Exchange XPLA

What is XPLA (XPLA)?

XPLA (XPLA) is a Layer 1 blockchain platform launched on August 19, 2022, designed to serve as a hub for digital media content, including Web3 games, NFTs, and metaverse applications. Developed by a consortium of partners led by Com2uS, XPLA aims to provide a sustainable and developer-friendly environment for content creation and distribution.​

XPLA project milestones

• Mainnet Launch: XPLA's mainnet went live, marking the beginning of its journey as a content-driven blockchain platform.​
• Partnership Expansion: The network formed collaborations with over 50 partners, including Com2uS, enhancing its content offerings and ecosystem diversity.​
• Validator Network Growth: XPLA increased its validator count from 40 to 80, strengthening network security and decentralization.​
• DApp and Game Integration: The platform onboarded nine Web3 games and 25 decentralized applications, contributing to a total of 704,764 transactions within its first year.​
• Community Engagement Initiatives: Launched programs like the Ambassador Program and participated in global conferences, growing its community to over 100,000 members.​

Stay updated with the latest XPLA (XPLA) news, as any update may significantly affect the XPLA price.​

Tokenomics of XPLA

XPLA (XPLA) operates on its own Layer 1 blockchain, utilizing the Cosmos SDK for optimization. The primary purpose of issuing XPLA is to facilitate transactions within its ecosystem, including gaming, NFTs, and other digital content applications. XPLA is a native utility token within its network, with a total supply capped at 2 billion tokens. The XPLA (XPLA) exchange market supports various trading platforms, providing liquidity for users.​

Key features of XPLA (XPLA)

XPLA (XPLA) distinguishes itself through several unique features that enhance its appeal:​

• Cosmos SDK Integration: Utilizes the Cosmos SDK, enabling interoperability with other blockchains and facilitating seamless cross-chain transactions.​
• EVM Compatibility: Supports Ethereum Virtual Machine (EVM), allowing developers to deploy Ethereum-based smart contracts on the XPLA network.​
• Diverse Content Ecosystem: Hosts a variety of digital content, including Web3 games, NFTs, and metaverse applications, fostering a vibrant user experience.​
• Robust Security Framework: Maintains a strong validator network, ensuring decentralized governance and enhanced security for transactions and applications.​

These features contribute to XPLA's versatility and robustness, making it a compelling choice for developers and users alike.​

Use cases:

• Gaming: Facilitates the development and deployment of Web3 games, offering in-game asset tokenization and player ownership.​
• NFT Marketplace: Provides a platform for creating, buying, and selling non-fungible tokens, supporting digital art and collectibles.​
• Metaverse Applications: Enables the creation of virtual worlds and experiences, integrating various forms of digital content.​
• Decentralized Applications (DApps): Supports a range of DApps across different sectors, enhancing the blockchain's utility and reach.​

The average fees on the XPLA Network

On the XPLA network, gas fees are required to process transactions. Validators set their own minimum gas fees, and unused gas is not refunded. As of now, specific gas fee amounts in USD are not readily available. However, users can expect fees to vary based on network activity and validator settings. The XPLA (XPLA) exchange platforms incorporate these fees into transactions to ensure efficiency.​

The XPLA token wallets

XPLA (XPLA) can be stored in various wallets, each offering distinct features:​

• XPLA Vault: The standard wallet for managing XPLA tokens, available as a mobile app and Chrome extension.​
• C2X Vault: Designed for the C2X gaming platform, facilitating in-game transactions and asset management.
• MetaMask: A widely-used Ethereum wallet compatible with XPLA through EVM integration.​
• Ledger Nano S/X: Hardware wallets offering secure cold storage for XPLA tokens.​
• Trust Wallet: A mobile wallet supporting multiple cryptocurrencies, including XPLA.​

These wallets provide users with options tailored to their security and accessibility preferences.​

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