#plasma $XPL

Plasma (XPL) is a new Layer-1 blockchain and native token designed for fast, low-cost stablecoin payments and Web3 applications. It’s EVM-compatible, meaning developers familiar with Ethereum tools can build on it, and it includes features like zero-fee USDT transfers and a trust-minimized Bitcoin bridge for bringing BTC into smart contracts as pBTC. The network uses its own PlasmaBFT consensus to achieve high throughput and quick finality. �

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The XPL token is the core economic unit of the Plasma network. It’s used to:

Pay transaction fees on the Plasma chain

Stake and secure the network through validators

Delegate to earn rewards

Incentivize ecosystem growth and governance participation �

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Binance Involvement

Binance has played a significant role in Plasma’s launch and early distribution:

HODLer Airdrop: Plasma XPL was featured as the 44th project in Binance’s HODLer Airdrop Program. Users who held and subscribed BNB in Binance’s Simple Earn or On-Chain Yields between specific dates were eligible to receive free XPL tokens before trading began. A total of about 75 million XPL (≈0.75 % of the initial supply) was allocated for this program. �

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Spot Listing: XPL officially launched for trading on Binance on September 25, 2025, with pairs including USDT, USDC, BNB, FDUSD, and TRY. The listing came with a “Seed Tag,” indicating it was a new and early-stage project with high volatility risk. �

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USDT Yield Product: Binance also partnered with Plasma to launch a USDT Locked Product on its On-Chain Yields platform, where users could deposit USDT to earn daily rewards and become eligible for an XPL airdrop (100 million tokens, ~1 % of total supply). This program hit its $250 million cap in under an hour after launch, signaling strong investor demand. �

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Why It Matters

Plasma’s focus on stablecoins — especially zero-fee transfers of USDT — positions it uniquely among new blockchains targeting real-world payments, remittances, and DeFi use cases. $XPL