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	0.05310USDT	1.63%	87,201,756.30XPL	59,252	0.05225USDT	0.05501USDT
2	XPL-USDT XPL-USDT	okex	A	0.05313USDT	1.63%	34,092,961.29XPL	42,521	0.05228USDT	0.05454USDT
3	XPL-USDT XPL_USDT	whitebit	BB	0.05313USDT	1.66%	31,682,081.50XPL	72,377	0.05226USDT	0.05462USDT
4	XPL-USDT XPLUSDT	bybit	A	0.05316USDT	1.66%	20,123,226.10XPL	22,035	0.05229USDT	0.05451USDT
5	XPL-USDC XPLUSDC	binance	AA	0.05312USDC	1.65%	15,302,520.30XPL	3,988	0.05226USDC	0.05537USDC
6	XPL-USDT XPLUSDT_SPBL	bitget	BB	0.05316USDT	1.61%	9,994,018.86XPL	12,986	0.05232USDT	0.05465USDT
7	XPL-USD XPL-USD	coinbase	AA	0.05313USD	1.76%	8,760,674.00XPL	2,799	0.05221USD	0.05462USD
8	XPL-USD XPLUSD	kraken	AA	0.05310USD	1.72%	8,084,667.45XPL	1,286	0.05220USD	0.05460USD
9	XPL-TRY XPLTRY	binance	AA	2.67TRY	1.52%	7,246,860.70XPL	3,779	2.63TRY	2.92TRY
10	XPL-USDT XPL_USDT	gateio	A	0.05315USDT	1.66%	6,782,749.00XPL	11,708	0.05228USDT	0.05454USDT
11	XPL-USD xplusd	bitstamp	AA	0.05308USD	1.67%	1,598,534.05XPL	1,271	0.05221USD	0.05474USD
12	XPL-EUR XPLEUR	kraken	AA	0.04790EUR	2.13%	1,440,685.50XPL	321	0.04690EUR	0.04890EUR
13	XPL-USDT XPL-USDT	kucoin	BB	0.05320USDT	1.72%	1,106,785.16XPL	11,948	0.05230USDT	0.05460USDT
14	XPL-U XPLU	binance	AA	0.05360U	3.70%	761,654.10XPL	150	0.05169U	0.05471U
15	XPL-USDC XPL-USDC	okex	A	0.05311USDC	1.63%	555,718.57XPL	254	0.05226USDC	0.05437USDC
16	XPL-USD XPL_USD	cryptodotcom	AA	0.05316USD	1.26%	376,750.10XPL	3,534	0.05250USD	0.05475USD
17	XPL-EUR XPL-EUR	okex	A	0.04795EUR	2.33%	145,052.39XPL	241	0.04686EUR	0.04891EUR
18	XPL-USDT XPLUST	bitfinex	BB	0.05391USDT	3.88%	119,200.40XPL	66	0.05190USDT	0.05426USDT
19	XPL-USD1 XPLUSD1	binance	AA	0.05359USD1	2.02%	114,603.80XPL	33	0.05253USD1	0.05497USD1
20	XPL-TRY XPL-TRY	okex	A	2.72TRY	2.64%	23,044.87XPL	8	2.65TRY	2.72TRY
21	XPL-USD XPLUSD	bitfinex	BB	0.05566USD	7.44%	2,507.15XPL	11	0.05181USD	0.05566USD
22	XPL-EUR xpleur	bitstamp	AA	0.04854EUR	3.06%	1,000.00XPL	1	0.04710EUR	0.04854EUR
23	XPL-USDC XPLUSDC	cexio	BB	0.05235USDC	2.41%	338.52XPL	1	0.05112USDC	0.05235USDC
24	XPL-USD XPLUSD	cexio	BB	0.05230USD	2.11%	286.44XPL	1	0.05122USD	0.05230USD
25	XPL-USDT XPLUSDT	cexio	BB	0.05348USDT	1.83%	286.44XPL	1	0.05252USDT	0.05348USDT
