正航奇旅
2.1k Posts
正航奇旅
经济思维看世界，周期思维晓未来
148 Following
978 Followers
3.7K+ Liked
1 Badges
Posts
All
Quotes
Well said—everything is integral tokens
回本窝就不玩了
·
--
$ENA Fee switch: Turning ENA from “voting rights” into “dividend rights”
Previously: When the company makes money ≠ ENA goes up.
· After the switch: The more the company earns → the more money goes into buying ENA → ENA becomes scarcer → the coin price is more likely to rise.
But right now this is still just a “proposal”; it hasn’t officially passed a vote yet (expected to be voted on in Q3 2026). So for now, ENA is still in a state of “the company earns money, but it has nothing to do with the token.”
Only if the Q3 vote passes will ENA truly become “a stock that can pay dividends.” If it doesn’t pass, then it can only rise and fall through speculation.
Here’s an analogy so you get it!
Ethena’s company = the owner of a supermarket (yes, it makes a lot of money).
USDe stablecoin = the membership card in the supermarket.
· sUSDe holders = customers who top up their membership card (the owner gives the money earned each day back to them).
ENA token = the supermarket’s stock.
You buy ENA = you become a shareholder of the supermarket.
The current situation is: the supermarket earns several million dollars every day, and the owner takes it all and gives it to the “membership card customers” (sUSDe) as bonuses. Shareholders (you) can only watch—the stock price’s ups and downs are driven entirely by market sentiment, with no relation to whether the supermarket is profitable.
If the “fee switch” is approved: the owner says that from now on, of the money the supermarket earns every day, 10%-20% will be carved out, used to buy ENA stock in the market and then burned (or directly paid out to ENA holders).
Previously: When the company makes money ≠ ENA goes up.
· After the switch: The more the company earns → the more money goes into buying ENA → ENA becomes scarcer → the coin price is more likely to rise.
But right now this is still just a “proposal”; it hasn’t officially passed a vote yet (expected to be voted on in Q3 2026). So for now, ENA is still in a state of “the company earns money, but it has nothing to do with the token.”
Only if the Q3 vote passes will ENA truly become “a stock that can pay dividends.” If it doesn’t pass, then it can only rise and fall through speculation.
Here’s an analogy so you get it!
Ethena’s company = the owner of a supermarket (yes, it makes a lot of money).
USDe stablecoin = the membership card in the supermarket.
· sUSDe holders = customers who top up their membership card (the owner gives the money earned each day back to them).
ENA token = the supermarket’s stock.
You buy ENA = you become a shareholder of the supermarket.
The current situation is: the supermarket earns several million dollars every day, and the owner takes it all and gives it to the “membership card customers” (sUSDe) as bonuses. Shareholders (you) can only watch—the stock price’s ups and downs are driven entirely by market sentiment, with no relation to whether the supermarket is profitable.
If the “fee switch” is approved: the owner says that from now on, of the money the supermarket earns every day, 10%-20% will be carved out, used to buy ENA stock in the market and then burned (or directly paid out to ENA holders).
$BTC If BTC goes to zero, what will happen in the crypto space? The short-term impact would be huge, but it wouldn't affect the long-term at all.
Treasury Secretary Scott Bencet mentioned in a CNBC interview on Wednesday that negotiations between the U.S. and Iran include Iran joining the dollar system and pricing its oil sales in dollars—he sees this as part of reestablishing the dominance of the U.S. currency. Bencet also stated that the U.S. Treasury will oversee the handling of Iran's frozen funds in Doha, Qatar, with a "significant portion" being used to purchase American food and pharmaceuticals, effectively reinvesting the funds into U.S. products.
The Treasury Secretary plans to extend the dollar-denominated framework to Venezuela, indicating that Caracas will return to the dollar system and use the currency as the "core" of their trade, contrasting with the previous sanctions era when the country sold oil to China at a discount without receiving dollars. Bencet further predicts that Russia may return to the dollar system after the Russo-Ukrainian war ends. During a speech at the New York Economic Club on Tuesday evening, Bencet stated that the concept of a "strong dollar" is not solely based on exchange rate levels, mentioning that the dollar's decline since last year is merely "the price on the screen." He attributes the global appeal of the dollar to the depth, breadth, and liquidity of U.S. capital markets, asserting that "everyone wants to be here," and claims that the dollar can remain strong even in the face of rate cuts, as long as the economy accelerates.
