Khan7732

Open in app
Sign up
Sign in
Search

[ANN] Transition of XPLA Token Name and Symbol to CONX

CONX (ⓧ.ⓧ)
4 min read
·
Nov 2, 2025
Listen
Share

Building a Cultural Fintech Ecosystem
Becoming the Mainnet of Trust in an era where traditional assets and cultural industries are turning into digital assets.
TL;DR
The XPLA team proposes to rename the XPLA token, its symbol, and the brand identity of the chain to CONX.
This is not simply a name change. It is a strategic evolution that positions the network as a Mainnet of Trust for a new era where technology and finance come together as digital assets.
CONX (Culture = Connect) embodies our commitment to connecting every form of value across culture, finance, and technology. It will serve as a Cultural Fintech Mainnet that combines technological trust with a compliance-ready architecture, enabling institutional investors and traditional asset holders to safely execute digital asset transformations within a regulated framework.

1. Background
XPLA began as a Web3 gaming-focused mainnet, opening a new chapter in blockchain entertainment. Staying true to its slogan “Explore and PLAY,” XPLA built a foundation for the next generation of Web3 gaming, encouraging creativity, exploration, and play.
As the industry moves toward 2025, the Web3 landscape is shifting toward a New Era driven by AI and tokenized assets, with the center of gravity moving toward the intersection of technology, finance, and culture.
To stay ahead of this shift, XPLA is evolving beyond gaming to become a Cultural Fintech Mainnet — a network that bridges culture, technology, and capital in one connected ecosystem @Plasma #Plasma $XPL

Plasma is a Layer-1 blockchain built for high-volume stablecoin payments, offering fast, low-cost, and in some cases, zero-fee USD₮ transactions with full EVM compatibility. The platform provides stablecoin developers with integrated access to institutional-grade infrastructure, including card issuance, global on- and off-ramps, stablecoin orchestration, and advanced risk and compliance tooling, all delivered through vetted third-party providers.
What is XPL?
The native token of the network is XPL, which operates on the Plasma blockchain. XPL is used for network security through staking, validator incentives, and gas fees. The token has a total supply of 10 billion XPL, with approximately 1.8 billion XPL currently in circulation at the time of this publication.
Risk Statement
Before trading any crypto assets it is important to understand the risks. This overview is a starting point for you to perform your own research prior to investing in a crypto asset. 
No securities regulatory authority or regulator in Canada has evaluated or endorsed the Crypto Contracts or any of the crypto assets made available through the platform. 
Wealthsimple has performed an assessment of whether XPL can be supported by Wealthsimple’s platform, including whether XPL is a security and/or a derivative and is being offered in compliance with securities and derivatives laws @Plasma #Plasma $XPL

Making Stablecoins Truly Usable — Even Without Holding XPL
On most blockchains today, even sending USDT requires first acquiring ETH, BNB, or MATIC to pay for gas. This "prepare gas first" step is a major hurdle for many users.
Plasma takes a radically different approach: it allows gas to be paid by the protocol, or directly in USDT.
This is powered by Plasma’s core mechanism: the Paymaster. This module allows DApps, contracts, or even the network itself to sponsor gas fees for users. It also supports paying gas in any supported token. For example, if you want to mint an NFT, all you need is USDT in your wallet—no need to acquire XPL first.
This dramatically lowers the barrier to entry, especially for non-technical and Web2-native users.

High-Performance Infrastructure: PlasmaBFT + Sub-Second Finality
As a chain designed for high-frequency stablecoin usage, Plasma doesn’t compromise on performance. It uses PlasmaBFT, an improved variant of the HotStuff consensus protocol, aiming for sub-second block finality and 1,000+ TPS throughput.
On the execution layer, Plasma leverages Reth, a high-performance EVM implementation written in Rust, ensuring full compatibility with Ethereum. Developers can deploy Solidity contracts directly, and users can connect with MetaMask, OneKey, or any other EVM-compatible wallet without switching tools. @Plasma #Plasma $XPL

Stablecoins are one of the most important parts of crypto, but they've always had to live on blockchains that weren't built for them. This means users get stuck with high fees and a clunky experience just to send digital dollars. Plasma is here to change that. It's a new Layer 1 blockchain designed from the ground up for one thing and one thing only: to be the best possible home for stablecoins. By combining the rock-solid security of Bitcoin with the flexibility of Ethereum, Plasma is building a specialized financial rail for the future of payments.

Plasma Network successfully launched its mainnet beta on Thursday, September 25, 2025 at 8:00 AM ET, positioning itself as the 8th largest blockchain by stablecoin liquidity and the first blockchain purpose-built specifically for stablecoin infrastructure. The project raised $373 million in an oversubscribed public token sale (7x above the $50M target) and launched with $2 billion in stablecoin liquidity across 100+ DeFi partners including Aave, Ethena, Fluid, and Euler, marking one of the most significant blockchain launches of 2025. @Plasma #Plasma $XPL

The XPLA token is the native utility and governance asset for the XPLA blockchain, a Layer 1 platform initially focused on Web3 gaming and digital content, which later rebranded to CONX with a focus on cultural fintech. The mainnet was launched in August 2022, and the token migration from its predecessor, C2X, began in October 2022. 
Financial Snapshot
As of January 18, 2026, the live price of CONX is approximately $0.019. It has a market capitalization of around $16.97 million and a circulating supply of approximately 891.20 million out of a maximum total supply of 2 billion tokens. 
Key Insights
Platform Evolution: Originally known as XPLA and built by Com2Us, the platform was centered around "Play to Own" (P2O) gaming experiences and multimedia content. In late 2025, the token was rebranded to CONX to reflect a strategic shift towards cultural fintech, integrating real-world assets (RWA), security tokens (STO), and AI-generated content (AIGC) in a compliance-ready architecture.Technology: The blockchain is built using the Cosmos SDK and Tendermint consensus protocol, offering high speed, scalability, and EVM (Ethereum Virtual Machine) compatibility to attract a wide range of developers.Core Use Cases: The CONX token is primarily used for staking to secure the network, participating in governance (voting on network upgrades and proposals), and paying for transaction fees within the ecosystem.Ecosystem: The ecosystem includes platforms like XPLA GAMES for blockchain gaming, a secure wallet called XPLA Vault, and new cultural fintech platforms like CONX Pulse and CONX Origin.  @Plasma #Plasma $XPL