Plasma attracted $373 million in the oversubscribed Token sale.

PANews, July 28 news, according to CoinDesk reports, the blockchain project Plasma focused on stablecoins has completed its public token sale, raising $373 million, more than seven times its $50 million target. According to existing data, this sale has led to an oversubscription of about $320 million, aiming to redeem approximately $209,000 of unsubscribed XPL. The token is expected to be issued within 40 days, and the refunds for the oversubscription funds will also be processed in the near future. Tokens for American investors will face a 12-month lock-up period, while for the rest of the world, XPL will be unlocked upon issuance.