The Treasury Secretary plans to extend the dollar-denominated framework to Venezuela, indicating that Caracas will return to the dollar system and use the currency as the "core" of their trade, contrasting with the previous sanctions era when the country sold oil to China at a discount without receiving dollars. Bencet further predicts that Russia may return to the dollar system after the Russo-Ukrainian war ends. During a speech at the New York Economic Club on Tuesday evening, Bencet stated that the concept of a "strong dollar" is not solely based on exchange rate levels, mentioning that the dollar's decline since last year is merely "the price on the screen." He attributes the global appeal of the dollar to the depth, breadth, and liquidity of U.S. capital markets, asserting that "everyone wants to be here," and claims that the dollar can remain strong even in the face of rate cuts, as long as the economy accelerates.
Binance News
·
--
Bessent Says Iran to Invoice Oil Sales in Dollars as Part of US-Iran Negotiations
Bloomberg reported that Treasury Secretary Scott Bessent indicated in a CNBC interview Wednesday that US-Iran negotiations include Iran joining the dollar system and invoicing its oil sales in the greenback — an element he framed as part of a broader reassertion of US currency dominance. Bessent also said the US Treasury will oversee the processing of Iran's frozen funds from operations based in Doha, Qatar, with "a very large percent" earmarked to purchase American foodstuffs and medicines, effectively recycling the funds back into US products.
The Treasury Secretary extended the dollar-invoicing framework to Venezuela, stating that Caracas will return to the dollar system and make the currency "the centerpiece of their trade," contrasting with the prior sanctions era when the country sold discounted oil to China without receiving dollars. Bessent further predicted that Russia could return to the dollar system after the Russia-Ukraine war concludes. In remarks at the Economic Club of New York late Tuesday, Bessent said the "strong dollar" concept is not based on exchange-rate levels alone, calling the greenback's decline since the start of last year merely "a price on the screen." He attributed the dollar's global appeal to the depth, breadth, and liquidity of US capital markets, saying "everyone wants to be here," and asserted the dollar can remain strong even as interest rates are cut, provided the economy accelerates.
The Treasury Secretary extended the dollar-invoicing framework to Venezuela, stating that Caracas will return to the dollar system and make the currency "the centerpiece of their trade," contrasting with the prior sanctions era when the country sold discounted oil to China without receiving dollars. Bessent further predicted that Russia could return to the dollar system after the Russia-Ukraine war concludes. In remarks at the Economic Club of New York late Tuesday, Bessent said the "strong dollar" concept is not based on exchange-rate levels alone, calling the greenback's decline since the start of last year merely "a price on the screen." He attributed the dollar's global appeal to the depth, breadth, and liquidity of US capital markets, saying "everyone wants to be here," and asserted the dollar can remain strong even as interest rates are cut, provided the economy accelerates.
AI has drained the market's liquidity, SpaceX is a ticking time bomb
链得得ChainDD
·
--
Arthur Hayes: AI Has Siphoned Liquidity from the Market, SpaceX Is a Time Bomb
Wu said Real June 22, 2026 08:09 Chongqing Read this chapter in the novel reader Immerse yourself in reading in the novel reader
Author | Arthur Hayes
This article does not constitute any investment or financial advice; readers are advised to strictly comply with local laws and regulations. Please star Wu's public account, otherwise, you may not receive updates.
Original link:
https://www.techflowpost.com/article/32099
Key Takeaways
Arthur Hayes has liquidated his largest crypto positions — HYPE, NEAR, Worldcoin, and Zcash. The reasons are not related to crypto itself but stem from a macro chain of reasoning involving oil prices, the Iran war, Trump’s midterm election strategy, and the AI bubble burst. He believes Trump may reverse his stance to attack the AI sector to recover from midterm election disadvantages, and once the AI bubble peaks, the crypto market won't be immune either; SpaceX, with an $1.8 trillion valuation and a 100x price-to-sales ratio for its IPO, is considered a liquidity time bomb waiting to explode.
