Bitrue Announces PLPA Launchpool Event, Stake XRP, USDT, or BTR to Win 300,000 PLPA Tokens

Join Bitrue's PLPA Launchpool event and stake XRP, USDT, or BTR for a chance to win 300,000 PLPA tokens! Learn about Palapa's benefits and how you can earn rewards by participating in this exclusive event from November 8-12, 2024.

Crypto exchange Bitrue announces the launch of a Palapa (PLPA) launchpool event, offering participants a chance to earn up to 300,000 PLPA tokens.

The event is open to all Bitrue users who stake XRP, USDT, or BTR tokens during the event period, which runs from 8–12 November 2024.

To participate, users must register on Bitrue and complete the verification process. They can then stake the specified tokens to earn entries into the prize pool.

PLPA is an Indonesian native token issued by a local crypto exchange called Bittime. The token features discounted trading fees, airdrops for new coins, free deposits to withdrawal discounts, staking APY boost, and more.

According to the Palapa roadmap, the token is currently developing features where users can earn income from staking, planning super airdrops, and increasing staking APY.

The total supply of PLPA is 10 billion tokens, which will be distributed as follows:

1. Community Rewards: 5%

2. Team: 20%

3. Early Investors: 15%

4. Public Sale: 10%

5. Ecosystem Development: 20%

6. Treasury for Staking Incentives: 30%

Currently, around 30-60% of Palapa tokens have been distributed with the release of 30% staking liquidity.