Transparency is a key part of the XPL (Plasma) public sale and refund mechanisms are clearly defined under MiCA compliance. Here’s how refunds work
Vault Deposits (Allocation Phase)
• Deposits are made in USDT, USDC, USDS, or DAI
• Users retain full control of their funds at all times
• Withdrawals are allowed anytime during the deposit period
• Funds are returned to the same wallet & same stablecoin
• Once the lock-up phase (minimum 40 days) begins, withdrawals pause
• After Mainnet Beta launch, deposits (converted to USDT) become withdrawable directly on Plasma
XPL Token Purchase (EU Residents)
• EU retail participants benefit from MiCA Article 13 protections
• Right to withdraw within 14 days of purchase
• No fees, no penalties, no reason required
• Refunds are processed without delay
• Returned via the same payment method used for purchase
Sale Cancellation Scenario
• If the issuer cancels the sale, all participants are automatically refunded
• Refunds processed within 14 days
• Paid back using the original stablecoin and wallet
Key Takeaway
Plasma’s refund framework prioritizes user custody, regulatory compliance, and fairness, offering strong safeguards for participants especially under the EU’s
