Binance has added Plasma (XPL), a brand new Layer-1 (L1) blockchain optimized for world stablecoin funds, because the forty fourth mission on its HODLer Airdrops web page.
The transfer comes forward of the token’s spot buying and selling debut on September 25, 2025, giving eligible BNB holders early entry to XPL rewards.
Plasma Joins Binance HODLer Airdrops Amid XPL Itemizing Plans
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The Binance exchange’s HODLer Airdrops program rewards long-term BNB holders retroactively. Customers don’t must take further actions after subscription.
Primarily based on this, Binance customers who subscribed their BNB to Easy Earn (Versatile and Locked) or On-Chain Yields between September 10 and 13 are eligible for Plasma’s HODLer Airdrops.
Key highlights within the announcement embody a reward pool of 75 million XPL (0.75% of the entire provide). This shall be distributed to identify accounts no less than an hour earlier than buying and selling commences.
Additional, as much as 50 million XPL in advertising allocations can be found after itemizing. There may be additionally a further 150 million XPL six months later.
Plasma is an EVM-compatible L1 blockchain designed for high-volume, low-cost stablecoin transactions.
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Positioned as a payments-focused community, it enters a crowded subject of Layer-1 blockchains competing for transaction throughput and adoption by issuers of digital {dollars} and different steady belongings.
Based on the announcement, Plasma may have a genesis provide of 10 billion tokens. On day one, 1.8 billion XPL (18%) will even be circulating.
The token follows an inflationary mannequin, with 5% of provide slated for launch in 12 months one, regularly declining by 0.5% yearly till stabilizing at a 3% flooring.
The announcement additionally revealed Binance’s plans to record Plasma’s XPL token for spot trading, beginning September 25 at 13:00 UTC.
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“[Token pairs to be supported include] XPL/USDT, XPL/USDC, XPL/BNB, XPL/FDUSD, and XPL/TRY,” Binance stated.
Nonetheless, deposits for XPL and USDT will go reside at this time, September 24, whereas withdrawals shall be enabled after buying and selling begins.
Plasma’s USDT Integration Highlights Binance’s Stablecoin Technique, However Sustainability Questions Linger
Binance additionally indicated an openness to instantly supporting USDT deposits and withdrawals on the Plasma Community. Given Plasma’s stablecoin-centric focus, this represents a major integration.
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Plasma will initially seem on Binance Alpha, the change’s pre-listing pool, however shall be delisted as soon as spot markets go reside.
Binance’s choice to highlight Plasma displays the change’s continued push into stablecoin infrastructure. The sector continues to attract regulatory and institutional focus underneath frameworks like Europe’s MiCA (Markets in Crypto Assets).
By supporting itemizing and USDT integration on Plasma, Binance is successfully trying towards payment-focused blockchains capturing the following wave of settlement flows.
Nonetheless, XPL’s inflationary provide mannequin and heavy reliance on advertising campaigns additionally current dangers.
With 200 million tokens allotted for promotions within the first six months, Plasma’s greatest problem shall be sustaining demand past exchange-driven liquidity.