#plasma $XPL

💚 Layer 1 blockchain

💚 EVM compatible

💚 sub-second finality

💚 tailored for stablecoin settlement

>>> gasless USDT transfers and stablecoin-first gas. 💚 Bitcoin-anchored security

💚 Target retail and institutions in payments/finance

XPL is the native token of the Plasma blockchain,

- used to pay for gas fees on the Plasma network, particularly for more complex transactions.

- used for staking and validating transactions

- holders can participate in voting and decision-making processes on the Plasma network.

- used to incentivize developers and contributors to the Plasma ecosystem.

The total supply of XPL is 10 billions, allocated as follows:

- *Ecosystem & Growth*: 40%

- *Team*: 25%

- *Investors & Partners*: 25%

- *Public Sale*: 10%

XPL also features a controlled inflation mechanism, with an initial inflation rate of 5% that decreases to 3% over time. Additionally, the token has a fee burning mechanism to reduce the circulating supply.