There are plenty of competitors to Uniswap
M麦麦
·
--
Standard Chartered has laid out a clear price "roadmap" for UNI, it’s up to you to decide if you're buying in —
By the end of 2026, $6.5; by the end of 2027, $20; by the end of 2028, $40; by the end of 2029, $65; and by the end of 2030, $100.
Their main argument is that RWA assets are set to explode in growth over the next few years.
And with Uniswap being the cornerstone of DeFi, it’s a no-brainer that it will benefit, driving the value of its token up as well.
Bros, this pie chart is looking big and round, should we trust them this time? 🤣
$UNI
By the end of 2026, $6.5; by the end of 2027, $20; by the end of 2028, $40; by the end of 2029, $65; and by the end of 2030, $100.
Their main argument is that RWA assets are set to explode in growth over the next few years.
And with Uniswap being the cornerstone of DeFi, it’s a no-brainer that it will benefit, driving the value of its token up as well.
Bros, this pie chart is looking big and round, should we trust them this time? 🤣
$UNI
$ASTER This pattern is not healthy
李阿木web3杂谈
·
--
Short $ASTER! The project team is using the repurchased coins to reward staking users, and they themselves are the biggest staker. Is this model sustainable? It's pumped in the short term, but it could tank to zero in a month. What do you think?
The POL project is definitely a top player in terms of tech and ecosystem resources within the same lane. But a "good project" and a "good investment" have always been two different things.
不做冲动交易
·
--
It's worth taking a look at the following before trading.
Let's chat about the POL project. If you're still stuck thinking 'Polygon is just MATIC', then the current $POL might not align with your expectations.
From Matic to POL, it's more than just a name change
POL's predecessor MATIC was originally established in 2017 as Matic Network, which operated as an Ethereum sidechain. Back then, Ethereum's mainnet was ridiculously expensive and frustratingly slow, and Matic hit the sweet spot with its 'cheap and fast' solution. In 2021, the project underwent a full upgrade to Polygon, evolving from a single sidechain into a comprehensive Ethereum scaling solution, making MATIC one of the most recognized L2 tokens in the crypto space.
From Matic to POL, it's more than just a name change
POL's predecessor MATIC was originally established in 2017 as Matic Network, which operated as an Ethereum sidechain. Back then, Ethereum's mainnet was ridiculously expensive and frustratingly slow, and Matic hit the sweet spot with its 'cheap and fast' solution. In 2021, the project underwent a full upgrade to Polygon, evolving from a single sidechain into a comprehensive Ethereum scaling solution, making MATIC one of the most recognized L2 tokens in the crypto space.
Plasma One is building a new kind of digital bank. By simultaneously having payment infrastructure and user experience, they're creating a world where stablecoins play the role of everyday currency, from spending and transfers to earning interest on balances.
正航奇旅
·
--
BullishPlasma One Future Bank + Credit Card. Trillions!
• 4% base cash back + 10% AI spend back
• Includes Claude Pro + ChatGPT Plus
• Flight 10% back, up to $600 per year
• VIP lounge, concierge service, travel insurance
• 1% referral rewards + $10 for each invite
• Forex 0%, bank deposits 0%, withdrawals 0.1%
• Car insurance
• Global eSIM (3GB)
• Purchase protection $20k
• Warranty protection $25k
• Price protection $4k
• 4% base cash back + 10% AI spend back
• Includes Claude Pro + ChatGPT Plus
• Flight 10% back, up to $600 per year
• VIP lounge, concierge service, travel insurance
• 1% referral rewards + $10 for each invite
• Forex 0%, bank deposits 0%, withdrawals 0.1%
• Car insurance
• Global eSIM (3GB)
• Purchase protection $20k
• Warranty protection $25k
• Price protection $4k
So the core competitive edge hasn't changed, only the production relationships have shifted, and it's the competitiveness that drives the change, that's the core, that's the key.
