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The XPLA token is the native utility and governance asset of the XPLA blockchain, a Layer 1 platform designed as a global content hub for Web3 gaming, entertainment, and digital media. The mainnet was launched on August 19, 2022. @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

#plasma $XPL Plasma is a Layer 1 blockchain designed specifically for global stablecoin payments. The protocol introduces features such as zero-fee USDT transfers, support for custom gas tokens, and a native Bitcoin bridge that allows BTC to be used within smart contracts.

Plama is secured by PlasmaBFT, a consensus mechanism that provides fast transaction finality and supports the high throughput required for payment-focused applications. The network is EVM-compatible, enabling developers to deploy Ethereum-based smart contracts with minimal effort.

How Plasma Works 

PlasmaBFT Consensus 

Plasma uses PlasmaBFT to secure its network, a consensus mechanism based on the Fast HotStuff Byzantine Fault Tolerant (BFT) protocol. HotStuff is a modern consensus method that helps blockchains stay secure even if some participants misbehave, and the Fast version reduces the amount of communication needed between validators.

PlasmaBFT builds on this idea by executing steps like proposing, voting, and confirming blocks in parallel rather than sequentially. This design enhances block production speed and enables transactions to be finalized in seconds, facilitating quicker settlement for Plasma.  @Plasma #Plasma $XPL