Plasma

XPL
Past
Project category:
ICO
Platform:
Echo
About project
Plasma is a high-performance blockchain built specifically for stablecoins. Backed by Bitfinex/USDT, it addresses key issues like high fees, centralization, and transaction failures that traditional blockchains face. Designed from the ground up, Plasma offers the speed, security, and features stablecoins need to scale effectively.
Industry:
Chain
Ticker:
XPL
Founded:
2024
Total raised:
$24M
Start date:
9 Jun’25
End date:
9 Jun’25
Whitelist:
No
KYC:
Yes
Bounty:
Yes
MVP:
Yes
Security audit:
No
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Token economy
Total raised:
$24,000,000
Fully Diluted Valuation (FDV):
$500,000,000
Total Supply:
TBA
Roadmap
Phase 1 – Mainnet Beta
For the initial launch, Plasma will deploy its core components: the PlasmaBFT Consensus Protocol, rigorously optimized for high throughput and low latency, and a fully EVM-compatible execution layer that supports existing smart contracts. This phase establishes a stable foundation for early integration with stablecoin issuers, onramp providers, liquidity providers, banking-as-a-service platforms, fintechs, and other key partners.
Phase 2 – Bitcoin Bridge and Settlement
Following the mainnet beta, we will implement the Plasma native, trust-minimized Bitcoin Bridge and settlement mechanism. This phase will deploy a bridge that anchors Plasma state differences to Bitcoin, ensuring seamless access to Bitcoin liquidity and robust interoperability between Plasma and Bitcoin.
Phase 3 – Core Feature Enhancements and Performance Improvements
Once the fundamental components are stable, our focus will shift to shipping Plasma’s core stablecoin features—including custom gas tokens, zero-fee USDT transfers, and confidential transactions—while optimizing performance, usability, and network efficiency. This phase will address the technical challenges of stablecoin payments, such as throughput, latency, and specialized feature development.
Phase 4 – Native Tooling and Infrastructure
Next, we will build and release native developer tooling and infrastructure specifically for stablecoins. This phase will deliver comprehensive APIs, SDKs, and management tools that facilitate seamless wallet and onramp integration, empowering developers and financial institutions to fully utilize Plasma’s stablecoin-first architecture.
Token sale (ICO/IDO) Rounds
ICO
9 Jun’25
Past
Price:
$0.5
Tokens for sale:
100,000,000
Total raised:
$1,000,000,000
Lock-Up:
he vault lock-up lasts for a minimum of 40 days following the public sale.
Event Page:
Echo
Team
Hans Walter Behrens
CTO
Paul Faecks
Founder
Nathan Lenga
Head of Growth
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