@Plasma #plasma $XPL 🧠 Core Purpose of XPL
XPL serves several key roles on its blockchain:
✅ 1. Gas / Transaction Fees
Users pay XPL to execute smart contracts and other operations on the Plasma network (similar to how ETH works on Ethereum). �
Coindesk
✅ 2. Staking & Security
Validators stake XPL in a Proof-of-Stake (PoS) system to secure the network, earn rewards, and validate transactions. �
Cryptohopper
✅ 3. Validator Rewards
Validators receive XPL incentives for keeping the blockchain running smoothly. �
Cryptohopper
✅ 4. Governance (Future)
In future stages, XPL holders may be able to vote on upgrades, protocol parameters, and other network decisions. �
CoinRank
🧱 About the Plasma Blockchain
Layer-1 chain: Built as a base blockchain rather than a token on another network. �
cointr.com
Stablecoin-first focus: Specially designed for fast, low-cost stablecoin transfers (e.g., USDT). �
Phemex
EVM-compatible: Works with Ethereum-style smart contracts and tools. �
Coindesk
High throughput and low fees: Designed to support global payments and financial applications efficiently. �
Phemex
🧾 Tokenomics (Supply & Distribution)
Total Supply: 10 billion XPL tokens. �
Coindesk
Circulating Supply: Around ~1.8 billion at launch. �
CoinRank
Allocation Examples:
Public sale: ~10%
Ecosystem growth: ~40%
Team and early backers: ~50% (with vesting schedules to limit sell-offs) �
Phemex
These supply rules are structured to support growth while preventing too much early dumping. �
Phemex
🚀 Why XPL Is Getting Attention
Plasma + XPL has attracted interest because:
Stablecoin infrastructure: Focus on moving dollars on-chain speedily and cheaply. �
Phemex
Institutional interest: Supported by notable crypto and finance players. �
CryptoNews
Zero-fee USDT transfers (in many cases): Plasma enables fee-free stablecoin sends for end users. �
Coindesk
Growing ecosystem: Exchanges listing XPL and promoting staking, trading, and integration. �
MEXC
On launch, XPL reached high market cap levels and has been actively traded on major crypto exchanges