Plasma (XPL) is an L1-scale blockchain solution developed with a focus on infrastructure for stable coins and payment settlements.
This ecosystem lays strong emphasis on facilitating faster and scalable, as well as free USDT transaction services, making it an ideal solution for DeFi platforms, day-to-day money transfer services, and other commercial applications. This L1-scale solution is also EVM-compatible, making it an ideal solution for smart contract deployment.
Additionally, its trust-minimized Bitcoin bridge focuses on enhancing security. XPL is an essential token serving this ecosystem, acting as a gas solution, staking, validator rewards, and on-chain governance solution.
It has a fixed supply of 10 billion XPL, with specific allocations made for balancing ecosystem development, liquidity, and sustained incentive structure on this system.
