The native token of plasma blockchain centered on stablecoin, XPL, debuted in the main exchanges, including Binance and OKX, on Thursday.
The Token obtained a price of up to $ 1.54 in the early negotiation, which resulted in a market capitalization of more than $ 2.8 billion. The plasma token has a genesis supply of 10 billion, of which 18% or 1.8 billion is now in circulation.
The plasma network also debuted with more than $ 2 billion in the total blocking value of blocked and a design compatible with EVM.
Case of use
XPR serves as a gas token for transactions and execution of intelligent contracts, as well as the rethinking asset that ensures the network, and finally, as the reward token for validators.
The plasma allows the stable gas transfer for end users. In other words, it allows zero rates transfers only for simple USDT shipping and receipts.
However, the most complex transactions, such as the implementation of decentralized contracts or applications, require that XPL is paid as a gas, or a portion of Stablecoins to become XPL as rates, according to Delphi Digital explain.
Earlier this week, Plasma launched Plasma One, a native Stablecoin neobank with the aim of providing users access without permission to expenses, profits and saving digital dollars.
Tokenomic
XPL is the native token of the plasma block chain, analogous to ETH in Ethereum and Sol in Solana. XPL serves as a gas token for transactions and execution of intelligent contracts, the rethinking asset that ensures the network and reward token for validators.
Token XPL has a fixed total supply of 10 billion tokens. Of this, 40%, 4 billion tokens, is assigned for the ecosystem and growth initiatives. In the launch, 8% of the total supply (800 million tokens) will unlock this assignment of the ecosystem to support initial activities, such as liquidity provisions and associations.
The remaining ecosystem tokens of 3.2 billion will be gradually unlock monthly for a three -year period to guarantee a constant liquidity and continuous development.
In addition, 25% of the offer (2.5 billion tokens) is assigned to the founders, developers and employees, who face a cliff of one year prior to the award, followed by linear awards in the next two years. Another 25% (2.5 billion tokens) have been assigned to the first sponsors and strategic partners, with the same terms of adjudication as the team: a one -year cliff followed by two years of linear award.
The Token follows an inflationary model, with validator rewards initially that begin with an inflation rate of 5%, which will decrease every year until 3%stabilize.
Read more: Peter Thiel-Plasma RESPALD
