Plasma is entering the next phase of building a global financial system where money moves at internet speed, with zero fees and full transparency. XPL is the core asset securing this system. The public sale begins July 17 at 9:00 AM ET. Deposits and withdrawals are now locked.

XPL is the native token of the Plasma network. It secures the chain, powers transaction fees and validator rewards, and drives adoption through carefully structured incentives. Initial supply: 10B XPL - 10% Public Sale - 40% Ecosystem & Growth - 25% Team - 25% Investors

Validator rewards begin at 5% annual inflation, decreasing by 0.5% each year until stabilizing at 3%. Emissions only begin once external validators and stake delegation go live. See chart below for the full emission schedule.

The public sale is only open to depositors who have completed onboarding and KYC through Sonar. US purchasers must verify accredited investor status. XPL purchased by non-US purchasers will be fully unlocked at mainnet beta launch. US purchasers are subject to a 12-month lock. If you haven’t completed onboarding, make sure to do so before the sale ends on Monday, July 28 at 9:00 AM ET.

Eligible depositors may commit funds at any time during the sale window. Overcommitments are allowed. Any unpurchased XPL will be reallocated proportionally to those who commit additional funds. Unused overcommitted funds will be refunded after the sale period ends. Vault balances cannot be used for the sale, so ensure your connected wallet is funded.