# Plasma Launches Mainnet Beta with Surprise $10k Bonus

*Author: Bankless*
*Published: Sep 25, 2025*
*Source: https://www.bankless.com/read/news/plasma-launches-mainnet-beta-with-surprise-10k-bonus*

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Plasma conducted its TGE and launched mainnet beta on Thursday, debuting the XPL token and handing every single pre-deposit ICO participant a surprise ~$10k worth of tokens, even those who never actually bought in.

### What’s the Scoop?
- **The Launch:** Plasma’s mainnet beta went live alongside the XPL token. CEO Paul Faecks [called](https://x.com/pauliepunt/status/1971197418881663139) it “just the beginning” of the team’s vision for a stablecoin-first blockchain.
- **The Valuation:** XPL briefly peaked at $1.54 before settling around $1. That puts its fully diluted valuation at $1oB, a massive jump from the prior $500M valuation that makes XPL the 73rd largest crypto asset by market cap.
- **The Bonus:** Plasma confirmed it allocated 25M tokens to be split evenly among all pre-depositors, equating to 9,304 XPL. That means whether someone deposited $1 or $10,000, they got the same $10k gift.
- **The Investors:** Backers include Tether CEO Paolo Ardoino and PayPal co-founder Peter Thiel, who are also advising the project.

> Even if you deposited $1 into the [@PlasmaFDN](https://twitter.com/PlasmaFDN?ref_src=twsrc%5Etfw) Pre-Sale you received an additional 9,304 [$XPL](https://twitter.com/search?q=%24XPL&src=ctag&ref_src=twsrc%5Etfw) tokensThe team at Plasma is making sure their small supporters eatImagine investing $10 & getting $9,000 in return as a reward for trusting the teamWe need more launches like this🫡 [pic.twitter.com/nX6odhTzUK](https://t.co/nX6odhTzUK)— ₿🧞‍♂️ (@BR4ted) [September 25, 2025](https://twitter.com/BR4ted/status/1971200309327536268?ref_src=twsrc%5Etfw)
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