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XPL Token Live Today: Plasma’s Layer-1 Blockchain Gains Global Exchange Exposure
XPL Token – Plasma (XPL), the native token of the layer-1 blockchain project Plasma, is officially entering the trading arena today, with major exchanges including Binance, OKX, Bybit, Bitget, and Gate announcing listings. Binance’s Alpha platform will be the first to host XPL on September 25, followed by a complete spot listing on the main Binance platform at 13:00 UTC, complete with the seed tag applied.
The listing coincides with Plasma’s Token Generation Event (TGE) and the launch of its mainnet beta, positioning XPL as a pivotal element in the network’s expansion.
Tokenomics: Genesis Supply, Inflation, and Community Rewards
Plasma’s TGE sets the Genesis supply at 10 billion XPL tokens, with an initial circulating supply of 1.8 billion tokens, representing 18% of the total at the time of Binance listing. Unlike capped token models, Plasma employs an inflationary mechanism, starting at 5% in the first year, gradually tapering to a minimum of 3%.
To incentivize community engagement, 75 million XPL tokens have been allocated for Binance HODLer Airdrops, while 100 million XPL tokens (1% of genesis supply) are reserved for users participating in the Plasma USDT Locked Product on Binance Earn’s On-Chain Yields.
Additional allocations from the Genesis supply include:
- 1 billion tokens for the public sale
- 40% reserved for ecosystem growth and strategic initiatives
- The remaining distributed among the team, investors, and other strategic allocations
These measures aim to foster staking, governance participation, validator incentives, and community rewards, ensuring long-term engagement within the Plasma ecosystem.
What Is Plasma?
Plasma is a stablecoin-native Layer-1 blockchain built to enable instant, fee-free payments and scalable DeFi infrastructure for USDT and other digital dollar assets. Its architecture combines Bitcoin-inspired security with EVM compatibility, allowing for both secure settlements and smart contract programmability.
Launched in 2024, Plasma’s mission is to make stablecoin transactions as seamless as digital messaging. The ecosystem has since expanded to include consumer-facing products, most notably Plasma One, a stablecoin-based neobank and payments super-app, offering zero-fee USDT transfers and stablecoin rewards.
Currently, Plasma supports fast, costless stablecoin transfers, yield-bearing instruments like Maple’s syrupUSDT, and DeFi protocol integrations to stimulate liquidity and adoption, particularly in emerging markets where stablecoins are widely used as a store of value and medium of exchange.
Backing and Strategic Support
Plasma has attracted prominent investors, including:
- Peter Thiel’s Founders Fund
- Framework Ventures
- Bitfinex
- Laser Digital
- Bybit
Notable early backers also include Tether CEO Paolo Ardoino and crypto traders Cobie and Zaheer Ebtikar from Split Capital, signaling strong institutional and strategic confidence in the project.
Plasma’s Vision: Scaling Global Payments and DeFi
The XPL token underpins the Plasma ecosystem, powering staking, governance, validator incentives, and community rewards. Looking ahead, Plasma aims to scale into a global payments and DeFi infrastructure layer through Plasma One, offering a stablecoin-native neobank experience.
The super-app promises zero-fee USDT transfers, stablecoin rewards, and seamless integration with DeFi protocols, further cementing Plasma’s position in the growing digital dollar economy.
With the mainnet beta launch, Binance and other major exchange listings, and robust backing from top-tier investors, Plasma is positioning itself as a next-generation platform for stablecoin-based payments and DeFi solutions, bridging the gap between traditional finance and blockchain innovation.
