@Plasma is a Layer 1 blockchain specifically designed for stablecoin payments. It solves the problems of high fees and slow speeds found in traditional blockchains. Plasma's main goal is to make digital dollar transactions fast, affordable, and scalable.
The $XPL token is an integral part of this network. It is not just a gas token; it is used to secure the network, pay transaction fees (in some cases, zero fees with USDT are possible), and participate in governance. The project combines Bitcoin's security mechanism with Ethereum's smart contract functionality to create a robust framework.
The XPL token is primarily designed to enhance the network's stability and efficiency, making it ideal for global payments and DeFi (Decentralized Finance) applications.
