Plasma Launches First Public Sale Using Echo’s Sonar Infrastructure

Plasma, a blockchain designed for stablecoins backed by Bitfinex and Founders Fund, has announced the launch of its first public sale, leveraging Echo’s innovative token sale platform called Sonar. This marks a significant milestone as Plasma becomes the pioneering project to utilize Sonar for a public offering. 10% of the XPL supply will be available via this sale, priced at a $500 million fully diluted valuation.