#plasma $XPL
Here is the information on Plasma (XPL):
What is it? Plasma (XPL) is a Layer 1 blockchain specifically designed to be an efficient infrastructure for stablecoin payments.
Key Feature: Its primary feature is offering zero-fee transfers for USD₮ (USDT/Tether) through a built-in paymaster system. This is intended to lower the barrier for real-world, high-frequency digital dollar payments.
The XPL Token:
Native Asset: XPL is the native cryptocurrency of the Plasma blockchain.
Function: It is used to pay for gas fees (for non-stablecoin transactions), secure the network through Proof-of-Stake (PoS) staking, and participate in governance.
Compatibility: It is EVM-compatible, meaning it can run smart contracts from Ethereum and allows for decentralized finance (DeFi) applications.
The part "nolges" does not appear to be an official term in this context and is probably a mishearing or typo for a phrase like "knowledge" or part of the project's name.
Would you like to know the current price of XPL or learn more about how its zero-fee transfers work?