the Plasma blockchain — a new Layer-1 proof-of-stake (PoS) network built to support stablecoin-first digital money infrastructure, fast transactions, and scalable smart contracts. �

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📌 Core Purpose of XPL

🔹 Gas & fees: Used to pay for transactions and smart contract execution on Plasma (similar to how ETH works on Ethereum). �

🔹 Staking & security: Validators stake XPL to secure the network and earn rewards. �

🔹 Rewards: Validator and participant incentives are paid in XPL. �

🔹 Governance: XPL holders can participate in decisions about protocol upgrades and future parameters. �

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Cryptohopper

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Bitget

Plasma also supports gasless transfers for simple USDT stablecoin transactions — meaning basic stablecoin moves don’t require XPL for fees, but more complex operations (like contracts and DeFi interactions) do. �

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💰 Tokenomics

Total supply: 10,000,000,000 XPL (10 billion