Plasma, a blockchain designed for stablecoins, will hold the first public sale using Echo's Sonar infrastructure.
10% of the total XPL supply will be sold in the public sale at a $500 million fully diluted valuation.
The sale allows the public to participate in XPL sale at the same valuation as Founders Fund’s equity investment, ensuring equal access and a fair launch.
The XPL token sale aims to distribute tokens to users, developers, and institutions to help scale the network, with stablecoins being deposited into the Plasma vault to earn an allocation.