#plasma $XPL
Here are reliable and detailed information about the digital currency project XPL (known as Plasma / XPL) available on the Binance platform and some major trading platforms:
📌 Project Name and Symbol
🔹 Name: Plasma
🔹 Symbol: XPL
🔹 Classification: Native Token on the Plasma Layer-1 Network.
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📍 The Goal and Main Function of the Project
💡 Plasma is a Layer-1 blockchain network designed specifically to facilitate high-speed, low-cost stablecoin payments globally.
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🧠 Main Uses of XPL Token
✔ Transaction Fees (Gas Fees): XPL is used to pay operating fees within the network.
✔ Network Security: Developers and Validators can use XPL in the Proof of Stake (PoS) mechanism to validate transactions and secure the network.
✔ Validator Rewards: Participants in validation receive XPL rewards for their work in supporting the network.
✔ Delegation: This feature will enable owners to delegate their tokens to other validators to earn rewards without running their own node.
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💡 In short, XPL works like ETH on the Ethereum network or SOL on the Solana network: a fundamental token for operating fees, governance (in the future), and network security.
coindesk.com
👨💻 Developers and Support
There is no reliable information published about specific developer names, but the project has emerged with support from investors @$XPL
