The native token of plasma focused on the stablescocus, XPL, made its debut on major exchanges, including Binance and OKX on Thursday.
The token made a price of up to $ 1.54 at the start of negotiations, which led to a market capitalization of more than 2.8 billion dollars. The plasma token has a genesis offer of 10 billion, 18% or 1.8 billion are now in circulation.
The plasma network also made its debut with more than $ 2 billion in total locked stable -coated value and an EVM compatible design.
Use case
XPR serves as a gas token for transactions and the execution of intelligent contracts, as well as the staging asset which secures the network, and finally, as a reward token for validators.
Plasma allows stable gas transfer for end users. In other words, it does not allow zero transfers to the file only for shipments and receives USDT Simple.
However, more complex transactions, such as the deployment of contracts or decentralized applications, require that XPL be paid in gas form, or part of the stablecoins to convert to XPL as costs, according to the Delphi Digital Explanteer.
At the beginning of this week, Plasma launched Plasma One, a native neobank of Stablecoin in order to provide users with access to expenses, to win and save digital dollars.
Tokenomics
XPP is the native token of plasma blockchain, analogous to Eth on Ethereum and Sol on Solana. XPL serves as a gas token for transactions and the execution of intelligent contracts, the asset of puncturing securing the network and the reward token for validators.
The XPL token has a fixed total offer of 10 billion tokens. From this, 40% – 4 billion equal tokens – are allocated to ecosystem and growth initiatives. During the launch, 8% of the total offer (800 million tokens) will be unlocked from this ecosystem allowance to support initial activities such as liquidity provision and partnerships.
The remaining 3.2 billion ecosystem tokens will gradually be unlocked monthly over a period of three years to ensure regular liquidity and continuous development.
In addition, 25% of the supply (2.5 billion tokens) is allocated to the founders, developers and employees, who face a one -year cliff preceding the acquisition, followed by a linear acquisition in the next two years. 25% (2.5 billion tokens) were allocated to donors and early strategic partners, with the same acquisition terms as the team: a one -year cliff followed by two years of linear acquisition.
The token follows an inflationary model, with validator awards from an inflation rate of 5%, which will decrease each year until it stabilizes at 3%.
Read more: the plasma supported by Peter Natted reveals the “Hostuff -inspired consensus” for high frequency stablecoin transfers at high frequency
