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🔵 Plasma (@PlasmaFDN) will conduct its token sale in about 2 hours.
Here is everything you need to know:
▫️ 1 billion $XPL tokens will be sold through this public sale. The valuation of this public sale is $500M.
▫️ You can only participate if you have deposited stablecoins in the vault. Your share of the public sale is based on the number of "Units" (points) you earned through your deposit
▫️ In total, $1B was deposited in the vault. Your allocation is guaranteed as long as you invest during the investment period. No need to rush and pay high fees.
⚠️ Your tokens will not be available for trading for at least 40 days. If you are a US-based investor, your tokens are locked for at least 1 year after the sale concludes.
▫️ Stablecoins will be returned to you after the mainnet launches, along with any yield they accrued.
▫️ In the coming weeks, many DeFi integrations might be announced. Since @PlasmaFDN deposited all stablecoins into @aave, it’s likely Aave will be among the first DeFi integrations.
⚠️ The inflation is set at 5% per year and will decrease by 0.5% per year until it reaches 3%. Team and investor tokens are not eligible for rewards from inflation
▫️ You can "overcommit" funds to purchase remaining $XPL if the public sale is not fully committed.
▫️ This tweet is not an endorsement or a recommendation to invest in $XPL. Some team members of OAK Research will participate in the public sale. Please invest carefully and only use official links to participate in the sale: app.plasma(.)to

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