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Plasma Tokenomics

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XPL Overview & Token Details

Plasma XPL tokenomics powers Layer-1 blockchain optimized for global stablecoin payments with near-instant, fee-free USDT transfers and Bitcoin bridge integration.

Ticker
$XPL
Listing Price
$0.35
Total Supply
10,000,000,000
Niche
  • Blockchain
TGE Date
2025-09-25
Tier 2
Tokenomics
Pre-Investment
Audit
Tokenomics
Audited
Investor
Information

Tokenomics Rating

Rank
#1332
Percentile
Top 68%
13
6
3
Economic Policies
80.25
Investment & Valuation
32.18
Utility & Value Flow
62.63
Liquidity & Market Making
-
Distribution Fairness
44.94

Tokenomics Structure (Token Supply, Allocation & Vesting Overview)

Allocation Distribution

Pool Name
Percentage
Vesting Information
Ecosystem & Growth40.00%20.0% at TGE , 36 Month Linear Vesting
Investors25.00%12 Month Cliff, 24 Month Linear Vesting
Team25.00%12 Month Cliff, 24 Month Linear Vesting
Public Sale10.00%100.0% at TGE
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Showing 1-4 out of 4

Token Allocation Breakdown (Distribution Fairness)

Category Score
44.94out of 100
Percentile
Top 74%

Allocation Distribution Indicators

Highlights
1
Warnings
1
Alerts
1

Distribution Fairness

Token Allocation Benchmarks (vs Top Projects)

Token Allocation Deviation Analysis

Deviation Status

Public Sale
+2.1%
Low
Community
+4.6%
Low
Foundation
-23.3%
High
Insiders
+6.8%
Medium
Investors
+9.7%
Medium

Token Allocation Deviation Analysis

This section evaluates how Plasma allocates its token supply compared to leading Blockchain projects. It measures deviation across key stakeholder groups and determines whether the allocation aligns with proven benchmarks. The analysis helps assess whether XPL follows a fair and balanced distribution structure or introduces concentration risks.

Overall Deviation Status

Medium

Token Governance & Power (Distribution Fairness)

Category Score
—out of 100
Percentile
—

Governance Indicators

Highlights
3
Warnings
0
Alerts
0

Token Power

Token Governance Concentration Analysis

This section analyzes who holds actual control over the Plasma circulating supply year over year, with a focus on early stages where governance risk is highest. It assesses whether the governance power of XPL is centralized or decentralized, and flags any dominance by insiders or investors.

Token Control Status

Launch
Decentralized
Year 1
Decentralized
Year 2
Decentralized
Year 3
Decentralized
Year 4
Decentralized

Insider Dominance Test

Passed

Investor Dominance Test

Passed

Token Inflation Analysis (Economic & Monetary Policies)

Category Score
82.96out of 100
Percentile
Top 16%

Inflation Indicators

Highlights
3
Warnings
1
Alerts
0

Emission Type

Circulation

Token Inflation (Annual Analysis)

This section analyzes whether XPL token inflation is sustainable over time. We assess how balanced the vesting and unlock schedules are, and evaluate how inflationary pressure may affect long-term token value, circulating supply growth, and investor dilution.

Year 1 Inflation

105.5%

Year 2 Inflation

50.4%

Year 3 Inflation

34.8%

Year 4 Inflation

0.0%

Inflation YoY

Token Unlocks & Emissions (Economic & Monetary Policies)

Category Score
75.3out of 100
Percentile
Top 31%

Supply Shock Indicators

Highlights
0
Warnings
0
Alerts
1

Emission Type

Circulation

Monthly Supply Shocks

Token Unlock & Dilution Events

This section tracks every XPL token unlock and dilution event across the full vesting timeline. We quantify the size and timing of each release, classify dilution risk levels (low, medium, high), and highlight the largest unlock event by date and percentage of total supply. Charts help understand emission pressure and anticipate potential supply shocks.

Supply Shocks Counter

0 Low Risk
0 Mid Risk
1 High Risk

Highest Supply Shock

33.2%
at Month 12

Detailed Information

Investor Dilution Risk (Economic & Monetary Policies)

Category Score
84.75out of 100
Percentile
Top 15%

Risk of Dilution Indicators

Highlights
1
Warnings
1
Alerts
0

Token Emission, Float and Circulating Supply Analysis

This section evaluates the circulating supply and emission schedule of XPL, focusing on its initial float at TGE, its dilution profile over time, and how these levels compare with top-performing projects.

Initial Float

18.00%

Best Performer Float

12.34%

Team Float Control

44.4%
Low Control
Mid Control
High Control
At launch, the team controls 44.4% of the circulating supply, reducing the real initial float to 10.00%.

