Binance and Plasma Issue Joint Deposit Airdrop Rewards
XPL, the native token of Plasma, debuted on September 25 with significant airdrops and a 7-day liquidity program offering substantial rewards for DeFi participants.
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Fact Check
Multiple credible sources, including a post on Binance's own platform (Binance Square) and several crypto news outlets and X accounts, explicitly state that Binance and Plasma organized a 'joint campaign' or 'jointly held' a deposit airdrop. The evidence confirms that rewards from this event have already been distributed to users.
Summary
Plasma's native token XPL launched on September 25, briefly hitting $1.6, with airdrops reaching Binance Alpha users, offering about $220 worth of XPL. The 7-day liquidity incentive covers major protocols like Aave, Euler, and Curve, rewarding participants with WXPL. Vaults yield over 20% annually, with daily rewards in the millions. Activities require USDT0 deposits and small amounts of XPL for gas, tracked and claimed via Merkl.
Terms & Concepts
- XPL Token: A cryptocurrency token associated with Plasma, used within its ecosystem and distributed to presale participants as part of token allocation campaigns.
- WXPL: A wrapped version of XPL used in liquidity pools and DeFi protocols for incentivizing liquidity providers and participants.
- Merkl: A platform or tool used to track and claim rewards within the Plasma ecosystem, particularly for activities involving XPL and WXPL.