#XPL is the native token of Plasma, a layer 1 blockchain designed for large-scale, low-cost stablecoin payments. Its importance on Binance lies in the fact that it is project number 44 in the HODLer Airdrops program, meaning that Binance users who subscribed their BNB to Simple Earn or On-Chain Yields between September 10 and 13, 2025, are eligible to receive an airdrop of $XPL.
Benefits of #XPL on Binance:
- Fast and cost-effective transactions: $Plasma offers stablecoin transfers with no fees, making it ideal for international payments and e-commerce.
- Security: The $Plasma blockchain is EVM compatible and has a Proof of Stake (PoS) consensus mechanism to ensure the security of the network.
- Growth: #XPL has an inflationary token model, with 5% of the total supply released in the first year, which could attract investors looking for long-term growth.
- Institutional backing: Plasma has the support of prominent investors like Peter Thiel and Bitfinex, which adds credibility to the project ¹ ² ³.
In summary, #XPL is important on Binance because it offers an opportunity for users to engage with an innovative and scalable blockchain, with a token that has significant growth potential.
