Plasma: XPL's public offering limit remains at $500 million, with a fully diluted valuation of $5 billion

BlockBeats News: On June 12th, the stablecoin project Plasma officially announced an emergency temporary announcement at 8:00 am today and will reopen the deposit limit at 9:00 am to reduce bots and snipers and create space for real participants. The raising of $1 billion in deposits is not solely due to the sale of XPL itself. The public sale of XPL has not yet begun, and all funds will be bridged to the Plasma mainnet test network and fully owned by the depositors, who will participate in the sale based on their ultimate unit ownership at the time of locking. The terms of the public sale remain unchanged: a $500 million XPL token quota will be sold, fully diluted to a valuation of $5 billion.