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Plasma Overview
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About Plasma
XPL’s distribution takes place in two phases. In the allocation phase, participants deposit stablecoins into the Plasma Vault to earn allocation units based on time-weighted deposits. These funds remain in user wallets until later bridged at mainnet launch. In the purchase phase, allocation units define the amount of XPL that each participant can buy at a fixed price. Deposits are locked for at least forty days before bridging.
Tokens are scheduled for delivery on 1 September 2025. Certain jurisdictions, such as the United States, include additional lock-up requirements for accredited investors. European participants have a withdrawal right before trading begins, in accordance with MiCA rules.
- Consensus: PlasmaBFT, a protocol based on Fast HotStuff, achieves rapid finality and low-latency block confirmations. - Execution: A Reth-based EVM provides compatibility with Ethereum contracts. - Bitcoin bridge: Trust-minimised bridging and anchoring of state data to Bitcoin. - Validators: Incentivised through staking rewards and transaction fees, with hardware requirements focused on efficient performance. - Energy efficiency: Projected annual consumption places Plasma among the more efficient proof-of-stake systems.
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Plasma Market Data
The live Plasma price today is $0.09 USD with a 24-hour trading volume of $33,678,644.64 USD. We update our XPL to USD price in real-time. Plasma is down 2.04% in the last 24 hours.
The current market cap is $214,683,605.51 USD, ranking #137 by market capitalization. The circulating supply is 2,244,444,444 XPL.