Plasma, a high-performance Layer-1 blockchain designed to facilitate global stablecoin payments, offers scalable solutions with zero-fee USDT transfers, EVM compatibility, and Bitcoin security. The network's governance token and main token, XPL, has many functions.
š What is the XPL Token Used For?
- Transaction fees
- Validator staking
- Network security
- Governance voting
In the Plasma ecosystem, XPL ensures both economic stability and network sustainability. After its initial listing, the price of $XPL rose to $1.69 but then fell back to $0.12. Will $XPL be able to make a new breakthrough? We will be examining the XPL token in detail in our posts.
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XPL
0.1195
-6.78%