#plasma $XPL
We introduce XPL as the token underlying Plasma, which is a Layer 1 blockchain that was designed for stablecoins. Its main purposes are to secure the network and lend support to validators tasked with keeping the chain functioning. This is for the stablecoin’s logic, and XPL must be locked for transactional processes, so that the platform is stable, reliable and able to process the transactions. Unlike simple stablecoin transfers, XPL is integral for advanced transactions and network-level functionality. Although it is known that you will have no fee for moving USDT on Plasma, XPL plays a key role in governance, security and incentivizing ecosystem flows. This is when XPL becomes extremely relevant as Plasma, itself, matures to the platform and features countless applications, validators, and users joining the platform. This is not meant as a payment token for ordinary purchases. Instead, it acts as the crucial basis of the stablecoin-centric network.
