Here’s a simple ~100-word summary of Plasma and its connection with Binance:
Plasma is a new Layer-1 blockchain focused on fast, low-cost stablecoin (like USDT) payments and yield products. It partnered with Binance to launch the Plasma USDT Locked Product on Binance Earn, where users could lock USDT to earn daily USDT rewards and become eligible for a share of 100 million XPL tokens (around 1 % of Plasma’s total supply) via an airdrop. The offering filled its $250 million cap within an hour of launch. XPL also became tradable on Binance’s spot market with multiple trading pairs. Plasma and Binance work together on stablecoin infrastructure and token distribution.
#@mmbtcholder If you want, I can explain how to check or trade XPL on Binance or what risks are involved with crypto products.
$XPL