Recently, the launch of the XPL Token from the Plasma project has sparked numerous speculations and doubts. To dispel these concerns, founder Paul quickly spoke out to clarify the key details of the project.
Firstly, regarding the arrangement of token locking, Paul emphasized that the team's and all investors' XPL will be locked for 3 years with a 1-year cliff period. This mechanism aims to ensure that core participants are aligned with the long-term interests of the project, effectively preventing short-term cash-out behavior, thus providing stable support for the token price while also conveying the project team's long-term commitment to the market.
In terms of team composition, Plasma brings together 50 members, including talents from well-known blockchain projects such as Blur and Blast. More notably, the team has also recruited former employees from tech giants like Google and Facebook, as well as financial leaders like Temasek and Goldman Sachs. This cross-industry talent configuration not only has advantages in technological innovation but also demonstrates strong potential in resource integration and strategic planning.
In response to rumors regarding the relationship with Wintermute, Paul clearly denied any form of cooperation, including market-making services or other contractual relationships. Given the controversies Wintermute has faced in the industry, this clarification helps Plasma maintain a distance from potential risks and enhances community confidence.
Although the proactive clarification from the Plasma team has earned initial trust for the project, investors still need to remain rational. The inherent high-risk nature of the cryptocurrency space will not change because of this information. Whether the project can achieve its grand vision of "building the currency future" still needs to be verified through technological implementation and practical applications.
Overall, the Plasma team's public communication this time demonstrates their emphasis on long-term development and commitment to market transparency. This attitude suggests that they may not be pursuing short-term gains, but are genuinely dedicated to making substantial contributions in the blockchain field. However, the ultimate success of the project still depends on its future execution capabilities and actual results.
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ChainPoet
· 5h ago
It's really lively, watching a show.
View OriginalReply0
GweiWatcher
· 6h ago
Can XPL fall a bit more so I can buy the dip?
View OriginalReply0
MEV_Whisperer
· 6h ago
Three years Lock-up Position? At first glance, it's a capital pool.
Recently, the launch of the XPL Token from the Plasma project has sparked numerous speculations and doubts. To dispel these concerns, founder Paul quickly spoke out to clarify the key details of the project.
Firstly, regarding the arrangement of token locking, Paul emphasized that the team's and all investors' XPL will be locked for 3 years with a 1-year cliff period. This mechanism aims to ensure that core participants are aligned with the long-term interests of the project, effectively preventing short-term cash-out behavior, thus providing stable support for the token price while also conveying the project team's long-term commitment to the market.
In terms of team composition, Plasma brings together 50 members, including talents from well-known blockchain projects such as Blur and Blast. More notably, the team has also recruited former employees from tech giants like Google and Facebook, as well as financial leaders like Temasek and Goldman Sachs. This cross-industry talent configuration not only has advantages in technological innovation but also demonstrates strong potential in resource integration and strategic planning.
In response to rumors regarding the relationship with Wintermute, Paul clearly denied any form of cooperation, including market-making services or other contractual relationships. Given the controversies Wintermute has faced in the industry, this clarification helps Plasma maintain a distance from potential risks and enhances community confidence.
Although the proactive clarification from the Plasma team has earned initial trust for the project, investors still need to remain rational. The inherent high-risk nature of the cryptocurrency space will not change because of this information. Whether the project can achieve its grand vision of "building the currency future" still needs to be verified through technological implementation and practical applications.
Overall, the Plasma team's public communication this time demonstrates their emphasis on long-term development and commitment to market transparency. This attitude suggests that they may not be pursuing short-term gains, but are genuinely dedicated to making substantial contributions in the blockchain field. However, the ultimate success of the project still depends on its future execution capabilities and actual results.