cap and FDV will vary with price as following:
Note: We assume the entire public sale is going to be liquid on day one (i.e. we assume that there were no US-based investors in the public sale).
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