Plasma’s XPL Token Debuts Amidst Binance Mainnet Beta Launch
Binance recently announced that its Alpha platform will debut the XPL token on September 25, marking the first public appearance of the token. Following the initial spotlight listing, XPL will secure a full spot market listing on the main Binance platform at 13:00 UTC, coinciding with Plasma’s Token Generation Event (TGE) and mainnet beta launch.
Beyond Binance, major exchanges such as OKX, Bybit, Bitget, and Gate will also list XPL, expanding its accessibility across the market. According to Plasma’s tokenomics, the Genesis supply will start at 10 billion tokens, with an initial circulating supply of 1.8 billion (18%) at launch. Plasma operates under an inflationary token model, starting with 5% inflation in the first year and gradually tapering to a 3% minimum.
To foster community engagement, 75 million XPL tokens have been allocated for airdrops via Binance’s HODLer Airdrops program. Additionally, 100 million XPL tokens (1% of Genesis supply) are reserved as rewards for users participating in the Plasma USDT Locked Product on Binance Earn’s On-Chain Yields. The public sale included 1 billion tokens, while 40% of the supply is dedicated to ecosystem development and strategic initiatives. Remaining tokens are distributed among the team, investors, and other strategic partners.
Plasma is a Layer-1 blockchain designed specifically for stablecoins, providing instant, fee-free payments and scalable DeFi infrastructure for USDT and other digital dollar assets. It merges Bitcoin’s security features with Ethereum Virtual Machine (EVM) compatibility, enabling secure transactions alongside smart contract functionality.
Launched in 2024, Plasma aims to simplify stablecoin transactions to the ease of digital messaging and has grown into a larger ecosystem featuring Plasma One, a stablecoin-centric neobank and payments super-app. The platform supports rapid, costless stablecoin transfers, yield-generating products like Maple’s syrupUSDT, and DeFi integrations to promote liquidity and adoption—especially in emerging markets where stablecoins are widely used.
Backing from notable investors such as Peter Thiel’s Founders Fund, Framework Ventures, Bitfinex, Laser Digital, and Bybit underscores Plasma’s potential. Early supporters include industry figures like Tether CEO Paolo Ardoino and crypto traders Cobie and Zaheer Ebtikar.
The XPL token powers the Plasma ecosystem by enabling staking, governance, validator incentives, and community rewards. Looking forward, Plasma plans to expand its global presence through Plasma One, which promises zero-fee USDT transfers and stablecoin rewards, positioning itself as a key player in stablecoin-based banking and payments.
