Plasma (XPL) is a Layer 1 blockchain focused on stablecoin payments, aiming to provide fast, cheap, and secure transactions. Its main purpose is to enable gas-free stablecoin transfers, making it attractive for everyday users. The XPL token is used for security, staking, and paying fees within the network ¹ ² ³.
Key Features:
- EVM Compatibility: Plasma is compatible with Ethereum's smart contracts, making it easy for developers to migrate or copy apps.
- Stablecoin Focus: Designed specifically for stablecoins like USDT, Plasma aims to make sending stablecoins as easy as sending a message.
- Bitcoin Integration: Plasma has a bridge for BTC and regularly writes its state into the Bitcoin network for extra security.
- Zero-Fee USDT Transfers: Plasma enables gasless USDT transfers via a paymaster, making it user-friendly.
- Custom Gas Tokens: Supports paying fees in stablecoins or XPL.
Tokenomics:
- Total supply: 10 billion XPL tokens
- Allocation: 40% ecosystem growth, 25% team/investors, 10% public sale
- Staking and governance participation incentivized$XPL
Recent Developments:
- Launched mainnet beta with $2 billion in stablecoin liquidity
- Integrated with over 100 DeFi protocols, including Aave and Ethena
- Acquired VASP license in Italy and applying for MiCA and EMI licenses
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Would you like to know more about Plasma's roadmap or its potential use cases?