Question 1

What is Plasma?

Accepted Answer

Plasma is a high-performance blockchain designed for stablecoins. It combines a custom Byzantine Fault Tolerant consensus mechanism, called PlasmaBFT, with an EVM-based execution layer and a trust-minimised Bitcoin bridge. The network is structured to provide secure, scalable, and low-latency infrastructure for stablecoin issuers, financial institutions, and decentralised applications.

The architecture integrates compatibility with Ethereum smart contracts, interoperability with Bitcoin, and features tailored for stablecoin use cases such as custom gas tokens and zero-fee stablecoin transfers. Plasma is implemented as a Bitcoin sidechain that maintains its own consensus while anchoring states to Bitcoin for security.

Question 2

What is XPL?

Accepted Answer

XPL is the native token of the Plasma blockchain. It fulfils three main functions:  
- **Security**: Validators stake XPL to participate in the consensus, with slashing penalties for misconduct.  
- **Utility**: XPL is used for transaction fees, smart contract execution, and deploying applications. Plasma also supports stablecoin-based fees using custom gas tokens.  
- **Governance**: XPL will be used in on-chain governance for protocol parameters, network upgrades, and ecosystem decisions.

Validators earn rewards for block production and transaction processing, aligning incentives with the health of the network.

Question 3

How was XPL distributed?

Accepted Answer

XPL’s distribution takes place in two phases. In the allocation phase, participants deposit stablecoins into the Plasma Vault to earn allocation units based on time-weighted deposits. These funds remain in user wallets until later bridged at mainnet launch. In the purchase phase, allocation units define the amount of XPL that each participant can buy at a fixed price. Deposits are locked for at least forty days before bridging.

Tokens are scheduled for delivery on 1 September 2025. Certain jurisdictions, such as the United States, include additional lock-up requirements for accredited investors. European participants have a withdrawal right before trading begins, in accordance with MiCA rules.

Question 4

Technical architecture

Accepted Answer

- **Consensus**: PlasmaBFT, a protocol based on Fast HotStuff, achieves rapid finality and low-latency block confirmations.  
- **Execution**: A Reth-based EVM provides compatibility with Ethereum contracts.  
- **Bitcoin bridge**: Trust-minimised bridging and anchoring of state data to Bitcoin.  
- **Validators**: Incentivised through staking rewards and transaction fees, with hardware requirements focused on efficient performance.  
- **Energy efficiency**: Projected annual consumption places Plasma among the more efficient proof-of-stake systems.

Question 5

Who created Plasma?

Accepted Answer

Plasma is issued by Plasma Inc., a business company registered in the British Virgin Islands in 2025, with development supported by the Plasma Foundation and Chain Technologies Research. The project leadership includes Marc Piano as director, alongside a team of engineers and researchers.