Circulating Token Supply (YoY)

Vesting Release Schedule

Investor Terms & Round Conditions (Investment & Valuation)

Category Score
32.18out of 100
Percentile
Top 93%

Terms and Conditions Indicators

Highlights
1
Warnings
0
Alerts
0

Investor Round Details

Token Sale Terms and Vesting Details

This section reviews all investor fundraising rounds for Plasma and the token purchase terms attached to XPL. It compares entry price, unlock structure, vesting length and if terms align with market standards.

Vesting Details

Hover to see the details.
Investors
Public Sale

Target Hardcap

$75.0M
35.0%
65.0%
Plasma is selling 35.0% of its total token supply to investors in order to raise $75.0M in funding.

Token Valuation & FDV Analysis (Investment & Valuation)

Category Score
32.16out of 100
Percentile
Top 89%

Valuation Indicators

Highlights
1
Warnings
1
Alerts
1

Valuation Comparison

This section compares the tokens valuation and performance to other projects within the same niche. It includes ROI benchmarks from the past year, the last 15 launches, and the top 5 competitors.

Niche ROI (Past Year Blockchain)

+42.04%

Niche ROI (Last 15 Blockchain)

+80.45%

Project FDV Status

Overvalued
Under
Fairly Valued
Over
Plasma is listing at 306.5% higher FDV compared to benchmark listing and current valuation averages.

Valuation Comparison

Valuation (FDV vs VDV)

We compare investor valuations using both Fully Diluted Valuation (FDV) and Vested Diluted Valuation (VDV) models to assess pricing from two key perspectives. The round that ranks highest across both valuation models is considered the best-valued round.

Preferred Round

Investors
Best
Out of 2
1
Ranked 1st by VDV
1
Ranked 1st by FDV

Rounds Ranked by FDV

1
Investors
$100.0M FDV
2
Public Sale
$500.0M FDV

Rounds Ranked by VDV

1
Investors
$75.0M VDV
2
Public Sale
$90.0M VDV

Investor FDV vs VDV

VDV Valuation Model

Investor Break-Even & ROI Analysis (Investment & Valuation)

Category Score
—out of 100
Percentile
Top 100%

Break Even Indicators

Highlights
2
Warnings
1
Alerts
0

Break-Even Analysis

This section evaluates how fast investors recover their initial capital across Plasma's private rounds. We track cumulative ROI from token unlocks, identify which rounds break even first or last, and pinpoint the month when ROI becomes positive to assess payback speed and round attractiveness.

Fastest Rounds to Break Even

1
Public Sale
at TGE
2
Investors
in 12 months

Who Breaks Even First?

Public Sale
at TGE

Who Breaks Even Last?

Investors
in 12 months

Break-Even Analysis Chart

Investment Recovery at TGE

Price Performance to Break Even at TGE

Investor Round Ranking & Conclusions (Investment & Valuation)

Category Score
—out of 100
Percentile
—

Conclusions Indicators

Highlights
1
Warnings
1
Alerts
0

Investor Round Ranking

This section ranks all investment rounds based on key investor metrics, including break-even speed, recovery at TGE, Fully Diluted Valuation (FDV), and Vested Diluted Valuation (VDV). Each round is scored and ordered from most to least favorable, showing which round offers the strongest conditions for investors in Plasma.

Most Favorable Round

Public Sale
Best
Out of 2
1
Ranked 1st by TGE Recovery
1
Ranked 1st by Vesting Speed
2
Ranked 2nd by FDV
2
Ranked 2nd by VDV

Least Favorable Round

Public Sale
Worst
Out of 2
1
Ranked 1st by TGE Recovery
1
Ranked 1st by Vesting Speed
2
Ranked 2nd by FDV
2
Ranked 2nd by VDV

Investor Round Ranking

Token Utility & Use Cases (Utility & Value Flow)

Category Score
73.52out of 100
Percentile
—

Token Utility Indicators

Highlights
1
Warnings
1
Alerts
3

Token Utility Overview

This section analyzes whether the XPL token has a clear economic role within the ecosystem, and more importantly, why users would hold it over time instead of treating it as a purely speculative asset. We evaluate what utility the token provides, which functions it enables, and how it solves real problems across the network.

Utility Score

73.52
Healthy

Value Flow

Healthy
Utility Type
Status
Description
Governance
Documentation mentions future DAO voting rights, but non operational at launch. No voting mechanisms, proposal systems, or governance interfaces implemented from launch.
Gas Fee
XPL required for all non USDT transactions including smart contract deployments, DeFi interactions, and complex operations.
Medium of Exchange
XPL used for gas payments and validator tips but not for general payments on the blockchain.
Staking (PoS)
Network runs on PoS (PlasmaBFT) with 5% initial inflation decreasing to 3% terminal rate. Validator staking operational but delegation to regular holders not activated.
Medium of Payment
Not used for goods or services payments. Custom gas token system allows users to pay fees in USDT/BTC via paymaster, abstracting XPL requirement for end users.
Showing 1-5 out of 6