Quoted content has been removed
Aster only upgraded its tokenomics, didn't boost its core competitiveness; just a re-skin, no real change underneath.
Crypto Breaking
·
--
Aster Tokenomics Update Routes 99% of Platform Fees to ASTER Buybacks Each Day
Aster has updated its ASTER tokenomics, directing 99% of daily platform fees to ASTER buybacks. Starting at 12:00 UTC on June 17, the platform will route daily fees into automatic purchases. All bought-back ASTER will be distributed to veASTER stakers through Loyalty Rewards, according to the update.
Fee Revenue Moves to ASTER Buybacks
The revised mechanism uses platform revenue as the main funding source for the ASTER buyback program. Buybacks will run through a time-weighted average price process across each day and settle on-chain to a public buyback wallet. The stated design links the buyback flow directly to platform fee generation.
Aster said each epoch will include the buyback amount on top of the 300,000 ASTER base Loyalty Rewards. Distribution will be made to veASTER holders according to lock weight, reflecting both the amount locked and lock duration. The model directs revenue-funded token purchases toward users participating in the staking system.
Aster Updates Tokenomics: 99% of Daily Platform Fees to Be Used for ASTER Buybacks
Aster updated its ASTER tokenomics. Starting at 12:00 UTC on June 17, 99% of daily platform fees will be automatically used to buy back ASTER, with an equal amount of ASTER burned from reserves.… pic.twitter.com/I4zq7JFevx
— Wu Blockchain (@WuBlockchain) June 17, 2026
The update also adds a separate source of ASTER buybacks through permissionless listings on Aster Spot. Each permissionless listing will carry a 50,000 USDT fee, which will be used to purchase ASTER as extra staking rewards. Listing fees will be collected weekly, enter buybacks the following week, and appear in rewards two weeks after listing.
Key Insight:
Aster will direct 99% of daily platform fees toward automatic ASTER buybacks starting June 17.
Bought-back ASTER will be distributed to veASTER stakers based on lock weight each rewards epoch.
Each buyback triggers an equal reserve burn, beginning first with tokens from the team allocation.
Biweekly burns are scheduled to continue until ASTER total supply reaches 3 billion tokens remaining.
Permissionless Aster Spot listings will pay 50,000 USDT, funding extra ASTER rewards for veASTER stakers.
Reserve Burns Target Lower ASTER Supply
For every ASTER bought back under the revenue program, Aster plans to burn an equal amount from reserves. Burns will start with the team allocation and be executed biweekly until total supply falls from 8 billion ASTER to 3 billion ASTER. This burn schedule remains separate from the distribution of bought-back tokens to veASTER stakers.
The team allocation represents 5% of total supply, equal to 400 million ASTER. Under the allocation schedule, those tokens were subject to a 12-month cliff from token generation and 40 months of linear vesting afterward. The new burn sequence states that this allocation will be used first when matching buybacks with reserve burns.
Aster’s public buyback wallet is listed as 0xa0edBaBcb48034e368de286b49F9603C7AfA1b60, while the listing fee wallet is listed as 0x39C473f4420e4ae9Ab3fe9e7ceDFc08F9684bB1a. These addresses provide designated locations for the revenue buyback program and permissionless listing fee collection. The update presents the wallets as part of the on-chain settlement structure for the revised tokenomics system.
Allocation Schedule Remains Part of the Framework
The ASTER token supply remains divided across airdrop, ecosystem and community, treasury, team, and liquidity and listing categories. The largest allocation is the airdrop category, which accounts for 53.5% of supply or 4.28 billion ASTER. That portion is intended for traders, community builders, and ecosystem stakeholders across current and future reward programs.
The ecosystem and community allocation accounts for 30% of supply or 2.4 billion ASTER. It covers the APX upgrade allocation, liquidity support, ecosystem partnerships, marketing activities, staking rewards, and grants. The update notes that this category originally followed a 20-month linear distribution model, but staking emissions are now the only active use outside the APX-to-ASTER swap.
