Binance Adds Plasma (XPL) To HODLer Airdrop Page: What Users Should Know
Binance has added Plasma (XPL), a brand new Layer-1 (L1) blockchain optimized for international stablecoin funds, because the forty fourth venture on its HODLer Airdrops web page.
The transfer comes forward of the token’s spot buying and selling debut on September 25, 2025, giving eligible BNB holders early entry to XPL rewards.
Plasma Joins Binance HODLer Airdrops Amid XPL Listing Plans
The Binance exchange’s HODLer Airdrops program rewards long-term BNB holders retroactively. Users don’t have to take further actions after subscription.
Based on this, Binance customers who subscribed their BNB to Simple Earn (Flexible and Locked) or On-Chain Yields between September 10 and 13 are eligible for Plasma’s HODLer Airdrops.
Key highlights within the announcement embody a reward pool of 75 million XPL (0.75% of the whole provide). This can be distributed to identify accounts not less than an hour earlier than buying and selling commences.
Further, as much as 50 million XPL in advertising and marketing allocations can be found after itemizing. There can also be a further 150 million XPL six months later.
Plasma is an EVM-compatible L1 blockchain designed for high-volume, low-cost stablecoin transactions.
Positioned as a payments-focused community, it enters a crowded area of Layer-1 blockchains competing for transaction throughput and adoption by issuers of digital {dollars} and different secure property.
According to the announcement, Plasma could have a genesis provide of 10 billion tokens. On day one, 1.8 billion XPL (18%) can even be circulating.
The token follows an inflationary mannequin, with 5% of provide slated for launch in 12 months one, regularly declining by 0.5% yearly till stabilizing at a 3% ground.
The announcement additionally revealed Binance’s plans to listing Plasma’s XPL token for spot trading, beginning September 25 at 13:00 UTC.
“[Token pairs to be supported include] XPL/USDT, XPL/USDC, XPL/BNB, XPL/FDUSD, and XPL/TRY,” Binance stated.
However, deposits for XPL and USDT will go reside in the present day, September 24, whereas withdrawals can be enabled after buying and selling begins.
Plasma’s USDT Integration Highlights Binance’s Stablecoin Strategy, But Sustainability Questions Linger
Binance additionally indicated an openness to immediately supporting USDT deposits and withdrawals on the Plasma Network. Given Plasma’s stablecoin-centric focus, this represents a major integration.
Plasma will initially seem on Binance Alpha, the trade’s pre-listing pool, however can be delisted as soon as spot markets go reside.
Binance’s choice to highlight Plasma displays the trade’s continued push into stablecoin infrastructure. The sector continues to attract regulatory and institutional focus beneath frameworks like Europe’s MiCA (Markets in Crypto Assets).
By supporting itemizing and USDT integration on Plasma, Binance is successfully trying towards payment-focused blockchains capturing the following wave of settlement flows.
However, XPL’s inflationary provide mannequin and heavy reliance on advertising and marketing campaigns additionally current dangers.
With 200 million tokens allotted for promotions within the first six months, Plasma’s greatest problem can be sustaining demand past exchange-driven liquidity.
The put up Binance Adds Plasma (XPL) To HODLer Airdrop Page: What Users Should Know appeared first on BeInCrypto.
