Plasma founder: Team members have not sold any XPL, among whom 3 have previously worked at Blur/Blast
Oct 2, 2025 09:11:47
Plasma founder and CEO Paul Faecks stated on social media that there have been some rumors since the launch of XPL, and he hopes to clarify the facts:
- No team member has ever sold XPL. All investors and team members' XPL is locked for 3 years, with a 1-year cliff unlock period.
- Among the approximately 50-person team, 3 members have previously worked at Blur or Blast, and team members also come from Google, Facebook, Square, Temasek, Goldman Sachs, and Nuvei. To refer to the Plasma team as "ex-Blast" is equivalent to saying "ex" from any of the aforementioned companies.
- Plasma has not hired Wintermute as a market maker and has never signed any service contract with them. The information regarding Wintermute holding XPL is consistent with what Plasma and the public are aware of.