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Sohel Reza
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Buy now & thank me later.
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Sohel Reza
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Farcaster - Follow Up ๐ธRaised: $180M Drop your profile links in the comments and engage with each other's posts. Letโs grow together My profil: farcaster.xyz/selmanft Register: https://farcaster.xyz/~/code/FFS68N
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#plasma $XPL @Plasma ๐ Plasma Token (XPL): The Stablecoin Infrastructure The Plasma token, known as XPL, is the native cryptocurrency of the Plasma Layer 1 blockchain. This blockchain is specifically engineered and optimized for global stablecoin payments, aiming to provide a fast, secure, and cost-efficient financial infrastructure. XPL serves three primary purposes: * Staking and Security: Validators stake XPL to secure the network under its Proof-of-Stake model and earn rewards. * Transaction Fees (Gas): It is used to pay for complex transactions and smart contract deployments on the EVM-compatible chain. * Governance: Token holders may participate in decisions about protocol upgrades. A key feature is that simple stablecoin transfers (like USDT) are often fee-free, with the network subsidizing the gas, reducing the need for users to hold XPL for everyday payments. Would you like to know more about the Plasma network's focus on stablecoins or its EVM compatibility?
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#polygon $POL @Polygon $POL ๐ POL Token: Powering the Polygon Ecosystem POL is the upgraded, native token for the Polygon ecosystem, replacing the original MATIC token on a 1:1 basis as part of the Polygon 2.0 vision. It is designed to be a "hyperproductive" asset with triple utility. * Staking & Security: Validators stake POL to secure all Polygon chains and earn protocol rewards. * Governance: POL holders participate in the decentralized governance of the Polygon network. * Gas Fees: It serves as the native gas token for transactions across Polygon's interconnected Layer 2 chains. POL's multi-chain design allows it to secure numerous chains simultaneously, enhancing efficiency and unifying liquidity across the entire Polygon ecosystem. Would you be interested in learning about the difference between Polygon's original MATIC token and the new POL token?
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#hemi $HEMI @Hemi ๐ HEMI Token: The Bitcoin-Ethereum Bridge The HEMI token is the native utility and governance asset of the Hemi network, a modular Layer-2 blockchain. Hemi's core mission is to unify the security of Bitcoin with the programmability of Ethereum, creating a scalable "supernetwork" for Bitcoin-native Decentralized Finance (DeFi). HEMI serves multiple critical functions: it is used to pay gas fees for transactions, for staking by validators in the network's Proof-of-Proof consensus mechanism to secure the chain, and for governance, allowing token holders to vote on key protocol decisions and upgrades. This enables developers to build EVM-compatible dApps that interact securely with Bitcoin. Would you like to know more about how Hemi's unique Proof-of-Proof consensus mechanism works?
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