#plasma $XPL Native Token on the Plasma Layer-1 network. The primary goal and purpose of the project Plasma is a Layer-1 blockchain network designed to enable high-speed and low-cost stable cryptocurrency payments worldwide. The main applications of the XPL token Transaction fees (Gas Fees): XPL is utilized to cover operational fees within the network. Network assurance: Developers and validators can leverage XPL in the Proof of Stake (PoS) mechanism to validate transactions and ensure network security. In essence, XPL serves a similar purpose to ETH on the Ethereum network or SOL on the Solana network, acting as a foundational token for operational fees, future governance, and network security. Developers and support There is currently no verified information available regarding specific developers involved; however, the project has garnered backing from notable investors and companies, including Peter Thiel, a well-known tech investor. This suggests substantial financial and technical support during the project's initial phases. Token units (Tokenomics) Main distribution 40% (4 billion) allocated for growth and development within the network. 25% (2.5 billion) designated for founders, developers, and employees (subject to a vesting period). Some tokens (such as 75 million XPL) have been distributed through an Airdrop. $XPL XPL 0.1439 +0.41%