Bitget announces the launch of Plasma (XPL) on the Launchpool platform. Users will be able to lock up BGB and XPL to participate in the distribution of a reward pool of 2,200,000 XPL. The lock-up period will last from September 25, 2025, 13:00 (UTC) to September 28, 2025, 13:00 (UTC).
Bitget announces the launch of Plasma (XPL) on the Launchpool platform. Users will be able to lock up BGB and XPL to participate in the distribution of a reward pool of 2,200,000 XPL. The lock-up period will last from September 25, 2025, 13:00 (UTC) to September 28, 2025, 13:00 (UTC).
Plasma is a high-performance, layer 1 blockchain purpose-built for stablecoins. Unlike existing networks that suffer from high fees, latency, and a poor user experience, Plasma offers zero USD₮ transfer fees, stablecoin payment options, and the lightning-fast PlasmaBFT consensus. With EVM compatibility via Reth, the network provides a scalable, censorship-resistant, and stablecoin-focused settlement layer. The project is backed by leading investors including Founders Fund, Bitfinex/Tether, DRW, Flow Traders, and Nomura, and is set to become the foundation for a new growth cycle for the stablecoin market.
Participation in Launchpool involves two blocking pools. In the first, users can block BGB with a distribution of the main part of the rewards in the amount of 2,075,000 XPL. In the second, XPL tokens are blocked with an allocation of 125,000 XPL. The distribution of rewards is carried out in proportion to the volume of blocked assets of each participant in relation to the total volume of all participants. Accruals are made every hour from the moment of confirmation of the block, and unlocking is possible at any moment. After the end of the campaign, all assets are automatically returned to users' spot accounts.
To participate in the campaign, you must pass an identity verification and comply with the platform's terms and conditions. Sub-accounts, institutional and market maker accounts are not allowed to participate. Bitget reserves the right to change or cancel the campaign terms without prior notice, as well as disqualify users if violations are detected.
Learn more about the campaign on Bitget Launchpool .
Cryptocurrencies are associated with high volatility and market risks. Users are strongly advised to independently research the project and make investment decisions consciously.