The treasury holds 7% of supply, equal to 560 million ASTER, for governance-approved future initiatives and operational reserves. Liquidity and listing account for 4.5% or 360 million ASTER, and is fully unlocked at token generation for exchange liquidity support. Together with the revised fee buyback and burn structure, these allocations set the current framework for ASTER tokenomics.
This article was originally published as Aster Tokenomics Update Routes 99% of Platform Fees to ASTER Buybacks Each Day on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.
Fee Revenue Moves to ASTER Buybacks
The revised mechanism uses platform revenue as the main funding source for the ASTER buyback program. Buybacks will run through a time-weighted average price process across each day and settle on-chain to a public buyback wallet. The stated design links the buyback flow directly to platform fee generation.
Aster said each epoch will include the buyback amount on top of the 300,000 ASTER base Loyalty Rewards. Distribution will be made to veASTER holders according to lock weight, reflecting both the amount locked and lock duration. The model directs revenue-funded token purchases toward users participating in the staking system.
Aster Updates Tokenomics: 99% of Daily Platform Fees to Be Used for ASTER Buybacks
Aster updated its ASTER tokenomics. Starting at 12:00 UTC on June 17, 99% of daily platform fees will be automatically used to buy back ASTER, with an equal amount of ASTER burned from reserves.… pic.twitter.com/I4zq7JFevx
— Wu Blockchain (@WuBlockchain) June 17, 2026
The update also adds a separate source of ASTER buybacks through permissionless listings on Aster Spot. Each permissionless listing will carry a 50,000 USDT fee, which will be used to purchase ASTER as extra staking rewards. Listing fees will be collected weekly, enter buybacks the following week, and appear in rewards two weeks after listing.
Key Insight:
Aster will direct 99% of daily platform fees toward automatic ASTER buybacks starting June 17.
Bought-back ASTER will be distributed to veASTER stakers based on lock weight each rewards epoch.
Each buyback triggers an equal reserve burn, beginning first with tokens from the team allocation.
Biweekly burns are scheduled to continue until ASTER total supply reaches 3 billion tokens remaining.
Permissionless Aster Spot listings will pay 50,000 USDT, funding extra ASTER rewards for veASTER stakers.
Reserve Burns Target Lower ASTER Supply
For every ASTER bought back under the revenue program, Aster plans to burn an equal amount from reserves. Burns will start with the team allocation and be executed biweekly until total supply falls from 8 billion ASTER to 3 billion ASTER. This burn schedule remains separate from the distribution of bought-back tokens to veASTER stakers.
The team allocation represents 5% of total supply, equal to 400 million ASTER. Under the allocation schedule, those tokens were subject to a 12-month cliff from token generation and 40 months of linear vesting afterward. The new burn sequence states that this allocation will be used first when matching buybacks with reserve burns.
Aster’s public buyback wallet is listed as 0xa0edBaBcb48034e368de286b49F9603C7AfA1b60, while the listing fee wallet is listed as 0x39C473f4420e4ae9Ab3fe9e7ceDFc08F9684bB1a. These addresses provide designated locations for the revenue buyback program and permissionless listing fee collection. The update presents the wallets as part of the on-chain settlement structure for the revised tokenomics system.
Allocation Schedule Remains Part of the Framework
The ASTER token supply remains divided across airdrop, ecosystem and community, treasury, team, and liquidity and listing categories. The largest allocation is the airdrop category, which accounts for 53.5% of supply or 4.28 billion ASTER. That portion is intended for traders, community builders, and ecosystem stakeholders across current and future reward programs.
The ecosystem and community allocation accounts for 30% of supply or 2.4 billion ASTER. It covers the APX upgrade allocation, liquidity support, ecosystem partnerships, marketing activities, staking rewards, and grants. The update notes that this category originally followed a 20-month linear distribution model, but staking emissions are now the only active use outside the APX-to-ASTER swap.
The treasury holds 7% of supply, equal to 560 million ASTER, for governance-approved future initiatives and operational reserves. Liquidity and listing account for 4.5% or 360 million ASTER, and is fully unlocked at token generation for exchange liquidity support. Together with the revised fee buyback and burn structure, these allocations set the current framework for ASTER tokenomics.
