Inside the ICO Details and What’s Next for the Project

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Confidence in the Project and Its Backers

Plasma raises $24M in Seed and Series A rounds with support from top investors

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Decreased Potential Returns

What Is Plasma?

Ethereum

Bitcoin

Tether

Glowing "$1B" hologram above a circular platform with a suited figure in a dark, futuristic crypto-themed illustration

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Plasma, the first project launched on Cobie’s Sonar platform, stunned the crypto world by raising $1B in days. With high-speed deposits, major backers, and a stablecoin-first blockchain design, Plasma is shaping up to be a serious player in DeFi.

Framework Ventures

Bitfinex

DRW Venture Capital

Bybit

Mirana Ventures

Nomura

Founders Fund

Peter Thiel

Paolo Ardoino

Cobie

Plasma Raises $1B on Sonar Platform

ICO Plasma by Tether

How does the sale work?

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How much can you return from a $1,000 investment?

Why this ICO could be an opportunity for investors

Who invested earlier?

Community support isn’t just talk

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Plasma’s $250M XPL Token Sale

Minimalist digital illustration of a futuristic balance scale in teal light, set against a dark, clean background.

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Downsides of the Decision

Potential Upsides

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Conclusion

USDS

Tether coin glowing above a launchpad with radial lines and a silhouetted figure on a dark teal background.

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Plasma is launching a major public token sale for XPL via Sonar, Echo’s new platform. With backing from Tether and Cobie, and a fair, transparent structure, it’s a rare shot at early access without insider ties.

echo

Coinbase Ventures

XPL Token Sale Launches June 9 on Sonar

How is Twenty One Capital changing the Bitcoin ecosystem?

Why is Twenty One Capital buying Bitcoin?

Who is Funding Twenty One Capital?

Supporting innovation and startups

Why do Bitcoin metrics matter?

Who is behind Twenty One Capital?

Macroeconomics and Bitcoin

What does this mean for all of us?

Vault full of Bitcoin connected to a skyscraper by a bridge, with icons for innovation, security, and BTC metrics.

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Twenty One Capital isn’t just buying Bitcoin—it’s building the future of finance. With bold acquisitions and backing from Tether and SoftBank, the firm is shaping a new era where BTC becomes part of everyday financial life.

SoftBank

Marathon Digital

Inside Twenty One Capital’s BTC Mission

Taiwan

Bitfinex is the world's leading digital asset trading platform.

USDT0

Stable

Gabriel Abed

Zaheer

United States of America

Investing in the crypto-powered Web3 and creator economy ecosystems

6MV (6th Man Ventures)

Virgin Islands (British)

Bybit is a global cryptocurrency derivatives exchange designed for all retail traders, professionals and investment institutions alike.

Cobie, a well-known pseudonymous figure, has made a significant impact both on crypto Twitter and within the broader cryptocurrency industry. Beyond his online presence, he's also recognized as the founder of Echo.

DRW Venture Capital, an arm of principal trading firm DRW, invests primarily in financial and enterprise technology. Many of our portfolio companies benefit from our engagement beyond capital: as a client, as a liquidity provider, through our review of new products, and through our deep industry expertise.

As a firm with no outside investors, wehave a flexible mandate to deploy capital and often tap into our core business to help companies grow. We’re powered by the people, technology and ideas of DRW, and those we invest in may leverage it all. DRW has diversified business expertise and deep networks in trading and technology, real estate investment, cryptocurrencies and product development — a unique advantage.

Flow Traders

IMC Financial Markets

Laser Digital is a crypto business redefining the frontier of digital finance for institutional investors.

Laser Digital

Guy Young

Framework Ventures is a cutting-edge venture capital firm deeply immersed in the world of decentralized finance (DeFi) and blockchain technology. Founded by Michael Anderson and Vance Spencer, Framework Ventures stands out as a key player in the rapidly evolving landscape of digital assets and blockchain-based financial innovations.

Plasma

Founders Fund is a venture capital firm based in San Francisco, specializing in investments in science and technology companies.

Manifold Trading is a early-stage web3 fund that takes a data-driven, systematic approach to making high-conviction investments.

Manifold Trading

Anthos Capital

Karatage

Christian Angermayer

Shima Capital is an early stage VC firm investing in disruptive web3 and blockchain technology companies.

Shima Capital

Galaxy Interactive is a venture capital firm focused on interactive content and technology companies.

Galaxy Interactive

Singapore

Mask Network is the Portal to the New, Open Internet.

Mask Network

Planetarium

MARBLEX

Square Enix

DeFimans

Seamoon Protocol

OrionX

Hong Kong

GD10 Ventures

CMS Holdings may also invest in early-stage blockchain and cryptocurrency projects through private investments and strategic partnerships. They provide capital and support to innovative startups in the crypto space.

CMS Holdings

United Arab Emirates

DWF Labs is the new generation Web3 investor and market maker, one of the world's largest high-frequency cryptocurrency trading entities, which trades spot and derivatives markets on over 60 top exchanges.

DWF Labs

Arcanum Capital is a growth-driven investment in decentralized protocols.

Arcanum Capital

Vietnam

The Vietnamese VC fund Kyros Ventures invests capital into projects at various stages.

Kyros Ventures

The UDHC can help guide projects in order to maintain a compliant arc of decentralization.

