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	0.1058USDT	-9.42%	262,171,882.20XPL	495,374	0.1168USDT	0.1179USDT
2	XPL-USDT XPL-USDT	okex	A	0.1057USDT	-9.39%	99,356,485.18XPL	184,849	0.1167USDT	0.1179USDT
3	XPL-USDT XPLUSDT	bybit	A	0.1057USDT	-9.40%	91,092,801.10XPL	185,227	0.1167USDT	0.1179USDT
4	XPL-USDT XPL_USDT	gateio	A	0.1057USDT	-9.45%	51,608,442.00XPL	71,889	0.1168USDT	0.1179USDT
5	XPL-USD XPL-USD	coinbase	AA	0.1057USD	-9.55%	49,622,400.80XPL	25,643	0.1168USD	0.1178USD
6	XPL-USD xplusd	bitstamp	AA	0.1058USD	-9.40%	36,867,536.65XPL	6,835	0.1168USD	0.1178USD
7	XPL-USDC XPLUSDC	binance	AA	0.1058USDC	-9.38%	33,186,604.10XPL	19,609	0.1168USDC	0.1180USDC
8	XPL-USD XPLUSD	kraken	AA	0.1058USD	-9.42%	32,084,429.32XPL	9,781	0.1168USD	0.1178USD
9	XPL-USDT XPL_USDT	whitebit	BB	0.1057USDT	-9.40%	30,921,440.00XPL	78,371	0.1167USDT	0.1179USDT
10	XPL-USDT XPL-USDT	kucoin	BB	0.1059USDT	-9.33%	10,113,361.79XPL	12,084	0.1168USDT	0.1180USDT
11	XPL-TRY XPLTRY	binance	AA	5.18TRY	-9.09%	8,011,026.20XPL	8,405	5.70TRY	5.75TRY
12	XPL-USDT XPLUSDT_SPBL	bitget	BB	0.1058USDT	-9.42%	7,342,504.32XPL	42,682	0.1168USDT	0.1179USDT
13	XPL-EUR XPLEUR	kraken	AA	0.09290EUR	-8.92%	4,541,666.25XPL	1,676	0.1019EUR	0.1034EUR
14	XPL-USDC XPL-USDC	okex	A	0.1055USDC	-9.53%	1,221,392.97XPL	1,190	0.1166USDC	0.1177USDC
15	XPL-U XPLU	binance	AA	0.1068U	-8.37%	991,201.10XPL	290	0.1166U	0.1177U
16	XPL-USD XPL-USD	okex	A	0.1064USD	-8.87%	206,245.34XPL	393	0.1168USD	0.1178USD
17	XPL-EUR XPL-EUR	okex	A	0.09300EUR	-9.22%	201,471.89XPL	1,132	0.1024EUR	0.1034EUR
18	XPL-EUR xpleur	bitstamp	AA	0.09350EUR	-8.66%	144,029.85XPL	497	0.1023EUR	0.1031EUR
19	XPL-USD XPL_USD	cryptodotcom	AA	0.1057USD	-9.00%	95,548.30XPL	1,461	0.1162USD	0.1178USD
20	XPL-TRY XPL-TRY	okex	A	5.26TRY	-6.50%	48,152.32XPL	37	5.63TRY	5.63TRY
21	XPL-USD1 XPLUSD1	binance	AA	0.1059USD1	-8.63%	38,283.60XPL	77	0.1159USD1	0.1173USD1
22	XPL-USD XPLUSD	bitfinex	BB	0.1040USD	-11.48%	8,982.09XPL	18	0.1175USD	0.1175USD
23	XPL-USDT XPLUST	bitfinex	BB	0.1079USDT	-7.60%	1,925.84XPL	9	0.1168USDT	0.1168USDT
24	XPL-USDC XPLUSDC	cexio	BB	0.1103USDC	-6.21%	262.44XPL	1	0.1176USDC	0.1176USDC
25	XPL-USDT XPLUSDT	cexio	BB	0.1110USDT	-1.94%	204.12XPL	1	0.1132USDT	0.1132USDT