This article was originally published as Aster Tokenomics Update Routes 99% of Platform Fees to ASTER Buybacks Each Day on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.
$ASTER's chain upgrade is rewriting the tokenomics, but the real competitive edge is whether you have the chops to outpace your rivals.
物极必反
·
--
Bearish$ASTER Personally, I'm not too optimistic about this chain upgrade; I don't think it's gonna pump the price too high!\n\nThe project team lacks funds to pump the coin and is just getting retail investors to buy in and then stake to grab a measly 300,000 aster as a low reward. Plus, this is distributed based on the amount held and the staking time, which is barely enough to fill a gap.\nAlthough they claim to use the repurchased coins to reward stakers, the project team hasn't clearly stated what percentage of rewards will be given; they're vague and just mentioned there won't be much in the future.\nAnother point is that the coins they repurchase aren't meant for burning; instead, they're using coins from their own locked inventory to destroy, so market liquidity remains unchanged. Every month, there's still a bunch of coins unlocking. If the unlock amount > their repurchase quantity, market liquidity will still increase, leading to inflation. Conversely, if the repurchase quantity > monthly unlock amount, it results in deflation, which will boost the price. Ultimately, whether it's deflation or inflation depends on the trading volume of their tier-one exchange. But to put it bluntly, I think they're just pulling a fast one, not spending their own cash, getting the retail investors (the 'chives') to buy coins and pump the price, while they quietly offload their stash.\n
Plasma One Future Bank + Credit Card. Trillions!
• 4% base cash back + 10% AI spend back
• Includes Claude Pro + ChatGPT Plus
• Flight 10% back, up to $600 per year
• VIP lounge, concierge service, travel insurance
• 1% referral rewards + $10 for each invite
• Forex 0%, bank deposits 0%, withdrawals 0.1%
• Car insurance
• Global eSIM (3GB)
• Purchase protection $20k
• Warranty protection $25k
• Price protection $4k
• 4% base cash back + 10% AI spend back
• Includes Claude Pro + ChatGPT Plus
• Flight 10% back, up to $600 per year
• VIP lounge, concierge service, travel insurance
• 1% referral rewards + $10 for each invite
• Forex 0%, bank deposits 0%, withdrawals 0.1%
• Car insurance
• Global eSIM (3GB)
• Purchase protection $20k
• Warranty protection $25k
• Price protection $4k
正航奇旅
·
--
The Plasma team has built a killer product that users can leverage globally to earn their stablecoins. The future of banking. Trillions!
The Plasma team has built a killer product that users can leverage globally to earn their stablecoins. The future of banking. Trillions!
正航奇旅
·
--
Plasma, the future of banking. Plasma's core selling points are threefold: zero-fee transfers with USDT, sub-second transaction confirmations, and EVM compatibility. Users can pay for Gas directly with USDT, without the hassle of having to buy ETH first like on Ethereum. Technically, it utilizes a proprietary PlasmaBFT consensus mechanism (an improved version of HotStuff) with a target throughput of over 1000 TPS. The execution layer is powered by the Reth client written in Rust, maintaining compatibility with Solidity smart contracts.
Additionally, Plasma is working on a Bitcoin bridge (pBTC) and privacy payment features.
Additionally, Plasma is working on a Bitcoin bridge (pBTC) and privacy payment features.
$XPL (Plasma) tokenomics
0xAnhlabs
·
--
Here’s a quick tokenomics analysis of $XPL (@Plasma ):
Core tokenomics
Total supply: 10 billion XPL. (bitget.com)
Initial allocation: commonly reported as:
40% ecosystem & growth
25% investors
25% team
10% public sale.
Utility: XPL is positioned as the native token of the Plasma blockchain, used for network security/incentives and tied to a stablecoin-focused L1/L2 payment system.
Supply / unlock profile
Third-party trackers indicate only a fraction of supply is circulating/unlocked, with one source showing roughly 25% float and about 2.51B unlocked as of June 17, 2026.
