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The brand new cryptocurrency project Plasma (XPL) has responded to the allegations circulating on social media in recent days.
Rumors surrounding the XPL token urged that the group was once “made up of dilapidated Blast staff,” that “Tether CEO Paolo Ardoino invested finest $50,000,” and that “the group sold 800 million tokens.”
Plasma founder Paulie Punt denied these allegations one by one in his assertion:
- No token sale: Punt said that no group member sold XPL, all investor and group tokens are locked for 3 years, and there could be a cliff for the essential 365 days.
- Team historic previous: Punt said there are roughly 50 folks on the Plasma group, however explained that finest three of them previously worked at Blur or Blast. He moreover argued that the group comes from corporations admire Google, Fb, Sq., Temasek, Goldman Sachs, and Nuvei, adding, “If we were to listing our group as ‘ex-Blast,’ we must equally name it ‘ex-Google’ or ‘ex-Goldman Sachs.’”
- No connection to Wintermute: Punt said that they’ve under no conditions worked with Wintermute and admire under no conditions engaged in any market-making activities. He added that they’ve the identical data about Wintermute’s holdings on the XPL because the public.
The XPL brand had misplaced 17% of its value in the final 24 hours, however there was once a restoration following the trade rate bulletins.
Chart displaying the decline in XPL brand over the final week.
*Right here’s no longer funding advice.
