EXCLUSIVE: $XPL (@Plasma) ICO was NOT conducted at $0.05 but $0.50
they sold 1B tokens at $500M valuation which puts price per token price at 500M/1B = $0.50
this changes everything as presalers are up only 2x and given the $30B+ volume in these first few days all these tokens would've been sold/distributed to new hands
real unlock overhang = small (team + VCs locked 3yrs / 1yr cliff)
this changes the narrative completely.
Trillions. ✨
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.
Trillions.
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