That means future unlock pressure is a major factor. If team/investor/ecosystem allocations continue unlocking over time, market supply can expand materially.
What looks good
Large ecosystem bucket (40%) is positive if deployed well for liquidity, incentives, integrations, and developer growth.
A 10% public sale is not tiny, so distribution is better than ultra-insider-heavy launches, though still not especially retail-dominant.
If Plasma actually captures stablecoin transfer/payment volume, token utility could strengthen meaningfully.
Main risks
Insider concentration is high-ish: team + investors = 50% of supply. That’s the biggest tokenomics overhang. (tokeninsight.com)
Unlock risk: with a relatively low float versus total supply, future emissions can weigh on price unless demand grows faster than supply.
Execution risk: tokenomics only work if the chain gets real payment/stablecoin usage; otherwise the token can remain mostly speculative. That concern is echoed by reporting around thin usage and supply pressure.
My take
Tokenomics grade: 6.5/10
Best case: Plasma gets real stablecoin adoption and XPL demand absorbs emissions
Bear case: adoption lags and unlocks dominate price action.
$XPL
Core tokenomics
Total supply: 10 billion XPL. (bitget.com)
Initial allocation: commonly reported as:
40% ecosystem & growth
25% investors
25% team
10% public sale.
Utility: XPL is positioned as the native token of the Plasma blockchain, used for network security/incentives and tied to a stablecoin-focused L1/L2 payment system.
Supply / unlock profile
Third-party trackers indicate only a fraction of supply is circulating/unlocked, with one source showing roughly 25% float and about 2.51B unlocked as of June 17, 2026.
That means future unlock pressure is a major factor. If team/investor/ecosystem allocations continue unlocking over time, market supply can expand materially.
What looks good
Large ecosystem bucket (40%) is positive if deployed well for liquidity, incentives, integrations, and developer growth.
A 10% public sale is not tiny, so distribution is better than ultra-insider-heavy launches, though still not especially retail-dominant.
If Plasma actually captures stablecoin transfer/payment volume, token utility could strengthen meaningfully.
Main risks
Insider concentration is high-ish: team + investors = 50% of supply. That’s the biggest tokenomics overhang. (tokeninsight.com)
Unlock risk: with a relatively low float versus total supply, future emissions can weigh on price unless demand grows faster than supply.
Execution risk: tokenomics only work if the chain gets real payment/stablecoin usage; otherwise the token can remain mostly speculative. That concern is echoed by reporting around thin usage and supply pressure.
My take
Tokenomics grade: 6.5/10
Best case: Plasma gets real stablecoin adoption and XPL demand absorbs emissions
Bear case: adoption lags and unlocks dominate price action.
$XPL
Plasma, the future of banking. Plasma's core selling points are threefold: zero-fee transfers with USDT, sub-second transaction confirmations, and EVM compatibility. Users can pay for Gas directly with USDT, without the hassle of having to buy ETH first like on Ethereum. Technically, it utilizes a proprietary PlasmaBFT consensus mechanism (an improved version of HotStuff) with a target throughput of over 1000 TPS. The execution layer is powered by the Reth client written in Rust, maintaining compatibility with Solidity smart contracts.
Additionally, Plasma is working on a Bitcoin bridge (pBTC) and privacy payment features.
Additionally, Plasma is working on a Bitcoin bridge (pBTC) and privacy payment features.
不做冲动交易
·
--
Massive unlocking on June 25th, is Plasma the king of infrastructure or a capital harvesting machine?
Plasma（$XPL ）：Backed by Tether's stablecoin Layer 1, is it a construction fantasy or a capital game?
1. What is the project: A chain born for stablecoins
Plasma is a high-performance Layer 1 blockchain designed specifically for stablecoin payments. Keep in mind, it’s not a Layer 2 scaling solution for Ethereum, nor is it a sidechain; it’s a fully independent network. The Plasma concept proposed by Vitalik Buterin and Joseph Poon in 2017 has long been superseded by Rollups. Today’s Plasma just borrowed the same name, but the core is a completely different story.
