Plasma is entering the next phase in redefining how money moves. The vaults are locked, and we are now preparing for the upcoming XPL public sale, which begins on Thursday, July 17, at 9:00 AM ET. We outline below the XPL sale process, but also share an insight into the XPL token and the central role it plays in reshaping the global financial system.
Understanding XPL
We’re building foundational infrastructure for a new global financial system where money moves at internet speed, with zero fees, and full transparency. Our goal is to bring trillions of dollars onchain, unlocking an open, programmable layer for money itself. 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.
XPL is the native token of the Plasma blockchain, which is used to facilitate and be used in transactions as well as rewarding 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.
