In the crypto market, we have witnessed countless tokens rise to great heights, experienced the rise of $ETH and the explosion of $SOL . Is there any coin with potential now? Today, a project called Plasma is attempting to redefine global payments with its high-performance, zero-fee payment experience focused on stablecoins. If you missed the early benefits of ETH and SOL, you might want to take a look at XPL, although it may not be of much use.
1. Why only focus on stablecoins
Imagine in martial arts novels, there are often those unparalleled masters who dedicate their lives to mastering a single sword. XPL is exactly like that. As a high-performance public chain established specifically for stablecoin payments, its positioning is very clear, aiming at the trillion-dollar market of stablecoins in the future. The current development of stablecoins is very rapid, with an extremely fast growth of ten times in five years. Moreover, real payments account for less than one percent of stablecoin transaction volume, all of which give this market infinite possibilities. Compared to other public chains that are indecisive, XPL focuses solely on stablecoins, and its architecture is built only for stablecoins, which is why it can achieve both speed and low cost. This is the benefit of being dedicated to serving stablecoins.
2. In the internet age, traffic is king
So how can xpl break the deadlock? As predecessors of xpl, such as #TRX and other public chains, have already occupied the market. The challengers behind them are lining up to France. Plasma enters the market with zero transaction fees. Imagine if you could use stablecoins for real-world transactions without cumbersome gas fees; you might also try using stablecoins for trading. Free is the best positioning and promotional strategy. Attracting users through free offerings breaks down barriers formed by other giant public chains. This is the clever aspect of plasma. First, attract users into the ecosystem, then use other measures, such as service initiatives, to make users fond of stablecoin payments. This way, one can enjoy the cake of stablecoins while also getting a share of the pie, achieving mutual benefits.
The most famous endorsement of plasma is Tether, which occupies most of the market share of stablecoins. Tether's endorsement has also given xpl significant recognition in the crypto world, especially among crypto institutions. This is where xpl's advantage lies; through the relationship with Tether and those crypto institutions, it can smoothly establish connections, allowing stablecoins to circulate everywhere and easily attract a lot of investment. Having a strong backing is certainly beneficial, haha.
3. Deflation creates rising value
The annual inflation rate of xpl is 5%, gradually decreasing to 3% over time, and there is a transaction fee burning mechanism to assist in token destruction. This is xpl's super strategy; through a deflationary mechanism, it continuously increases the token's value. The transaction fees in stablecoin trading serve as the destruction funds for xpl. As the stablecoin market expands, the trading volume of xpl will also grow. Moreover, with Tether's support, a significant portion of USDT's circulation may flow on xpl in the future. All of this can provide a continuous source of destruction funds for xpl. As the destruction occurs, the value of xpl will also continue to rise. This is xpl's destruction mechanism; similar to stock buybacks, it aims to achieve token appreciation by creating scarcity. xpl's future will definitely occupy a scenic spot in the stablecoin market. Let's see how much trading volume the future giant stablecoin market can provide for xpl, and how the rapidly increasing trading volume can provide destruction funds for xpl. This forms a closed-loop ecosystem of rising trading volume, token destruction, token appreciation, and attracting more users.
Summary
xpl is not just an ordinary token; it is also a special means of transport. After all, there is no other coin like it in the crypto world. It represents a new public chain model. In the story of stablecoins integrating into future life, xpl's focus on stablecoin trading provides some possibilities. This means xpl may occupy a position in stablecoins in the future. So for those who missed the opportunity for hundredfold coins, remember to take a look at xpl. Although even looking may not be of much use, xpl is probably not a hundredfold coin.