Plasma's core selling points are three-fold: zero-fee USDT transfers, sub-second transaction confirmations, and EVM compatibility. Users can directly pay Gas with USDT, without needing to buy ETH first like on Ethereum. Technically, it employs a self-developed PlasmaBFT consensus mechanism (an improved version of HotStuff), aiming for a throughput of over 1000 TPS. The execution layer uses the Reth client written in Rust, compatible with Solidity smart contracts.
1. What is the project: A chain born for stablecoins
Plasma is a high-performance Layer 1 blockchain designed specifically for stablecoin payments. Keep in mind, it’s not a Layer 2 scaling solution for Ethereum, nor is it a sidechain; it’s a fully independent network. The Plasma concept proposed by Vitalik Buterin and Joseph Poon in 2017 has long been superseded by Rollups. Today’s Plasma just borrowed the same name, but the core is a completely different story.
Plasma's core selling points are three-fold: zero-fee USDT transfers, sub-second transaction confirmations, and EVM compatibility. Users can directly pay Gas with USDT, without needing to buy ETH first like on Ethereum. Technically, it employs a self-developed PlasmaBFT consensus mechanism (an improved version of HotStuff), aiming for a throughput of over 1000 TPS. The execution layer uses the Reth client written in Rust, compatible with Solidity smart contracts.
Worldcoin (WLD) pure air coin
穿越牛熊的福尔mo斯
·
--
Worldcoin (WLD) is probably a no-go for most folks. Sure, it’s made some serious strides in user growth, hitting over 30 million users, with tens of millions completing iris verification and launching World Chain to create a closed-loop system for identity and applications. They snagged A16z as a lead investor, bringing in a total of $440M, with OPENAI's Sam Altman backing it as a co-founder.
But here’s the kicker: the economic model of the WID token is fundamentally unsustainable.
WLD's token structure is a classic growth-driven release model rather than a fixed supply model. Most of the tokens are allocated to user incentive pools, where users participate in verification and collect subsidies, which essentially triggers ongoing releases. There's a total of about 10 billion tokens, with the vast majority still tied up in a long-term release cycle, resulting in continuous selling pressure.
On top of that, WLD lacks a solid value recovery mechanism. There’s no stable transaction fee burn model, nor a clear path for protocol revenue to flow back, making it tough for the token to generate intrinsic demand. Another real-world factor is the iris data and privacy compliance issues; while the idea of a trusted identity layer on the internet is great, the regulatory uncertainty in some countries makes actual implementation tricky.
Just because a project looks good doesn’t mean the token will pump. Most of the projects that are seeing gains are those willing to share profits with token holders. WID doesn’t have significant revenue, nor does it capture protocol profits; it’s merely a governance token. Once the AI hype fades, the price will drop like a rock!
$WLD
But here’s the kicker: the economic model of the WID token is fundamentally unsustainable.
WLD's token structure is a classic growth-driven release model rather than a fixed supply model. Most of the tokens are allocated to user incentive pools, where users participate in verification and collect subsidies, which essentially triggers ongoing releases. There's a total of about 10 billion tokens, with the vast majority still tied up in a long-term release cycle, resulting in continuous selling pressure.
On top of that, WLD lacks a solid value recovery mechanism. There’s no stable transaction fee burn model, nor a clear path for protocol revenue to flow back, making it tough for the token to generate intrinsic demand. Another real-world factor is the iris data and privacy compliance issues; while the idea of a trusted identity layer on the internet is great, the regulatory uncertainty in some countries makes actual implementation tricky.
Just because a project looks good doesn’t mean the token will pump. Most of the projects that are seeing gains are those willing to share profits with token holders. WID doesn’t have significant revenue, nor does it capture protocol profits; it’s merely a governance token. Once the AI hype fades, the price will drop like a rock!
$WLD
Plasma One, a digital bank, financial infrastructure, payment leader, set to replace traditional banks, with massive potential for growth.
正航奇旅
·
--
Plasma One is a stablecoin native digital bank, transforming into an infrastructure that supports real financial functions.
Log in to explore more content