26	XPL-KRW XPL_KRW	bithumbkorea	-	71.85KRW	1.10%	960,450,242.43XPL	19,030	71.07KRW	73.32KRW
27	XPL-USDT xpl_usdt	lbank	C	0.05312USDT	1.67%	110,332,528.10XPL	83,882	0.05225USDT	0.05447USDT
28	XPL-KRW KRW-XPL	upbit	B	72.20KRW	1.55%	46,540,005.26XPL	4,785	71.10KRW	74.10KRW
29	XPL-USDT XPL_USDT	coinw	-	0.05321USDT	1.70%	17,771,991.60XPL	5,720	0.05232USDT	0.05446USDT
30	XPL-USDT XPL_USDT	p2pb2b	D	0.05310USDT	1.63%	16,745,529.00XPL	24,176	0.05225USDT	0.05450USDT
31	XPL-USDT sXPLUSDT	phemex	C	0.05320USDT	1.92%	14,343,984.65XPL	6,671	0.05220USDT	0.05530USDT
32	XPL-USDT XPLUSDT	toobit	C	0.05311USDT	1.65%	11,094,671.90XPL	18,740	0.05225USDT	0.05448USDT
33	XPL-USDT XPLUSDT	bitrue	D	0.05310USDT	1.72%	7,578,520.20XPL	8,242	0.05220USDT	0.05460USDT
34	XPL-USDC XPL_USDC	p2pb2b	D	0.05312USDC	1.65%	6,959,820.00XPL	2,601	0.05226USDC	0.05495USDC
35	XPL-USDT XPLUSDT	mexc	C	0.05310USDT	1.63%	4,354,616.49XPL	15,708	0.05225USDT	0.05460USDT
36	XPL-EUR XPL-EUR	bitvavo	B	0.04799EUR	2.34%	3,633,074.87XPL	1,568	0.04690EUR	0.04898EUR
37	XPL-TRY XPLTRY	btcturk	E	2.67TRY	1.41%	3,296,857.20XPL	476	2.63TRY	2.75TRY
38	XPL-USDT XPL_USDT	bydfi	-	0.05310USDT	1.63%	3,209,879.73XPL	8,290	0.05225USDT	0.05453USDT
39	XPL-USDT XPL_USDT	bitunix	C	0.05313USDT	1.61%	3,198,663.30XPL	17,238	0.05229USDT	0.05449USDT
40	XPL-USDT XPL-USDT	bingx	D	0.05311USDT	1.61%	2,891,967.47XPL	15,762	0.05227USDT	0.05447USDT
41	XPL-USD XPL-USD	btse	-	0.05300USD	1.34%	2,361,670.98XPL	17,469	0.05230USD	0.05450USD
42	XPL-USDC XPLUSDC	bitrue	D	0.05320USDC	2.11%	1,795,151.80XPL	5,435	0.05210USDC	0.05460USDC
43	XPL-USDT xpl_usdt	xtpub	-	0.05316USDT	1.66%	1,655,348.06XPL	6,855	0.05229USDT	0.05448USDT
44	XPL-EUR XPLEUR	bit2me	B	0.04790EUR	2.13%	1,444,927.17XPL	325	0.04690EUR	0.04890EUR
45	XPL-USDC XPLUSDC	mexc	C	0.05311USDC	1.78%	1,036,468.14XPL	3,001	0.05218USDC	0.05442USDC
46	XPL-USDT XPLUSDT	btcturk	E	0.05360USDT	2.68%	700,757.80XPL	180	0.05220USDT	0.05460USDT
47	XPL-PHP XPLPHP	coinspro	D	3.35PHP	1.88%	479,809.90XPL	7,308	3.29PHP	3.44PHP
48	XPL-USDT XPLUSDT	coinspro	D	0.05310USDT	1.63%	400,903.94XPL	7,002	0.05225USDT	0.05449USDT
49	XPL-USDT xplusdt	huobipro	C	0.05380USDT	-0.74%	177,832.06XPL	304	0.05420USDT	0.05680USDT
50	XPL-USDT XPL-USDT	btse	-	0.05310USDT	1.53%	179,270.95XPL	1,171	0.05230USDT	0.05450USDT