Plasma founder: No team members have sold any XPL, and three of them previously worked at Blur/Blast.
ChainCatcher News, Plasma founder and CEO Paul Faecks stated on social media that since the launch of XPL, there have been some rumors, and he would like to clarify the facts:
- No team member has ever sold XPL. All XPL held by investors and the team is locked for 3 years, with a 1-year cliff unlocking period.
- Among the team of about 50 people, 3 have previously worked at Blur or Blast. Team members also come from Google, Facebook, Square, Temasek, Goldman Sachs, and Nuvei. Calling the Plasma team "ex-Blast" is equivalent to saying they are "ex" any of the above companies.
- Plasma has not hired Wintermute as a market maker, nor has it ever signed any service contract with them. Regarding information about Wintermute holding XPL, Plasma's knowledge is the same as that of the public.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Qatar Energy chief refutes Besent: The Strait of Hormuz will never be "worthless"
Qatar's Minister of Energy, Saad Al Kaabi, stated that US Treasury Secretary Scott Besent's claim that the Strait of Hormuz will become "worthless" within two years is "incorrect."
Stacks crypto jumps 13% – Could STX bulls extend the price rally?
Tom Lee predicts the S&P 500 could surpass 8,200 points by the end of the year

Michael Saylor, BlackRock, Metaplanet, and Strive purchase Bitcoin
