he Plume ($PLUME ) token is the native cryptocurrency for the Plume Network, a modular, EVM-compatible blockchain (often described as a Layer 2 or Layer 1) that is purpose-built for the tokenization of Real-World Assets (RWAs).

Here is a summary of the Plume token and its ecosystem:

1. What is Plume Network?

Focus: Bridging traditional finance (TradFi) and decentralized finance (DeFi) by making real-world assets (RWAs) like real estate, commodities, credit, and private equity tradable on-chain as digital tokens.

Technology: It is a modular, EVM-compatible chain built on the Arbitrum Nitro stack, aiming for high compatibility with Ethereum and a compliant environment for tokenized securities. A recent highlight includes its approval by the U.S. Securities and Exchange Commission (SEC) as a registered transfer agent for tokenized securities.

2. Utility of the PLUME Token

The PLUME token serves several key functions within its network ecosystem:

Transaction Fees: Used to pay for gas fees and other transaction costs on the Plume Network.

Staking: Holders can stake PLUME to participate in securing the network and in return, earn PLUME rewards.

Governance: PLUME holders have the right to vote on proposals and decisions regarding the future upgrades and changes to the network protocol.

Incentives: Used to reward participants for various ecosystem activities, such as referrals and community engagement.

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