@Plasma #plasma $XPL The XPL token serves several core functions on the Plasma network: �
CoinDesk +1
🔹 Gas for Transactions & Smart Contracts — XPL is used to pay fees when interacting with the blockchain (similar to ETH on Ethereum).
🔹 Staking & Security — Validators stake XPL to secure the network and process transactions.
🔹 Rewards — Validators are rewarded in XPL for maintaining consensus.
🔹 Governance — Token holders can participate in decisions related to network upgrades and parameters. �
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🧾 Tokenomics (Supply & Distribution)
Plasma’s tokenomics are designed to balance ecosystem growth with long-term stability: �
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📌 Maximum Supply: 10 billion XPL
• 40% (4 B) – Ecosystem & growth initiatives
• 25% (2.5 B) – Team allocation (vested)
• 25% (2.5 B) – Investors (vested)
• 10% (1 B) – Public sale / community tokens �
LBank
Vesting & Lockups:
• Team & investor tokens are subject to a cliff and multi-year linear vesting schedule.
• A portion of ecosystem tokens unlocks gradually to support liquidity and partnerships. �
LBank
🚀 Network Features & Vision
✨ Stablecoin-First Infrastructure
Plasma lets users send stablecoins such as USDT with zero basic fees, lowering friction for both retail and institutional use. �
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✨ EVM Compatibility
Developers can deploy Ethereum-style smart contracts using familiar tools (e.g., MetaMask, Hardhat). �
CoinCatch
✨ High Throughput & Low Latency
Sub-second finality and high transactions per second make it suitable for payments, remittances, and DeFi. �
NFT Evening
✨ Backed by Major Projects
The network has attracted partnerships and integrations with Tether (USDT), Bitfinex, and many DeFi protocols (like Aave, Ethena, and Euler). �
Crypto News
📈 Launch & Market Reception
XPL launched (mainnet beta) on September 25, 2025, with trading available on major exchanges like Binance and OKX. Early trading saw notable price movement and significant liquidity locked in stablecoins on the Plasma chain. �
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⚠️ Risks & Considerations
Like all crypto assets, XPL comes with volatility risk. After launch, the token experienced price swings and community discussion about sell-pressure and liquidity dynamics. Always do your own research (DYOR) before investing. �
$BNB $XPL