#info
Stablecoins-focused blockchain Plasma will have a public token sale starting June 9. The startup will be offering 10% of its XPL token supply to the public. $50M to be raised at $500M fully diluted valuation. To earn an allocation user will need to deposit stablecoins into the Plasma vault on Ethereum. The allocation of the sale is determined by time-weighted share of total vault deposits. The deposit period is expected to run for a matter of weeks. The vault lock-up lasts for a minimum of 40 days following the public sale.