What is XPLA ($XPLA)?

Do you already know what XPLA is? XPLA is an open source blockchain project that hosts a vibrant ecosystem of decentralized applications (dApps) and world-class developer tools. Built on Tendermint technology, XPLA aims to be a robust, secure, fast and affordable blockchain network. A network capable of developing compatible decentralized applications.

Among these applications are those focused on the world of video games, which seek to take advantage of the capabilities of the Cosmos ecosystem and networks based on the Ethereum Virtual Machine (EVM). In this way, XPLA allows developers to easily connect with other blockchains and at the same time accelerate development on said networks.

Thus, with the use of consensus Proof of Stake (PoS), compatibility with Ethereum Virtual Machine (EVM), and access to a complete development kit, which will make this a development space for extensive De-Fi, Play to Own (P2O) gaming experiences. All this in order to drive the adoption of Web2 users to the Web3 space.

A network focused on gaming development

XPLA is a project that seeks to transform itself into an ecosystem dedicated to the development of new experiences in video games and entertainment. In this way, it seeks to distinguish itself as a space where technology and art converge, developing dApps and protocols that facilitate the transition to Web3. All this in order to build an all-in-one blockchain gaming platform, known as «XPLA GAMES».

Although XPLA is a relatively new project within the community, it seeks to become an important player in the blockchain gaming industry. To do this, it focuses on providing developer-friendly tools and resources, as well as cross-chain compatibility. In this way, they seek to make XPLA well positioned to become a leading platform for dApp development. Thus, they can be highlighted:

• XPLA is a blockchain mainnet originally built by Com2Us.
• It seeks to develop a gaming platform that also acts as a hub for all types of multimedia content.
• XPLA seeks to bridge the gap between Web2 and Web3 in the gaming industry.
• Create wallets and browsers, as well as provide developers with technical and design support.
• XPLA is based on Tendermint, a popular blockchain consensus protocol with Byzantine Fault Tolerant (BFT) capabilities.
• It offers cross-chain capability, meaning it can easily connect with other chains.
• XPLA is a developer-friendly chain, focused on providing the tools and resources developers need to create successful dApps.

XPLA operation

Now, let's explore a little how XPLA works. lThe XPLA blockchain is built using technology from Tendermint. Such a protocol has long served as the basis for several other blockchain mainnets (such as Cosmos), and has been recognized not only for its excellent stability, but also for its flexibility, scalability, and features.

With Tendermint as a base and as well as the use of Cosmos SDK and a PoS algorithm, all holders of the XPLA ecosystem can participate in the network's block verification process, thus adding to the security of the network. At the same time, the network has the capacity not only to make use of elements of the Cosmos ecosystem, but also to take advantage of the operation and capabilities of the Ethereum Virtual Machine (EVM).

This duality of capabilities aims for the project to be capable of running dApps based on Ethereum and Cosmos. This attempts to expand the scope of this chain, its technical capabilities and the applications that can be developed. To achieve all this, XPLA makes use of a unique structure in which we can see three layers of operation, which are described in the following image, and which are:

1. Tendermint Core
2. Application Layer
3. Service Layer

XPLA operating architecture

Now, the operating structure or architecture of XPLA is divided into three layers, which are:

Tendermint Core Layer

XPLA's operation is based on the Tendermint protocol, known as Tendermint Core. At this point, the network is divided into two parts: a P2P communication layer and a second layer dedicated to the consensus algorithm driven by a Proof of Stake system.

This layer communicates with the next known layer (Application Layer) using an interface known as ABCI (Application Blockchain Interface). This interface is designed so that blockchain transactions They can be completed using any programming language desired by developers. This is in order to facilitate the development of applications on this network.

application layer

The second layer is the Application Layer, in which the intermediate network services are deployed. Services such as governance system, staking, authentication, support for CosmWASM, cross-chain communication protocol and DApp deployment are all possible thanks to this application.

This section is expandable through modules that allow new functionalities to be included as necessary. Modularity allows you to develop and provide various Web 2.0-based service modules converted for Web 3.0. By doing this, applications for the XPLA chain will be developed at the core layer and linked to any corresponding Wallet and dApp services.

Service Layer

Finally, the third layer is the service layer, in which modules are deployed that allow operation such as the Wallet, the ServerStation, the GatewayServer, the interaction and development layer of smart contracts, ART services and development SDK. Basically, in this Layer everything necessary is deployed so that users can enjoy the services of this network.

XPLA Chain Consensus Protocol

XPLA builds its entire operation on these layers. Here we can highlight that XPLA is a Proof of Stake (PoS) blockchain, powered by Cosmos SDK and secured by a verification system called Tendermint consensus. This is important because it allows us to explain the on-chain operation of XPLA, which can be divided into the following steps:

• A validator called a proposer is chosen to submit a new block of transactions.
• Validators vote in two rounds whether to accept or reject the proposed block. If a block is rejected, a new proposer is selected and the process begins again.
• If accepted, the block is signed and added to the chain.
• Block transaction fees are distributed as staking rewards among validators and delegates. Proposers receive an additional reward for their participation.

