Sonar Launches ICO with Plasma Seeking $50M 🚀
Sonar, an ICO platform by Jordan Fish (Cobie), has launched featuring Plasma's initial token sale. Plasma offers 10% of its XPL token supply to raise $50 million at a $500 million valuation. The sale excludes UK and sanctioned jurisdictions and imposes a lockup period on U.S. participants. To participate, users deposit stablecoins into a Plasma vault. Plasma, a blockchain for stablecoins, aims to support the stablecoin economy with innovations like zero-fee USDT transfers and integrations with DeFi protocols.
FAQ
❓ What is Sonar's first ICO?
Sonar's debut ICO is Plasma, aiming to raise $50M with a $500M valuation.
❓ How can I participate in the XPL token sale?
Participants deposit stablecoins into a Plasma vault on Ethereum for a share in the XPL token sale.