The XPLA coin (XPLA) is the native cryptocurrency of the XPLA blockchain, a Layer 1 platform primarily focused on Web3 gaming and digital media content. It is designed to bridge traditional gaming with the blockchain ecosystem through its "Play to Own" (P2O) model, allowing players true ownership of in-game assets.
Key Features and Purpose
Focus on Gaming & Content: XPLA serves as a hub for a wide range of digital content, including games, NFTs, and metaverse applications, aiming to be a content-driven universal entertainment blockchain. It has onboarded popular game IPs such as The Walking Dead: All-Stars and Summoners War: Chronicles.
Technology & Interoperability: Built using the Cosmos SDK and secured by the Tendermint consensus mechanism, XPLA offers fast transaction finality (around 6 seconds). It is also compatible with the Ethereum Virtual Machine (EVM), allowing developers to deploy Ethereum-based smart contracts easily. The Inter-Blockchain Communication (IBC) protocol enables seamless asset transfer and communication with other Cosmos-based chains.
"Play to Own" (P2O) Model: The platform emphasizes the P2O concept, where user effort and ownership of digital assets (which can be traded across the XPLA ecosystem) are valued, in contrast to the "Play to Earn" model.
Security and Compliance: XPLA uses a Proof-of-Stake (PoS) consensus model and has obtained ISAE 3000 certification, a global standard for internal controls, to ensure a secure and reliable network.
XPLA Coin Uses
The native XPLA token has several core functions within the ecosystem:
Transaction Fees (Gas): XPLA is used to pay for gas fees associated with transactions and smart contract execution on the network.
Staking & Network Security: Token holders can stake their XPLA to validators to help secure the network and validate transactions, earning a portion of the transaction fees as rewards.
Governance: XPLA is the governance token.
