The new cryptocurrency project Plasma (XPL) is responding to recent allegations circulating on social media.
Rumors surrounding the XPL token suggest that the team is “comprised of former Blast employees.”
Plasma founder Paulie Pant denied each of these allegations in his statement.
- No token sales: PUNT said that team members are not selling XPL and all investors and team tokens have been locked for three years, and there is a cliff in the first year.
- Team History: Punt said there are about 50 people on the plasma team, but explained that only three people previously worked for Blur or Blast. He also claimed that the team comes from companies like Google, Facebook, Square, Temasek, Goldman Sachs and Nuvei, adding that “we should call our team equally “Ex-Google” or “Ex-Goldman Sachs.”
- There is no connection to WinterMute: Punt said he has never worked with WinterMute and has never engaged in market decision activities. He added that they have the same information as the public about WinterMute holdings regarding XPL.
XPL prices have lost 17% of their value in the last 24 hours, but they have recovered following the announcement of exchange rates.
A chart showing the decline in XPL prices last week.
*This is not investment advice.
