The new Blockchain Startup chain performance program centered on Stablecoin with Crypto Exchange Binance attracted $ 250 million in deposits on Wednesday, reaching the installation limit in less than an hour.
Cryptographic investors mass to the offering of having in their hands the native token of the stimulated chain offered as rewards.
The offer, called Usdt Locked Product plasma, was opened on Wednesday at 12:00 UTC in Binance Earn, allowing users to deposit USDT to obtain daily rewards from the USDT. Together with the performance, the participants will share an Airdrop of XPL to 100 million XPL, equivalent to 1% of the total supply, after the protocol tokens generation event.
The installation had a USDT $ 250 million limit and operates by order of arrival. Binance said it will track user’s balances through daily snapshots to distribute USDT rewards and XPL assignments.
The limit can be high, said Plasma in an X post.
Plasma is one of the published chains focused on the stable, which offers USDT transfers without rates. The project is supported by investors, including Peter Thiel, the CEO of Tether, Paolo Ardoino, Framework Ventures, and raised $ 373 million in a sale of excess public token. It also attracted $ 1 billion in USDT deposits in June.
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