XPL is the native token of the Plasma blockchain. It is used to facilitate transactions as well as to reward those who provide network support by validating transactions. XPL is similar in these ways to Bitcoin (BTC) on the Bitcoin blockchain or Ethereum (ETH) on the Ethereum blockchain. XPL is the core asset securing this system. Just as sovereign currencies and central bank reserves underpin traditional finance, XPL safeguards the integrity of this new system and aligns long-term incentives as stablecoin adoption scales.Plasma has an opportunity to rewrite existing financial systems, but it’s admittedly a capital-intensive endeavor. We plan to leverage XPL to intensify Plasma’s network effects, not just in crypto-native ecosystems, but across traditional finance and capital markets as well. ‍#plasma @Plasma $XPL

The initial supply will be 10,000,000,000 XPL at mainnet beta launch, with programmatic increases further described in the “Validator Network” section.