Impossible Distribution Offering

Crypto Jones 06 Jun 2025

Join the Plasma XPL Token Sale via Impossible Finance

Impossible Finance is facilitating access to the XPL token public sale for Plasma, a Bitcoin sidechain designed for stablecoin transactions. We are not the issuer but a third-party platform, enabling participation by simplifying the process and reducing technical barriers, particularly for users facing high gas fees or fragmented liquidity.

Plasma features zero-fee USDT transfers, Ethereum Virtual Machine (EVM) compatibility, and Bitcoin-level security, with backing from Bitfinex, Tether, and Founders Fund, and partnerships with Yellow Card and BiLira.

Below, we outline the sale details and provide information about the Plasma project.

How to Participate via Impossible Finance

We’ve made joining the XPL token sale simple so you can focus on the opportunity.

Here’s how it works:

Stake on Impossible Launchpad

1. USDT Staking

Window: June 6, 2025, 12pm UTC to June 9, 2025, 10:00am UTC
Details: Stake USDT to earn an XPL allocation. Note that you will forgo any yield (e.g., interest or farming rewards) during the lock-up period. Your allocation is based on your pro-rata share of total deposits. Final allocations will not be known until the end of the campaign.
Lock-up: After staking, your USDT will be deposited and secured on the Sonar platform until the Plasma Token Generation Event (TGE), with a minimum lock-up of 40 days, subject to Sonar’s final terms.

We’ll securely withdraw your USDT to our multisig wallet and stake it into Plasma’s vault app.plasma.to to earn your XPL allocation, and we’ll purchase it once it becomes possible.

Purchase: USDT stakers do not need to manually purchase the allocation; the XPL tokens will be automatically acquired using the stablecoins they have staked.
Distribution: After the sale, your USDT and XPL tokens will be airdropped directly to your wallet (TBD).

📌Example Breakdown

Let’s say you stake 1,000 USDT and qualify for a 500 USDT allocation of XPL tokens.

Here’s how it works:

Total Staked: $1,000
Allocation Purchased Automatically: $500
Allocation Fee (10%): $50
Total Deducted: $550
Remaining Returned to Wallet: $450
Timeline: TBD

NOTE: If you stake your USDT you are not able to unstake your USDT until the sale ends (Minimum of 40 days) as mentioned above

2. IDIA Staking

Window: June 6, 2025, 12:00pm UTC to August 5, 2025, 11:00am UTC
Details: Impossible Finance will stake 1 million USDT in the Plasma pool on behalf of IDIA stakers to earn a portion of the XPL allocation. This allocation will be available for IDIA stakers to purchase with USDT after the staking period ends. Your allocation is based on your pro-rata share of total IDIA deposits. Final allocations will not be known until the end of the campaign.
Lock-up: After staking, Impossible Finance will stake their USDT on the Sonar platform until the Plasma TGE, with a minimum lock-up of 40 days, subject to Sonar’s final terms.
Purchase: IDIA stakers will need to purchase XPL tokens during the purchase period using USDT on BNB chain once the purchase period starts. The purchase period is TBD.
Distribution: After the sale, your XPL tokens will be airdropped directly to your wallet (TBD).

📌Example Breakdown

Let’s say you stake $1,000 worth of IDIA and qualify for a $500 USDT allocation of XPL tokens.

Here’s how it works:

Total Staked: $1,000 of IDIA
Allocation you need to purchase: $500
Allocation Fee (5%): $25
Total payment required: $525

Ready to lock in your allocation?

Visit https://app.impossible.finance/launchpad/project/161 and stake USDT or IDIA now!

XPL Token Sale Details (Not through Impossible Finance)

Here’s everything you need to know about the XPL public sale, facilitated by Sonar, on the echo platform

Description	Details
Token Ticker	XPL
Public Sale Hard Cap	$50 million
Token Price (Public Sale)	$0.05
Public Sale Valuation	$500 million (fully diluted)
Total Token Supply (TTS)	10 billion XPL
Sale Pool Allocated	1 billion XPL (10% of TTS)
Sale Format	Time-Weighted Staking via Sonar
Supported Deposit Assets	USDT, USDC, USDS, DAI
Lock-up (Non-U.S.)	40 days
Available Network	Plasma (Bitcoin sidechain)
Sector	Stablecoins, Bitcoin Sidechain, DeFi
KYC Requirements	Sanctioned users United Kingdom, China, Cuba, Iran, Russia, Syria, North Korea, and Ukraine will not be allowed to participate, subject to local laws and ongoing review.

