I just found that the rewards center has three coupons available, which are three coins: FF, pump, and xpl.@Plasma The three combined are worth about ten U. After brainstorming, I recalled that this was the reward distribution for the Contract Master Competition.
This can be considered a benefit from Binance for us users. I remember I haven't done any brushing; I just clicked to participate every time there was a contract activity, and unexpectedly, I qualified for the minimum guarantee. Although these tokens have dropped significantly with the market crash, they still hold considerable value. And a pleasant surprise is something that makes everyone happy.
After all, we are currently in a bear market, and the overall market is precarious. Making money is no longer as simple as in a bull market. However, for us who are harvesting, this is the time to sow seeds. Come next year's bull market, who knows, we might hit a big trend and become rich. The bear market belongs to us, the harvesters, as we take solid steps to enrich our time. During this period, the network is not congested, and gas fees are low, making it a great time to harvest. As long as we hold on, we will harvest on the chain; for those who can't, they can trade on exchanges. The bear market will eventually pass.
Even now, despite the poor market conditions, Binance has launched several beneficial activities, such as the XPL Square Creator Program, which has a low entry threshold and high availability, making it suitable for beginners to try out, understand the rules of earning tokens, and learn how to score points. This is also a good thing, as accumulating fans during a bear market means more earnings during a bull market!
Plasma (XPL) is a Layer 1 blockchain dedicated to stablecoins launched in 2025, emphasizing zero-fee USDT transfers, <1 second block time, 1000+ TPS, and is fully EVM-compatible, allowing seamless execution of DeFi contracts. The goal is to target global payment infrastructure, making digital dollars as fast and cheap as sending emails. The native token XPL is used for staking, security, network governance, and part of the gas fees (but USDT transfers are often gas-free).
When it launched, it was heavily hyped, with TVL once reaching billions, and the price peaking at over $1.5, supported by Tether and Bitfinex. However, due to significant unlocking pressure, it dropped over 90% after the hype subsided, currently hovering around $0.095, with a market cap of about $200 million, a circulation of 1.8 billion, and a total supply of 10 billion. The ecosystem includes integrations like Aave and Ethena, with stablecoin balances still exceeding $2 billion, ranking among the top. However, the bear market combined with significant unlocking puts it under pressure, leading to severe short-term volatility.
If you believe stablecoins are a killer application for crypto, XPL has long-term potential; otherwise, it may continue to grind at the bottom. Keep an eye on the official website plasma.to and on-chain data, and avoid chasing highs.