UDHC

AVA is a next-generation blockchain platform with revolutionary scalability, decentralization, security, and flexibility.

Ava Labs

GSR Ventures is a venture capital firm focused on early-stage technology companies developing AI-enabled enterprise software, consumer platforms, and healthcare technology.

GSR Ventures

South Korea

Cosmostation

Binary Financial LLC is an Investment management company focused on providing superior returns in the digital asset space.

Binary Financial

Citadel One

Onomy Protocol

United Kingdom

Wintermute is a truly value adding investor dedicated to supporting the innovation in the blockchain ecosystem.

Wintermute

QCP Capital is a digital asset trading firm that provides digital payment token (DPT) services.

QCP Capital

Bitstamp

Thalex

Switzerland

ConsenSys develops enterprise applications, invests in startups, builds developer tools, and offers blockchain education.

ConsenSys

DeFi Capital is a Decentralized Finance investment fund.

DeFi Capital

China

Ledger Capital

Israel

StarkWare Industries develops a full-proof stack in generating and verifying proofs of computational integrity in the blockchain.

StarkWare Industries

Delphi Digital is a dynamic research-driven firm at the intersection of blockchain technology and traditional finance. Founded by a team of seasoned professionals, the firm is committed to providing cutting-edge insights and strategic analysis in the rapidly evolving digital asset space.

Delphi Digital (Delphi Labs)

Delphi Ventures was founded over 25 years ago as one of the first venture capital firms to focus on investing in life sciences companies.

Delphi Ventures

Fenbushi Capital is the first and most active blockchain-focused venture capital firm in Asia

Fenbushi Capital

ParaFi Capital is an alternative investment firm focused on blockchain and decentralized finance markets.

ParaFi Capital

Blockchain.com Ventures is a venture fund anchored and supported by Blockchain.com & Lightspeed Venture Partners

Blockchain.com Ventures

Lightspeed Venture Partners is a prominent venture capital firm recognized for its strategic investments in innovative and high-growth technology companies. Founded in 2000 by Chris Schaepe, Barry Eggers, Ravi Mhatre, and Peter Nieh, Lightspeed has played a pivotal role in shaping the success stories of numerous startups across various sectors.

Lightspeed Venture Partners

Rhino.fi

Arcane Crypto

We believe in Bitcoin as a next generation politically neutral monetary system, the foundation for decentralized finance of the future. While Bitcoin is an efficient settlement layer, it needs a Layer-2 solution for everyday transactions. That is why we support development of the Lightning Network - an essential step towards decentralized finance.As technology entrepreneurs we combine decades of experience creating business from zero and scaling it in emerging and fast-growing industries.
We support outstanding teams in several ways: writing checks of $50-$200k for pre-seed startups; granting rewards for acknowledged contributions to the ecosystem; providing startup advisory and mentoring; investing in later stages.

Along the way we help startups to navigate cryptocurrency legal and regulatory environment according to the evolving industry standards and best practices.

Fulgur Ventures

LN Markets

Lemniscap is an investment firm specializing in investments in emerging cryptoassets and blockchain companies

Lemniscap

Dusk

Malta

YZi Labs is an investment firm formerly known as Binance Labs that invests in all stages of development in the fields of Web3, artificial intelligence (AI), and biotechnology.

YZi Labs (prev Binance Labs)

A research driven alliance of university blockchain groups and funds

BlockVenture

Ireland

COSIMO Ventures

Netherlands

Venture Capital Fund in Blockchain & Distributed Ledger Technology (DLT)

Maven 11 Capital

Part One Capital

Andorra

Blockground Capital is an investment firm specialized on ventures, projects and tokens related to blockchain and emerging digital assets.

Blockground Capital

Ukraine

ZBS CAPITAL is a VC fund dedicated to build a decentralized world together. ZBS CAPITAL story starts in 2017 with an ICO boom and continues nowadays.

ZBS Capital

Ultra

Luxembourg

NOIA Capital is a Luxembourg based actively managed alternative asset manager pursuing excellence in digital assets and blockchain technology investments.
The Company is registered with CSSF and FSMA.

Noia Capital

Kenetic is a proprietary trading and VC investment firm focused on digital assets and blockchain related companies.


DUSK Dusk	$0.051	9.67%	$24.91 M	$25.64 M	$0.0404	1.26x	--	--
UOS Ultra	$0.05007	7.11%	$22.48 M	$50.75 M	$0.063	0.79x	$0.05	1.00x
FOX ShapeShift FOX	$0.02381	4.92%	$14.82 M	$23.81 M	--	--	--	--
ESS Essentia	$0.0001849	−6.31%	$199,689.79	$324,381.91	$0.042857	--	--	--
NOM Onomy Protocol	$0.0007609	39.81%	$102,440.72	$129,099.00	--	--	--	--
DVF Rhino.fi	--	0.00%	$5.96 T	--	--	--	--	--
BMN BlockStream Mining Notes	--	0.00%	--	--	--	--	--	--
Seamoon Protocol	--	--	--	--	--	--	--	--
LN Markets	--	--	--	--	--	--	--	--
XPL Plasma	--	--	--	$500.00 M	--	--	--	--
OrionX	--	--	--	--	--	--	--	--
Stable	--	--	--	--	--	--	--	--
Thalex	--	--	--	--	--	--	--	--

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