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Gate Launchpad is set to open subscriptions for the new project Plasma (XPL), accepting GUSD with a minimum single subscription of 10 GUSD. The subscription price is fixed at 1 XPL = 0.35 GUSD, and the Launchpad has allocated a total subscription quota of 3,000,000 XPL, according to official sources.
The subscription period runs from September 23, 2025, 21:30 to September 25, 18:00 (UTC+8). Allocations will be determined pro rata based on investors’ contribution and trading levels between August 24, 00:00 and September 25, 16:00 (UTC+8), with higher trading volume potentially increasing individual subscription quotas to balance broad participation and loyalty incentives.
Per the official timetable, XPL tokens will be distributed uniformly within 2 hours after subscription close, and official spot trading is scheduled to commence at 21:00 on September 25 (UTC+8), reflecting the platform’s stated settlement and listing procedures.
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