Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Plasma founder: No team members have sold any XPL, and three of them previously worked at Blur/Blast.

Plasma founder: No team members have sold any XPL, and three of them previously worked at Blur/Blast.

ChaincatcherChaincatcher2025/10/02 01:18
Show original

ChainCatcher News, Plasma founder and CEO Paul Faecks stated on social media that since the launch of XPL, there have been some rumors, and he would like to clarify the facts:

  1. No team member has ever sold XPL. All XPL held by investors and the team is locked for 3 years, with a 1-year cliff unlocking period.
  2. Among the team of about 50 people, 3 have previously worked at Blur or Blast. Team members also come from Google, Facebook, Square, Temasek, Goldman Sachs, and Nuvei. Calling the Plasma team "ex-Blast" is equivalent to saying they are "ex" any of the above companies.
  3. Plasma has not hired Wintermute as a market maker, nor has it ever signed any service contract with them. Regarding information about Wintermute holding XPL, Plasma's knowledge is the same as that of the public.
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!