XPL is the native token of the Plasma blockchain, a Layer-1 network focused on stablecoins and high-speed transfers. �
CoinDesk
It functions as a gas token, meaning it’s used to pay transaction fees and execute smart contracts on the network. �
CoinDesk
XPL also acts as a staking asset to help secure the Plasma network and rewards validators. �
CoinDesk
The total supply of XPL is 10 billion tokens, with parts allocated for ecosystem growth and liquidity. �
CoinDesk
Plasma launched XPL on major exchanges like Binance and OKX with a multi-billion dollar market cap at debut. �
CoinDesk
The Plasma chain aims for fast, low-cost stablecoin payments and global digital dollar access via apps like Plasma One. �
CoinDesk
XPL tokens are used to support decentralized finance (DeFi), payments, and network incentives. �
CoinDesk
The ecosystem has experienced price volatility after launch, typical for new crypto assets. �
CoinDesk
Plasma’s design mixes Bitcoin-level security and Ethereum-style smart contracts for broad utility. �
XPL holders can participate in the network’s growth by staking, governance, and liquidity programs as Plasma evolves. �#MarketRebound #BTC100kNext? #StrategyBTCPurchase
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