Plasma Tokenomics and ICO Phases Outline

The Plasma tokenomics and sale kickoff have been thoroughly detailed. Today marked the conclusion of the first phase and the commencement of the second, during which deposits and withdrawals are restricted for at least 40 days, and KYC cannot be completed anymore. The third phase begins on July 17 at 16:00 MSK and will run until July 28 at 16:00 MSK, allowing participants to purchase XPL tokens. Additionally, the team announced the tokenomics of XPL — the native token of the Plasma blockchain, utilized for transactions and validator rewards. Key points include: - Initial supply of 10 billion XPL tokens, with a Proof-of-Stake model involving inflation. Validator rewards start at 5% annually, decreasing by 0.5% each year until reaching 3%. These tokens will be minted and distributed via validators delegating stakes. - Inflation will be offset by burning base transaction fees under the EIP-1559 model, leading to a gradual growth in total supply. By 2028, over 11 billion tokens are projected. - The sale will allocate 10% of total tokens, with all tokens unlocked at TGE except for US citizens, who will have a 1-year lock. - 40% of tokens are designated for ecosystem development, with 8% unlocked at TGE to support DeFi integrations, liquidity, and initial growth campaigns. - 25% each is reserved for the team and investors. Participants must set aside funds separately to purchase their allocations, as tokens contributed to the pool are fully locked and cannot be used to pay for the allocation.