Key Takeaways
- Plasma is a blockchain platform designed specifically for stablecoin payments, offering zero-fee USD₮ (Tether) transactions, built as a Bitcoin sidechain with full Ethereum Virtual Machine (EVM) compatibility, aimed at enhancing scalability and efficiency for stablecoin transactions.
- Plasma raised $24 million across Seed and Series A rounds, led by Framework Ventures, with participation from Bitfinex, Tether CEO Paolo Ardoino, Peter Thiel, and others, to support its testnet and mainnet launches and expand into remittances, payments, and DeFi applications.
Disclaimer: Crypto airdrops are promotional events where tokens are distributed to existing holders of a cryptocurrency or to individuals who meet certain criteria. While airdrops can be a way to acquire tokens at no cost, they also involve risks. There’s no guarantee that the airdropped tokens will increase in value, and there may be associated fees or requirements. Additionally, airdrops can be susceptible to scams and phishing attempts. Always exercise caution and verify the legitimacy of any airdrop opportunity before participating.
What Is Plasma?
Plasma is a crypto startup focused on building a Bitcoin-based blockchain for stablecoin transactions.
Notably, the project raised $24 million in a Series A funding round led by Framework Ventures and Bitfinex, with participation from investors like Peter Thiel, Tether CEO Paolo Ardoino, DRW/Cumberland, Bybit, Flow Traders, Nomura, and 6th Man Ventures.
The funds, including a $4 million seed round, will support the development of a scalable, fee-free sidechain compatible with the Ethereum Virtual Machine, aimed at enhancing stablecoin efficiency for payments, remittances, and decentralized finance.
Founded by Paul Faecks, Plasma seeks to address high fees and scalability issues in existing blockchains, positioning itself as a leading infrastructure for the growing multi-trillion-dollar stablecoin market.
How To Qualify For An Airdrop?
To join:
👉 STEP 1: Head over to https://discord.com/invite/plasmafdn to join their Discord server.
👉 STEP 2: Create content about Plasma on X and share the link in the #Contribution channel. Make impactful content so you can earn the SC Contributor Role.
👉 STEP 3: Head over to https://app.galxe.com/quest/plasma/GCCoot1Qph and finish all tasks.
👉 STEP 4: Keep an eye on official announcements and hope for the best!
Final Thoughts
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