26	XPL-USD XPLUSD	cexio	BB	0.1101USD	-6.40%	145.80XPL	1	0.1176USD	0.1176USD
27	XPL-USDT xpl_usdt	lbank	C	0.1058USDT	-9.43%	91,839,781.80XPL	93,861	0.1168USDT	0.1178USDT
28	XPL-KRW KRW-XPL	upbit	B	144.00KRW	-9.43%	83,219,895.85XPL	16,721	159.00KRW	160.00KRW
29	XPL-USDT XPL_USDT	coinw	-	0.1058USDT	-9.41%	78,488,079.50XPL	18,046	0.1168USDT	0.1177USDT
30	XPL-USDT XPLUSDT	toobit	C	0.1058USDT	-9.43%	26,739,995.80XPL	25,590	0.1168USDT	0.1178USDT
31	XPL-USDT xpl_usdt	xtpub	-	0.1058USDT	-9.43%	26,114,425.85XPL	27,358	0.1168USDT	0.1178USDT
32	XPL-USDT XPLUSDT	mexc	C	0.1058USDT	-9.42%	23,365,510.90XPL	58,539	0.1168USDT	0.1179USDT
33	XPL-EUR XPL-EUR	bitvavo	B	0.09296EUR	-9.36%	23,533,543.29XPL	4,743	0.1025EUR	0.1034EUR
34	XPL-USDT XPLUSDT	bitrue	D	0.1058USDT	-9.57%	20,824,789.00XPL	31,944	0.1170USDT	0.1180USDT
35	XPL-USDT sXPLUSDT	phemex	C	0.1057USDT	-9.35%	19,925,939.04XPL	8,631	0.1166USDT	0.1180USDT
36	XPL-USDT XPL_USDT	p2pb2b	D	0.1057USDT	-9.44%	17,940,429.00XPL	110,712	0.1168USDT	0.1179USDT
37	XPL-USDT XPL_USDT	bydfi	-	0.1058USDT	-9.43%	17,382,601.17XPL	23,407	0.1169USDT	0.1178USDT
38	XPL-USDT XPL-USDT	bingx	D	0.1059USDT	-9.35%	9,766,904.13XPL	91,997	0.1168USDT	0.1199USDT
39	XPL-USDT XPL_USDT	bitunix	C	0.1058USDT	-9.37%	8,259,021.80XPL	58,338	0.1168USDT	0.1178USDT
40	XPL-USDC XPL_USDC	p2pb2b	D	0.1057USDC	-9.49%	7,265,321.00XPL	8,525	0.1168USDC	0.1180USDC
41	XPL-KRW XPL_KRW	bithumbkorea	-	144.00KRW	-8.28%	5,866,361.54XPL	1,693	157.00KRW	158.00KRW
42	XPL-TRY XPLTRY	btcturk	E	5.19TRY	-8.97%	5,499,586.30XPL	2,346	5.70TRY	5.75TRY
43	XPL-USD XPL-USD	btse	-	0.1057USD	-9.43%	5,041,665.65XPL	26,892	0.1167USD	0.1179USD
44	XPL-USD XPLUSD	edxmarkets	C	0.1064USD	-8.67%	3,403,660.00XPL	347	0.1165USD	0.1176USD
45	XPL-EUR XPLEUR	bit2me	B	0.09290EUR	-8.92%	3,361,409.11XPL	1,496	0.1019EUR	0.1034EUR
46	XPL-USDC XPLUSDC	bitrue	D	0.1056USDC	-9.74%	2,979,916.10XPL	8,012	0.1170USDC	0.1179USDC
47	XPL-USDT xplusdt	huobipro	C	0.1060USDT	-9.01%	2,173,817.41XPL	4,245	0.1165USDT	0.1177USDT
48	XPL-USDT XPL-USDT	bigone	-	0.1056USDT	-9.28%	558,681.40XPL	4,808	0.1164USDT	0.1182USDT
49	XPL-USDC XPLUSDC	mexc	C	0.1054USDC	-9.70%	543,797.48XPL	3,051	0.1168USDC	0.1177USDC
50	XPL-PHP XPLPHP	coinspro	D	6.62PHP	-9.45%	482,355.30XPL	5,718	7.31PHP	7.36PHP