plasmautility
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How Plasma’s Best Feature is Killing its Native Token?
@Plasma blockchain is performing exceptionally well technically and providing genuine utility, but their "Gasless" feature has become a death sentence for their native token, $XPL
Since users can transfer $USDT with zero fees, there is no longer a reason for anyone to hold #XPL . This "Utility Paradox" has turned the token into nothing more than an "inflationary farm" where people immediately dump their rewards as soon as they get them. Unless organic demand returns, Future schedule unlocks could make the current 92% price crash even worse.
#Plasma #PlasmaUtility #TokenUnlock
@Plasma blockchain is performing exceptionally well technically and providing genuine utility, but their "Gasless" feature has become a death sentence for their native token, $XPL
Since users can transfer $USDT with zero fees, there is no longer a reason for anyone to hold #XPL . This "Utility Paradox" has turned the token into nothing more than an "inflationary farm" where people immediately dump their rewards as soon as they get them. Unless organic demand returns, Future schedule unlocks could make the current 92% price crash even worse.
#Plasma #PlasmaUtility #TokenUnlock
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