Alpha
XPL Token Sale Launches June 9 on Sonar
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.
⚡TL;DR
- Plasma is launching a public XPL token sale on Echo’s new Sonar platform, open to all verified users.
- The project aims to raise $50M, valuing the network at $500M, with a minimum entry of $100.
- Participants deposit stablecoins to earn XPL tokens at $0.05 each, with better allocation for early and long-term deposits.
- Tether is a strategic backer, integrating USDT natively and enabling near-zero transaction fees.
- Backed by top investors and supported by crypto influencers, Plasma targets stablecoin holders seeking reliable yield.
ICO Plasma by Tether
It’s hard not to notice how the market is changing. More and more projects are moving away from private sales and approaching something that used to be called a “fair ICO.” Only now — with verification, control, and a real chance to get into top projects without connections.
Plasma is the first case to implement this new scheme. And it seems to be a genuinely new standard for legitimate projects.
Plasma is launching the XPL token sale on the new Sonar platform from Echo (founded by Cobie). Anyone who has passed verification can participate. The goal is to raise $50 million, which gives the entire network a valuation of $500 million, making this ICO one of the largest public sales in recent years.
How does the sale work?
- You deposit stablecoins (USDT, USDC, USDS, or DAI) into a special Plasma Vault.
- The earlier you deposit and the longer you hold — the more points you earn.
- 1 point = 1 XPL token, which you can buy at $0.05.
- You can withdraw your deposit before the end of the period, but your allocation will be reduced.
- After the fundraising ends (in about two weeks), there will be a 40-day lock-up.
- Then, the Plasma network launches, tokens are distributed, and the stablecoins become available for withdrawal.
- Minimum entry threshold — $100
That’s it. Essentially, you just hold your stablecoins for a couple of months, then receive tokens + your deposit back.
How much can you return from a $1,000 investment?
Total Raise – Project fundraising forecast
📌 The lower the total raise — the greater your share of tokens and higher your profit.
📌 The higher the token price on the market — the higher the final yield.
Why this ICO could be an opportunity for investors
- First project on Sonar — this means Echo (and Cobie) will definitely push it as a success case.
- Support from elite investors — the project has already passed their DD, which indirectly reduces risks.
- Fair distribution mechanics — no priority for funds, allocation is available on equal terms, and valuation is based on the latest round.
- Simple participation format — everything is done through Plasma’s web interface and Echo’s verification.
Who is this ICO for?
- Not for those hoping to make x20 from a few hundred dollars.
- This is more for those who already hold stablecoins and want to rotate them with a decent return.
- Suitable for those holding USDT while waiting for the market or a position — now there’s a chance to put them to work.
Who invested earlier?
Partners and investors are the project’s main advertisement. Here’s just part of the list according to DropsTab.com:
Framework Ventures — ROI 113x, 115 projects
Founders Fund (Peter Thiel) — participated in the latest round
Bitfinex — Lead investor
💡 Tether (through Bitfinex) didn’t just invest — they participated in the strategic round, and Tether CTO Paolo Ardoino joined the project’s advisory board.
This opens several key perspectives:
- USDT will be natively integrated into Plasma. Essentially, the number one stablecoin will be the network’s main asset.
- Transfer fees for USDT in Plasma — close to zero. This is a stated feature: fast and cheap transfers between wallets and protocols.
- Infrastructure from Tether — means trust. A company like this participating signals a serious bet on Plasma’s future as a platform for mass stablecoin payments.
Community support isn’t just talk
Top project followers on Twitter speak for themselves:
- Zhu Su — 629K followers
- Meltem Demirors — 270K+
- Andrew Kang (Mechanism Capital) — 381K
- Justin Sun — 3.8M (!)
- Santiago Santos — 127K
- Darren Lau — 158K
Such a lineup shows that the project interests not only investment funds but also key figures in crypto.
Plasma is a high-performance blockchain capable of processing thousands of transactions per second. It’s built on its own PlasmaBFT consensus, supports standard Ethereum contracts, but is geared toward stablecoin operations. The idea is to create a network where USDT and its peers function with near-zero fees — including instant transfers, DeFi integrations, and even a Bitcoin bridge.
Echo (Sonar platform) – an investment platform founded by crypto influencer Cobie (real name – Jordan Fish).
Echo is known as a leader in private investment infrastructure for early-stage projects and, in May 2025, launched a new product — Sonar — for public token sales. Plasma became the first project to hold a public tokensale. In this partnership, the Plasma team handles the sale (fund reception, token issuance, and distribution), while Sonar (Echo) ensures compliance — KYC/AML checks, jurisdictional filtering, and other conditions.
If you missed Solana or SUI, this might be your second chance. Of course, there are risks — this is crypto. But XPL has the tech, the partners, and the right approach. Not financial advice!