Plasma's public offering raised over $373 million, achieving a record-breaking total locked value of $1 billion for its mainnet launch.
Plasma has successfully concluded its public token sale, raising over $373 million, significantly surpassing its initial goal of $50 million. The offering saw a substantial oversubscription of approximately $320 million. The token issuance is expected within 40 days, with the Plasma network aiming for a total locked value of $1 billion at launch. U.S. investors will face a 12-month lock-up period for their tokens, while XPL will be available immediately for other global investors.