Subscription Timeline (all times in UTC):

Phase	Date & Time
Opportunity Period (USDT)	June 6, 2025, 06:00 AM UTC to June 9, 2025, 10:00 AM UTC
Locking Period	At least 40 days (minimum)
Purchase Period	For USDT stakers, Automatically handled. FOR IDIA Stakers, Purchase Period TBD
Token Unlock & Claim Period	TBD (Dependant on Sonar Platform)

Note: Final vesting schedules, governance parameters, and exact unlock dates will be announced post-sale. The sale uses audited vaults (Spearbit, Zellic), securing over $2.6 billion in total value locked (TVL), ensuring your funds are safe.

⚠️ Important Risk Disclosure

By proceeding, you acknowledge and accept the following:

Impossible Finance facilitates participation in third-party token launch events by aggregating and deploying user-deposited USDT. Participation is subject to significant risks, including but not limited to:

Failure to participate in early deposit windows, resulting in no allocation.

Temporary custody and operational use of user funds by Impossible Finance for the purpose of executing user-directed participation, subject to process and execution risks;

Blacklisting, transaction failure, or exclusion from launchpad allocations due to third-party platform compliance and other policies and discretion;

Smart contract vulnerabilities associated with third-party platforms;

Smart contract vulnerabilities associated with tools, including but not limited to sniper bots;

Volatility and potential loss of value of the tokens acquired;

It is your sole responsibility to ensure that you are not located in, incorporated in, or otherwise associated with any jurisdiction restricted by the relevant third-party platform. Failure to comply may result in consequences including, but not limited to, loss of allocation and forfeiture of any associated funds, with no entitlement to refund or recourse. You agree to bear full legal liability for any consequences arising from non-compliance.

Impossible Finance does not guarantee allocation, performance, or return of funds. By participating, you are solely responsible for all associated risks and agree to be bound by the provisions in our Terms of Service.

Overview of Plasma

Plasma is a blockchain designed specifically for stablecoin transactions, with a focus on USDT (Tether), which has a circulating supply exceeding $140 billion. Unlike general-purpose blockchains such as Ethereum or Tron, Plasma operates as a Bitcoin sidechain and is compatible with the Ethereum Virtual Machine (EVM), allowing developers to use familiar Ethereum-based tools for application development.

Key Features of Plasma

USDT Transactions: Enables USDT transfers without transaction fees.
Transaction Capacity: Supports a high volume of transactions per second.
EVM Compatibility: Allows deployment of Ethereum smart contracts using tools like Solidity or Remix.
Bitcoin Integration: Transactions settle on the Bitcoin blockchain.
Applications: Facilitates use cases such as cross-border payments and decentralized finance (DeFi).

Plasma is comparable to other platforms like Rootstock (RSK), another Bitcoin sidechain, but it emphasizes fee-free USDT transfers and collaboration with Tether. In contrast, Ethereum often involves higher transaction fees, while Tron has faced concerns regarding centralization.

Context of Stablecoin Networks

The stablecoin market, valued at approximately $244.8 billion with significant monthly transaction volumes, supports digital payment systems. Stablecoins like USDT dominate, while others, such as USD1, are emerging. General-purpose blockchains like Ethereum and Tron may experience congestion or higher costs for stablecoin transactions, prompting the development of specialized platforms like Plasma.

Plasma is supported by entities including Bitfinex, Tether, and Founders Fund, and has partnerships with organizations like Yellow Card and BiLira to extend its presence in regions such as Africa and the Middle East. It aims to accommodate USDT and potentially other stablecoins.

Comparison to Other Platforms

SKALE: Offers zero gas fees but is not tailored specifically for stablecoins.
Polygon: Provides fast transactions but typically involves fees.
Rootstock (RSK): Similar as a Bitcoin sidechain but lacks Plasma’s focus on fee-free USDT transfers.

Using Plasma

For Users: Access Plasma via app.plasma.to using a wallet like MetaMask to transfer USDT or explore decentralized applications (dApps).
For Developers: Build EVM-compatible smart contracts using Solidity or Remix and utilize Plasma’s tools for payment or DeFi applications.
For Interested Parties: A token sale for XPL, Plasma’s native token, is available through Impossible Finance. XPL supports the network’s consensus, EVM execution, and Bitcoin bridge.

XPL Token Sale Information

The XPL token sale is facilitated by Impossible Finance. Plasma is a blockchain focused on stablecoin transactions, featuring fee-free USDT transfers, Bitcoin settlement, and EVM compatibility. It is backed by Bitfinex, Tether, and Founders Fund, with partnerships to support its global adoption.

For further details, visit https://app.impossible.finance/launchpad/project/161.