#plasma $XPL
1. Own blockchain PlasmaChain with dPoS (delegated proof of stake) consensus algorithm.
2. Energy projects: investments in renewable energy and oil and gas sector, particularly in Canada.
3. Business platform: tools for creating applications (dApps), smart contracts, and integrating real assets into the blockchain.
4. Own credit card and bank.
The idea was that the value of the XPL token would be supported by profits from real business, and token holders would be able to receive dividends.
Problems and controversies
The project quickly faced a wave of criticism and suspicion:
· Opacity: Information about the actual beneficiaries and specific locations of energy assets was vague.
· Grand promises: Stories of huge profits and revolutionary technologies were not backed by public audits or verified reports.
· Allegations of a Ponzi scheme: Many analysts and members of the crypto community noted the similarity of the model to a financial pyramid, where payments to old investors come from the funds of new ones.
· Listing issues: The token was mostly traded on obscure exchanges, making its liquidation difficult.
1. Own blockchain PlasmaChain with dPoS (delegated proof of stake) consensus algorithm.
2. Energy projects: investments in renewable energy and oil and gas sector, particularly in Canada.
3. Business platform: tools for creating applications (dApps), smart contracts, and integrating real assets into the blockchain.
4. Own credit card and bank.
The idea was that the value of the XPL token would be supported by profits from real business, and token holders would be able to receive dividends.
Problems and controversies
The project quickly faced a wave of criticism and suspicion:
· Opacity: Information about the actual beneficiaries and specific locations of energy assets was vague.
· Grand promises: Stories of huge profits and revolutionary technologies were not backed by public audits or verified reports.
· Allegations of a Ponzi scheme: Many analysts and members of the crypto community noted the similarity of the model to a financial pyramid, where payments to old investors come from the funds of new ones.
· Listing issues: The token was mostly traded on obscure exchanges, making its liquidation difficult.