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Gate Launchpad to Offer Plasma (XPL) Subscription Using GUSD

Gate Launchpad to Offer Plasma (XPL) Subscription Using GUSD

Gate.io has launched spot trading for Plasma (XPL), following a successful Launchpad event that saw a maximum return of 126.77% for early participants.

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Summary

Gate.io launched Plasma (XPL) spot trading on September 25, 2025, at 21:00 (UTC+8), with an opening price of $0.7937. The spot trading price later settled at $0.7525. Plasma (XPL) had previously been part of Gate Launchpad's subscription event, which achieved a maximum return rate of 126.77%.

Terms & Concepts
  • Gate Launchpad: A token offering platform by Gate.io that enables users to participate in early-stage cryptocurrency projects through subscription.
  • GUSD: A stablecoin backed by Gate ecosystem income, U.S. Treasury real-world assets, and other stablecoins.
  • XPL (Plasma): A cryptocurrency project launching via Gate Launchpad, priced at 0.35 GUSD per token in the subscription offering.