Plasma public subscription funds exceeded US$373 million, oversubscribed by 7 times

Odaily Planet Daily News: The stablecoin blockchain project Plasma has completed its public token sale, with subscriptions exceeding $373 million and oversubscriptions exceeding 7 times. Data shows that the sale has resulted in an oversubscription of approximately $320 million, aimed at redeeming unsubscribed XPL worth approximately $209,000. The token is expected to be issued within 40 days, and the refund of oversubscribed funds will also be processed in the near future. In addition, the tokens of US investors will face a 12-month lock-up period. (CoinDesk)