Plasma (XPL) is a Layer-1 blockchain designed for global stablecoin payments, focusing on zero-fee USDT transfers, high-speed settlements, and Bitcoin-level security. Here are some key features and use cases:
- Zero-fee USDT Transfers: Plasma's protocol-managed paymaster sponsors gas costs for USDT transactions, making it ideal for stablecoin payments.
- EVM Compatibility: Supports Ethereum developers with seamless app deployment.
- Bitcoin Bridge: Enables trust-minimized BTC integration for DeFi applications.
- Custom Gas Tokens: Allows fees to be paid in whitelisted assets like USDT or BTC.
XPL token is used for:
- Transaction Fees: Pays for smart contract execution and complex transactions.
- Network Security: Validators stake XPL to secure the network.
- Validator Rewards: Earns XPL for providing infrastructure services.
Some notable updates include ¹ ² ³:
- Binance launched an XPL rewards campaign, offering 3.5M XPL tokens.
- Plasma's USDT0 network processed $63B in cross-chain value.
- Upcoming token unlock on January 25, releasing 88.89M XPL tokens.
Want to know more about Plasma's roadmap or price predictions?$XPL @Plasma #Plasma