#plasma @Plasma $XPL The XPL token is a cryptocurrency designed to fuel a decentralized ecosystem. It serves as a utility token within its platform, enabling a wide range of functionalities such as transactions, governance, and incentivizing participation. XPL is typically used for staking, securing the network, and rewarding users who contribute to the platform's growth and development.
It might also offer features like governance, where token holders can vote on important protocol updates or decisions related to the ecosystem. XPL may be integrated into decentralized applications (dApps) built on its blockchain, supporting low-cost and efficient transactions
