#plasma $XPL Plasma’s $XPL
is the native utility and governance token of the Plasma Layer-1 blockchain, built to enable fast, cheap stablecoin (especially USDT) transfers and global digital payments. The network combines Bitcoin security with Ethereum Virtual Machine (EVM) compatibility, letting developers deploy smart contracts and dApps with familiar tooling. XPL has a fixed total supply of 10 billion tokens, distributed across public sale (10%), ecosystem growth (40%), team (25%), and investors (25%), with vesting schedules to support long-term development.
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XPL’s key functions include paying transaction fees, securing the network through Proof-of-Stake staking, and rewarding validators. Users can also delegate their $XPL to earn staking rewards, and holders may participate in governance decisions. Plasma supports gasless simple stablecoin transfers via a paymaster system, though complex transactions still use XPL for gas. Backed by prominent investors and listed on major exchanges, XPL aims to drive stablecoin adoption and act as the economic backbone of the Plasma ecosystem.#Plasma #XPL #xplachain #PlasmaXPL