Value Accrual, Buybacks & Token Revenue (Utility & Value Flow)

Category Score
57.185out of 100
Percentile
—

Value Capture Indicators

Highlights
1
Warnings
1
Alerts
3
Value Accrual
Status
Description
Staking Rewards
Designed but not operational, when activated, holders can delegate XPL to validators for 3-5% APY.
Burn
EIP-1559 base fee burning permanently removes transaction fees from circulation. Validators retain priority tips.
Buyback and LP
No buyback mechanisms implemented.
Fee Redistribution
Validators receive priority tips. Base fees burned via EIP-1559, not redistributed to holders.
ve-Token Models
No vote-escrowed token design mechanisms.
Showing 1-5 out of 6

Token Buybacks, Burns & Value Accrual

This section is one of the most important layers: it analyzes whether Plasma (XPL) captures and retains on-chain value and how effectively that value flows back to the token. We examine fee redistribution, staking rewards, buyback mechanisms, burn models, and whether the protocol creates real token sinks that reduce sell pressure over time.

Value Accrual

Healthy

Value Capture

Healthy
Gas Fees
XPL required for transactions
PoS Staking
INACTIVE at launch
Governance
INACTIVE at launch
USDT Payments
USDT transfers have gasless transactions
Value Capture
Where all fees and payments are collected
Foundation Paymaster
Pays the gas fees for the user from the treasury reserve
EIP-1559 Burns
Base fees permanently removed
Validators
Priority tips + block rewards
Staking Rewards
INACTIVE - 3-5% APY when live
Inflation Engine
5% → 3% annual emission
$XPL Token Flow
Stablecoin-native L1 with incomplete accrual
Tokenomics
40% for Ecosystem and Growth

XPL Tokenomics FAQ – Key Questions About Plasma

What is the utility of the XPL token?

Plasma has 4 primary token utilities:

  • Governance: Documentation mentions future DAO voting rights, but non operational at launch. No voting mechanisms, proposal systems, or governance interfaces implemented from launch.
  • Gas Fee: XPL required for all non USDT transactions including smart contract deployments, DeFi interactions, and complex operations.
  • Medium of Exchange: XPL used for gas payments and validator tips but not for general payments on the blockchain.
  • Staking (PoS): Network runs on PoS (PlasmaBFT) with 5% initial inflation decreasing to 3% terminal rate. Validator staking operational but delegation to regular holders not activated.

What is the token allocation for XPL?

Plasma token distribution allocates 10,000,000,000 XPL across 4 primary stakeholder groups:

  • Community: 40.00% (Ecosystem & Growth 40.00%)
  • Investors: 25.00% (Investors 25.00%)
  • Insiders: 25.00% (Team 25.00%)
  • Public Sale: 10.00% (Public Sale 10.00%)

What is the vesting schedule for XPL?

XPL uses variable cliffs and vesting schedules that change depending on the allocation:

  • Ecosystem & Growth: 20.0% at TGE , 36 Month Linear Vesting
  • Investors: 12 Month Cliff, 24 Month Linear Vesting
  • Team: 12 Month Cliff, 24 Month Linear Vesting
  • Public Sale: 100.0% at TGE

How many XPL tokens unlock at TGE?

18% of the total supply (1,800,000,000 XPL) is unlocked at TGE, with the tokens split between Public Sale and Community.

What is the total supply and circulating supply of XPL?

Plasma has a total supply of 10,000,000,000 XPL, of which 1,977,760,000 XPL (19.8% of total) is currently circulating.

What is the token emission schedule for XPL?

Total length of the full Plasma emission schedule is 4 years, with 27.78% released in Year 1, while the remaining 72.23% is released over the following 3 years.

What are the investor terms for XPL private and seed rounds?

Plasma has 2 investor rounds, with the following investment price and vesting:

  • Public Sale: priced at $0.05, with 100.00% at TGE, 100.0% at TGE
  • Investors: priced at $0.01, with 12 Month Cliff, 24 Month Linear Vesting

What percentage of XPL is allocated to the community?

40% of the Plasma supply is allocated to community focused pools such as Ecosystem & Growth.

What is Plasma (XPL)?

Plasma XPL tokenomics drives purpose-built Layer-1 blockchain infrastructure optimized for stablecoin settlement and cross-chain interoperability. The protocol leverages PlasmaBFT consensus mechanism enabling high-throughput transactions with fast finality under full Byzantine fault tolerance. XPL token economics support zero-fee USDT transfers through on-chain gas sponsorship, custom gas token payments in stablecoins or BTC, and trust-minimized Bitcoin bridge functionality. EVM compatibility via Reth-based execution enables seamless Ethereum smart contract deployment while confidential payment features protect user privacy with maintained auditability.

This tokenomics data is maintained by Tokenomics.com and updated automatically from our analytics engine.

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