Plasma's Unique Airdrop Strategy Shakes Up Crypto

Plasma, a stablecoin-focused blockchain venture backed by Peter Thiel, launched its mainnet beta on September 25th and made waves with its unconventional airdrop approach. Instead of rewarding participants proportionally to their initial investment, Plasma distributed a fixed $8,390 worth of XPL tokens to every pre-deposit ICO member.

This means someone who contributed just $1 received the same reward as someone who deposited $10,000. The total allocation amounted to approximately $25.5 million.

Community Reacts

The community response has been largely positive, with users on X (formerly Twitter) praising Plasma's commitment to its smaller investors. Some speculate the move will generate significant FOMO (fear of missing out).

XPL Token Performance

Plasma's native token, XPL, experienced initial volatility, trading from $1.54 down to $0.91 before recovering to around $1.09 at the time of reporting. Despite this, the coin's fully diluted valuation remains significantly higher than its original price.

Plasma's Offerings

Alongside the mainnet launch, Plasma introduced Plasma One, a stablecoin-native neobank offering a debit card with 4% cashback, settled directly on the Plasma blockchain.

Plasma also partnered with Binance Earn, achieving a $1 billion subscription cap for their on-chain Plasma USD₮ product, marking a significant milestone for the exchange.

Key Takeaways

• Plasma launched its mainnet beta with a unique airdrop strategy, distributing equal rewards to all ICO participants.
• This approach prioritizes smaller investors and aims to foster a strong community.
• The launch was accompanied by the introduction of a stablecoin-focused neobank and a successful Binance Earn campaign.
• Paul Faecks, CEO of Plasma, envisions stablecoins as "Money 2.0" and aims to make them accessible globally.

In late May 2025, Plasma revealed it has teamed-up with Peter Thiel-backed VC firm Founders Fund to further develop that relationship and expand the use of stablecoins.