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News Explorer — Are ICOs Back? Bitcoin Sidechain Plasma Sees $500 Million in Deposits for Token Sale

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Jun 9, 8:56 pm
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Are ICOs Back? Bitcoin Sidechain Plasma Sees $500 Million in Deposits for Token Sale

Plasma attracted $500 million in stablecoin deposits within minutes for its upcoming token sale, with one user spending $100,000 on Ethereum gas fees to expedite the process. The public sale, oversubscribed by 10x, signals a potential resurgence of initial coin offerings in the crypto market.

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