#plasma $XPL

The **$XPL** token is the native cryptocurrency of the **Plasma Chain**, the backbone of the PlasmaPay payment and DeFi ecosystem. It serves as the gas fee for all transactions on the network and powers its governance, allowing holders to vote on proposals. Users can also stake $XPL to earn rewards and help secure the blockchain. Its primary value is tied to facilitating fast, low-cost payments and financial services within the PlasmaPay platform, making it essential for operating in its dedicated decentralized finance (DeFi) environment.