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Binance Adds Plasma (XPL) To HODLer Airdrop Page: What Users Should Know
Yahoo Finance·2025-09-24 09:37

Core Insights - Binance has added Plasma (XPL) to its HODLer Airdrops program, allowing eligible BNB holders to access XPL rewards ahead of its trading debut on September 25, 2025 [1][2] Group 1: HODLer Airdrops Program - The HODLer Airdrops program rewards long-term BNB holders retroactively without requiring additional actions after subscription [2] - Users who subscribed their BNB to Simple Earn or On-Chain Yields between September 10 and 13 are eligible for the airdrops [2] Group 2: Token Distribution and Supply - A reward pool of 75 million XPL, representing 0.75% of the total supply, will be distributed to spot accounts before trading starts [3] - Plasma will have a genesis supply of 10 billion tokens, with 1.8 billion XPL (18%) circulating on the first day [4] - The token follows an inflationary model, releasing 5% of the supply in the first year, decreasing by 0.5% annually until stabilizing at a 3% floor [4] Group 3: Trading and Integration - Plasma's XPL token will be listed for spot trading on September 25, with pairs including XPL/USDT, XPL/USDC, XPL/BNB, XPL/FDUSD, and XPL/TRY [5] - Deposits for XPL and USDT will be available starting September 24, while withdrawals will be enabled after trading begins [5] - Binance is open to supporting USDT deposits and withdrawals on the Plasma Network, highlighting its stablecoin-centric focus [6] Group 4: Market Positioning - Plasma is positioned as a payments-focused Layer-1 blockchain, entering a competitive market for transaction throughput and stable asset adoption [4][7] - The decision to spotlight Plasma reflects Binance's ongoing commitment to stablecoin infrastructure amid increasing regulatory and institutional interest [7]