The name and symbol of the project
Ad:#Plasma
Symbol: $XPL Classification: Digital currency as a native token (Native Token) on the Plasma Layer-1 network.
The purpose and main function of the project
Plasma #plasma is a first-level (Layer-1) blockchain network specifically designed to facilitate high-speed and low-cost stable currency payments on a global scale.
Main uses of the XPL token
Transaction costs (Gas Fees): Used to pay for transaction costs within the XPL network.
Network insurance: Developers and validators can use XPL in the PoS (Proof of Stake) mechanism for transaction validation and network insurance.
Rewards for validators: Participants in the validation receive XPL rewards for supporting the network with their work.
Delegation: This feature will allow owners to invite other validators to earn rewards with their tokens without operating their own nodes.
In short, XPL operates on the Ethereum network like ETH or on the Solana network like SOL: the main token for transaction costs, governance (in the future), and network insurance.
Developers and support
There is no published reliable information regarding the names of certain developers, but the project emerged with the support of Peter Thiel (a well-known technology investor).
This indicates that there was strong financial and technical support in the early stages of the project.
Number of tokens (Tokenomics)
Total supply during governance: 10,000,000,000 XPL (10 billion).
Main distribution
40% (4 billion) is allocated for development and construction within the network.
25% (2.5 billion) allocated to founders, developers, and employees (with a vesting period).
Some tokens (for example, 75 million XPL) were used in the Airdrop for eligible BNB holders before being listed on Binance.
Circulating supply relevant to trading: approximately 1.8 billion XPL when starting to trade on Binance.
CoinCarp
Some sources also reported that the offer may remain open
XPL is traded on the Binance platform.
Binance announced that it will list the Plasma (XPL) token in September 2025 as part of the HODLer Airdrops.
Important notes
Despite a strong start, XPL faced significant price fluctuations and a decrease in market value after being listed, indicating that the project's market volatility is high.