Peter Thiel-Backed Plasma (XPL) configured to be listed in Binance and OKX

XPL, the native token for Layer 1 Blockchain Project Plasma, is set up to be listed in multiple exchanges, including Binance and OKX later today.

In a recent announcement, Binance said the Alpha platform will be the first platform to feature an XPL token on Sep. 25. Following the list in the Spotlights section, we will secure a complete spot list for the main Binance platform at 13:00 UTC with Seed Tag applied.

The list is set to match the TGE and MainNet Beta launches of the project that takes place on the same day.

In addition to Binance, major exchanges that list tokens include OKX, BYBIT, BITGET, and GATE.

According to Plasma’s Tokenomics, TGE sets Genesis Supply to 10 billion XPL tokens, circulating 1.8 billion tokens initial circular supply, or 18% of the Genesis supply at the time of its Binance list.

However, it should be noted that the plasma follows an inflation model in which the supply of maximum tokens is not capped. Inflation starts at 5% of initial supply in the first year and gradually decreases until it reaches a minimum of 3%.

As part of the Binance list, Community Airdrops has been allocated a total of 75 million XPL tokens through the Binance Hodler Airdrops program.

You might like it too: Flare (FLR) confirms bullish crossover targeting rallies with a price of 20%

Additionally, another 100 million XPL token (1% of Genesis Supply) is reserved as a reward for users who register with Plasma USDT Lock products with on-chain yields from Binance Aned.

Tonomics data also shows that from Genesis supply, 1 billion tokens were allocated to public sales, with 40% set aside for ecosystem growth and strategic initiatives. The remaining supply is distributed between teams, investors and other strategic allocations.

Plasma is a Stablecoin-Native Layer-1 blockchain designed to provide instant, unpaid payments and scalable Defi infrastructure for USDT and other digital dollar assets. The network combines elements of Bitcoin’s security model with EVM compatibility to enable both secure payments and programmability of smart contracts.

The project was launched in 2024 and had a vision to make Stablecoin transactions as seamless as digital messaging. Since then, it has expanded to a broader ecosystem, including consumer products such as Plasma One, Stablecoin-based Neobank and Payments Super-App.

Currently, Plasma bootstraps fluidity and adoption, supporting fast and cost-effective transfers, yield-based equipment such as Maple’s Syrupusdt, and integration with Defi protocols. Its infrastructure is designed to target emerging markets where stable rocks are widely used as a store of exchange values ​​and media.

The project has been supported by well-known investors including venture capitalist Peter Tiel’s Founder Fund, Framework Venture, Bitfinex, Laser Digital and Bibit.

In addition to Thiel himself, some of the early supporters of the project include Tether CEO Paolo Ardoino and Cobie and Zaheer Ebtikar of Crypto Hedge Fund Split Capital.

XPL is a native token that powers the plasma ecosystem through staking, governance, validator incentives and community rewards.

Looking ahead, Plasma aims to scale to global payments and Defi infrastructure layers through the Plasma One Super-App. Project developers are advertising it as a card offering Stablecoin-Native Neobank and Stablecoin rewards, offering zero Fee USDT transfers and Stablecoin rewards among other benefits.

read more: uxlink hack: Token swap plans advance as protocols prepare compensation