@Plasma
🚀 What is the XPL token?
The XPL token is the native asset of the Plasma blockchain, a layer 1 (Layer-1) blockchain designed primarily for fast, efficient, and low-cost payments and transfers with stablecoins like USDT. Plasma aims to become the foundational infrastructure for moving digital money globally.
🌐 Main features of XPL
🔹 Gas for transactions: XPL is used to pay fees when interacting with the Plasma network (although some stablecoin transfers may be 'gasless').
🔹 Staking and security: It maintains the consensus and security of the protocol through Proof-of-Stake.
🔹 Rewards: Validators receive XPL as an incentive for participating in the network.
🔹 Ecosystem growth: Part of the supply is used to incentivize liquidity and adoption.
It's somewhat like ETH on Ethereum or SOL on Solana, but focused on facilitating the real use of stablecoins within a scalable network compatible with the Ethereum Virtual Machine (EVM #Plasma $XPL