⚡️Breaking News: Rumors of XPL sell-off intensify, Plasma's founder, investors, and team have all locked their holdings for three years, with no tokens released.
Since the issuance of XPL, various sell-off rumors have circulated in the market. @Plasma co-founder Paul recently publicly clarified, emphasizing that the team and investors have completely locked their tokens for three years, with a one-year cliff, and no members have sold any tokens to date.
Plasma also further clarified rumors regarding market-making collaborations, stressing that the company has never hired Wintermute as a market maker and has not signed any contracts with them.
Among the approximately 50-person team, there are indeed three individuals who briefly worked at Blur or Blast, but other members come from international institutions such as Google, Facebook, Square, Temasek, Goldman Sachs, and Nuvei. To describe the team merely as "ex-Blast" is no different from calling them "ex-Google" or "ex-Goldman Sachs," as such a statement overlooks the diversity of the team's composition.
We’ve seen a number of rumors circulating since the launch of XPL and want to set the record straight.
1/ No team members have sold any XPL. All investor and team XPL is locked for 3 years with a 1 year cliff.
2/ Of our team of ~50, three spent time at Blur or Blast. Our team members also come from Google, Facebook, Square, Temasek, Goldman Sachs, and Nuvei. To say our team is "ex-Blast" is to say it is "ex" any of these firms. We are proud of the team we've assembled at Plasma.
3/ We have not engaged Wintermute as a market maker and have never contracted with Wintermute for any of their services. We have the same information as the public on Wintermute's ownership of XPL.
We are laser-focused on building the future of money and won’t be commenting further. We remain incredibly grateful for our community's support. Now back to work.
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