🚀 Excited about what @Plasma is building! The innovation around scalable and efficient blockchain infrastructure truly sets it apart. With its focus on performance and interoperability, Plasma is empowering creators and users to experience next-level digital freedom.
📌 What is XPL?
Native token of the Plasma blockchain: XPL is used to power the network’s core functions the same way ETH fuels Ethereum or SOL fuels Solana. �
Cryptohopper
Utility: It’s used for transaction fees (gas) on the Plasma network (except simple stablecoin transfers), staking by validators who secure the network, and as rewards for participants who help validate blocks. �
coindesk.com +1
Consensus & Security: Plasma uses a proof-of-stake system — validators stake XPL to earn rewards and help maintain network integrity. �
Cryptohopper
🪙 Tokenomics & Distribution
Total supply: 10,000,000,000 XPL tokens. �
coindesk.com
Circulating supply: A portion is initially circulating (about 1.8 billion at launch). �
coindesk.com
Allocations:
Public sale (~10% of supply)
Ecosystem & growth initiatives (~40%)
Team and developers (~25%)
Early backers and partners (~25%)
Unlock schedules and vesting periods help manage supply growth over time. �
cryptonews.net
Inflation & fee burn: The network starts with inflation to reward validators (initially around 5 %), gradually decreasing to ~3 %. Plasma also uses a fee-burning model (like Ethereum’s EIP-1559) to help counter supply dilution. �
cryptonews.net