#	Instrument	Exchange	Benchmark Score	Price	24h Change	24h Volume	24h Trades	24h Open	24h High
1	XPL-USDT XPLUSDT	binance	AA	0.09256USDT	4.59%	124,055,120.90XPL	251,182	0.08850USDT	0.09510USDT
2	XPL-USDT XPL-USDT	okex	A	0.09262USDT	4.71%	55,955,586.89XPL	98,849	0.08845USDT	0.09507USDT
3	XPL-USDT XPLUSDT	bybit	A	0.09262USDT	4.66%	49,327,806.00XPL	110,843	0.08850USDT	0.09510USDT
4	XPL-USDT XPL_USDT	gateio	A	0.09258USDT	4.66%	33,117,700.00XPL	53,236	0.08846USDT	0.09505USDT
5	XPL-USDT XPLUSDT_SPBL	bitget	BB	0.09260USDT	4.69%	17,046,174.48XPL	35,158	0.08845USDT	0.09505USDT
6	XPL-USD XPL-USD	coinbase	AA	0.09255USD	4.73%	15,815,604.60XPL	6,820	0.08837USD	0.09495USD
7	XPL-USDT XPL_USDT	whitebit	BB	0.09251USDT	4.60%	15,479,019.40XPL	64,197	0.08844USDT	0.09499USDT
8	XPL-USDC XPLUSDC	binance	AA	0.09264USDC	4.80%	11,669,086.20XPL	6,784	0.08840USDC	0.09507USDC
9	XPL-TRY XPLTRY	binance	AA	4.47TRY	4.00%	6,234,586.70XPL	6,744	4.30TRY	4.61TRY
10	XPL-USD XPLUSD	kraken	AA	0.09250USD	4.64%	6,051,921.35XPL	3,696	0.08840USD	0.09510USD
11	XPL-USD xplusd	bitstamp	AA	0.09245USD	4.61%	5,021,058.78XPL	1,430	0.08838USD	0.09500USD
12	XPL-USDT XPL-USDT	kucoin	BB	0.09260USDT	4.75%	3,028,865.33XPL	5,416	0.08840USDT	0.09500USDT
13	XPL-EUR XPLEUR	kraken	AA	0.08019EUR	4.16%	1,885,430.86XPL	1,340	0.07700EUR	0.08260EUR
14	XPL-USDC XPL-USDC	okex	A	0.09253USDC	4.62%	1,078,384.83XPL	1,284	0.08844USDC	0.09500USDC
15	XPL-USD XPL_USD	cryptodotcom	AA	0.09224USD	3.96%	232,970.20XPL	796	0.08873USD	0.09501USD
16	XPL-EUR XPL-EUR	okex	A	0.08040EUR	4.42%	194,334.49XPL	727	0.07700EUR	0.08261EUR
17	XPL-USD XPL-USD	okex	A	0.09242USD	5.30%	185,415.57XPL	168	0.08777USD	0.09499USD
18	XPL-U XPLU	binance	AA	0.09239U	6.44%	156,303.30XPL	116	0.08680U	0.09239U
19	XPL-USD XPLUSD	bitfinex	BB	0.09354USD	9.72%	131,307.21XPL	43	0.08525USD	0.09451USD
20	XPL-TRY XPL-TRY	okex	A	4.53TRY	5.32%	118,103.89XPL	70	4.31TRY	4.53TRY
21	XPL-USD1 XPLUSD1	binance	AA	0.09415USD1	7.04%	67,622.00XPL	31	0.08796USD1	0.09415USD1
22	XPL-USDT XPLUST	bitfinex	BB	0.09440USDT	11.12%	8,671.63XPL	23	0.08496USDT	0.09440USDT
23	XPL-EUR xpleur	bitstamp	AA	0.08201EUR	7.73%	3,640.48XPL	6	0.07612EUR	0.08201EUR
24	XPL-USD XPLUSD	cexio	BB	0.08993USD	4.31%	211.08XPL	1	0.08621USD	0.08993USD
25	XPL-USDT XPLUSDT	cexio	BB	0.08794USDT	2.35%	211.08XPL	1	0.08592USDT	0.08794USDT
26	XPL-USDC XPLUSDC	cexio	BB	0.08798USDC	2.22%	211.08XPL	1	0.08607USDC	0.08798USDC
27	XPL-USDT xpl_usdt	lbank	C	0.09261USDT	4.75%	71,219,695.60XPL	87,609	0.08841USDT	0.09503USDT
28	XPL-KRW KRW-XPL	upbit	B	128.00KRW	4.92%	52,787,124.40XPL	4,852	122.00KRW	130.00KRW
29	XPL-USDT XPL_USDT	coinw	-	0.09252USDT	4.53%	34,530,123.00XPL	17,578	0.08851USDT	0.09495USDT
30	XPL-USDT XPL_USDT	p2pb2b	D	0.09260USDT	4.62%	20,473,226.00XPL	118,308	0.08851USDT	0.09510USDT
31	XPL-USDT XPLUSDT	toobit	C	0.09256USDT	4.62%	13,195,463.60XPL	20,540	0.08847USDT	0.09503USDT
32	XPL-EUR XPL-EUR	bitvavo	B	0.08030EUR	4.27%	12,479,681.04XPL	2,996	0.07701EUR	0.08257EUR
33	XPL-USDT sXPLUSDT	phemex	C	0.09240USDT	4.05%	12,492,121.05XPL	6,979	0.08880USDT	0.09540USDT
34	XPL-USDT xpl_usdt	xtpub	-	0.09259USDT	4.67%	12,403,232.77XPL	22,634	0.08846USDT	0.09504USDT
35	XPL-USDT XPLUSDT	bitrue	D	0.09280USDT	4.74%	10,289,939.30XPL	14,402	0.08860USDT	0.09520USDT
36	XPL-USDT XPLUSDT	mexc	C	0.09265USDT	4.70%	9,599,687.16XPL	32,415	0.08849USDT	0.09503USDT
37	XPL-USDT XPL_USDT	bydfi	-	0.09250USDT	4.53%	7,149,059.55XPL	15,813	0.08849USDT	0.09503USDT
38	XPL-USDT XPL-USDT	bingx	D	0.09258USDT	4.61%	5,688,284.94XPL	52,765	0.08850USDT	0.09499USDT
39	XPL-USDC XPL_USDC	p2pb2b	D	0.09256USDC	4.71%	5,136,190.00XPL	4,478	0.08840USDC	0.09507USDC
40	XPL-USDT XPL_USDT	bitunix	C	0.09261USDT	4.69%	4,726,810.50XPL	36,083	0.08846USDT	0.09504USDT
41	XPL-KRW XPL_KRW	bithumbkorea	-	126.00KRW	4.13%	4,044,672.45XPL	1,193	121.00KRW	129.00KRW
42	XPL-USDT xplusdt	huobipro	C	0.09250USDT	4.52%	2,082,651.21XPL	3,252	0.08850USDT	0.09540USDT
43	XPL-TRY XPLTRY	btcturk	E	4.55TRY	5.82%	1,872,829.80XPL	910	4.30TRY	4.60TRY
44	XPL-EUR XPLEUR	bit2me	B	0.08019EUR	4.16%	1,885,430.86XPL	1,340	0.07700EUR	0.08260EUR
45	XPL-USDT XPLUSDT	btcturk	E	0.09380USDT	6.35%	1,353,290.80XPL	341	0.08820USDT	0.09490USDT
46	XPL-USDT XPL-USDT	bigone	-	0.09230USDT	3.94%	1,290,109.70XPL	5,020	0.08880USDT	0.09540USDT
47	XPL-USDC XPLUSDC	bitrue	D	0.09270USDC	4.75%	1,172,944.90XPL	5,442	0.08850USDC	0.09520USDC
48	XPL-USD XPL-USD	btse	-	0.09270USD	4.98%	1,129,273.42XPL	15,449	0.08830USD	0.09510USD
49	XPL-USDT XPLUSDT	coinspro	D	0.09240USDT	4.52%	988,999.56XPL	8,070	0.08840USDT	0.09490USDT
50	XPL-USD XPLUSD	edxmarkets	C	0.09240USD	4.53%	860,992.14XPL	215	0.08839USD	0.09480USD