Introduction
Bitget is excited to announce the listing of Plasma (XPL) on its Launchpool. Eligible users can participate by locking their BGB and XPL tokens to share in a total allocation of 2,200,000 XPL tokens. This initiative will commence on September 25, 2025, and will end on September 28, 2025.
What is Plasma (XPL)?
Plasma is a high-performance Layer 1 blockchain specifically designed for stablecoins. Traditional blockchains have faced numerous challenges, especially with the current $250 billion stablecoin market that struggles with high fees, transaction failures, and poor user experiences. Plasma aims to resolve these issues with distinct features, including:
- Zero-fee USD₮ transfers
- Custom gas tokens allowing users to pay fees in stablecoins
- Ultra-low-latency consensus using PlasmaBFT
With its EVM compatibility via Reth, Plasma is built to offer a scalable and censorship-resistant settlement layer focused on stablecoins. The project has garnered backing from prestigious investors, including Founders Fund, Bitfinex/Tether, DRW, Flow Traders, and Nomura.
Launchpool Details
Locking Period
- Start: September 25, 2025, 13:00 UTC
- End: September 28, 2025, 13:00 UTC
Pool Allocation
- Total Allocation: 2,200,000 XPL
- BGB Pool: 2,075,000 XPL
- XPL Pool: 125,000 XPL
Eligibility for BGB Pool
- VIP3-VIP7: Max 50,000 BGB
- VIP2: Max 30,000 BGB
- VIP1: Max 10,000 BGB
- VIP0: Max 5,000 BGB
- Minimum: 5 BGB
BGB Pool Airdrop Calculation
Each user’s share of the XPL airdrop will be proportional to the amount of BGB they lock in relation to the total locked BGB.
Eligibility for XPL Pool
- Max Limit: 1,250,000 XPL
- Minimum: 13 XPL
XPL Pool Airdrop Calculation
Similarly, the airdrop per user will be calculated based on their total locked XPL relative to the overall amount locked by all participants.
Terms and Conditions
- Identity verificationCompletion is mandatory for promotion participation.
- Strict compliance with Bitget’s terms is necessary.
- Sub-accounts, institutional accounts, and market maker accounts are excluded from participation.
- Bitget reserves the right to disqualify users engaging in fraudulent or illegal activities.
- Modifications to this promotion can occur at Bitget’s discretion without prior notice.
- Final interpretation lies with Bitget, and any inquiries should be directed to customer service.
Risks and Considerations
Investors should remain cognizant of the inherent market risks associated with cryptocurrencies and should conduct their own due diligence before participating in the Launchpool.
Conclusion
The Plasma (XPL) listing on Bitget is a promising opportunity for investors interested in leveraging the benefits of stablecoins within the blockchain ecosystem. By participating in the Launchpool, you can earn XPL tokens and be part of the stablecoin supercycle. Don’t miss this chance to grow your investment in one of the most innovative projects in the crypto space.