XPL is the native utility and governance token of the Plasma blockchain, a Layer-1 network designed for high-speed, zero-fee stablecoin payments and EVM-compatible dApps. Launched in 2024, XPL secures the network through Proof-of-Stake (PoS) staking, pays for transaction gas fees, and facilitates on-chain governance. Key Features and Details of XPL: Network Security: Validators stake XPL to secure the network, with a "soft slashing" model that penalizes dishonest behavior by withholding rewards rather than seizing staked capital.Utility & Fees: While Plasma enables gasless USDT transfers, XPL is required to pay for gas fees on other transactions and smart contract interactions.Supply & Economics: The total supply is 10 billion XPL, with approximately 1.8 billion in circulation.Ecosystem & Rewards: XPL is used for liquidity mining and as rewards for validators.#Plasma $XPL @Plasma
#plasma $XPL XPL is the native utility and governance token of the Plasma blockchain, designed to power a high-performance Layer 1 network focused on zero-fee stablecoin transfers. It is used for network security via Proof-of-Stake (PoS), paying gas fees, and validator rewards. @Plasma # $STABLE