This process repeats itself, adding new blocks of transactions to the chain. Each validator has a copy of all transactions made on the network, which they compare to the proposed transaction block before voting. Because consensus voting involves multiple independent validators, it is not feasible for any fake block to be accepted. In this way, validators protect the integrity of the XPLA Chain and ensure the validity of each transaction.

Staking and its role in the consensus protocol

By making use of the Tendermint consensus protocol, it is possible to stake XPLA's native token, the $XPLA token. Through the staking process, we can link our $XPLA to a validator in exchange for earning rewards. Due to the particularities of Tendermint, XPLA can only deploy 130 main validators, which participate in the consensus.

A validator's rank is determined by their stake or the total amount of XPLA attributed to them. Although validators can link XPLA to themselves, they primarily accumulate larger stakes from delegates. Validators with larger stakes are chosen more frequently to propose new blocks and earn proportionally more rewards.

For their part, delegators are users who want to receive rewards for participating in the staking of the consensus system and validation of operations within the network, all without running a full node. Any user who stakes one of the validator nodes is a delegator, which ends up increasing the weight of the validator and their ability to receive more rewards in the process.

A relevant point about $XPLA staking is that three phases apply to it:

• Unbound: a state where $XPLA can be freely traded and is not committed to a validator.
• Bonded: where the $XPLA is staked within a validator. Only in this state does $XPLA accumulate staking rewards.
• Disassociation: In this state the $XPLA is in the process of going from Bonded to Unbound state. A process that takes 21 days to complete and is designed to avoid massive manipulations to the network's validators.

XPLA Chain Tokenomics

Knowing how the consensus protocol and the XPLA network work, it is time to understand how the tokenomics of the network works. In this case, the network's native token is the $XPLA token. These are the highest level tokens within the XPLA chain ecosystem and have a total supply of 2 billion tokens.

$XPLA tokens can be freely owned, transferred and exchanged. Additionally, $XPLA also serves as a governance token, allowing its holders to exercise rights as primary agents in the operation of the network. The distribution of these tokens responds to the following table:

Token Uses

At this point, the token allows the generation of a complete tokenomics to sustain everything. We emphasize that:

• Ecosystem (43%). This supply will be distributed to expand the ecosystem through partnership or investment (directly or indirectly) with Defi projects, protocols, marketplaces and dApps, or to maintain XPLA. This distribution can be used to strengthen the stability and security of the main network.
• Community (3%). This supply will be distributed in order to revitalize communities and create market autonomy, which are the main components of the mainnet ecosystem.
• Genesis collaborators (15%). This supply will be distributed to partners who contributed to the initial creation of XPLA.
• Sponsors (15%). This supply for backers will be distributed in order to build the ecosystem in the initial stage of the platform and will be provided to the initial investor partners to form and stabilize the initial ecosystem.
• Marketing (3%). This offer for Marketing will be used for marketing activities for the initial growth of the platform.
• Team (15%). This supply for the Equipment will be distributed to developers from various fields as necessary for the initial development of the platform, developers who participated in the development and operation of the market economy, and other parties who have directly or indirectly participated in the establishment of the platform.
• Validation Settlement (3%). This Validation Settlement supply will be provided to stabilize the validators involved in the operation of XPLA nodes. This Validation Settlement offer will be delegated equally to XPLA validators.
• Advisors (2%). This Advisor offering will be distributed to external advisors and consultants who participated in the initial development and design of the platform.
• Reserve (1%). This supply for the Reserve is configured to prepare for urgent or risky circumstances during the functioning of the ecosystem. It will be used on a situational basis if deemed urgent by XPLA validators through XPLA Governance.

Network Rewards

A relevant part of XPLA tokenomics incentivizes validators and delegators with rewards for their staking on the network, gas commissions paid for transactions, and inflation rewards.

• Gas- Calculate fees added to each transaction to avoid spam. Validators set minimum gas prices and reject transactions involving gas prices below this threshold.
• Inflation Rewards: In each block, new XPLA is minted and given to validators and delegates as staking rewards only if inflation on the XPLA chain exceeds 0%. As the current rate for minting new XPLA is set at 0% per annum, there are no additional rewards from inflation.
• XPLA Foundation Delegation Rewards: 20% of the rewards the foundation earns are given to validators and delegates.

At the end of each block, transaction fees and inflationary rewards are distributed to each validator and their delegates in proportion to the amount staked. Validators can keep a portion of the rewards to pay for their services. This portion is called commission. The rest of the rewards are distributed to the delegates according to the amounts wagered.

network governance

Another relevant part of XPLA Chain is its decentralized operation thanks to the governance system managed by community members. Governance is the democratic process that allows users and validators to make changes to the XPLA Chain. Community members submit, vote on, and implement proposals.

Proposals begin as ideas within the community. A community member writes and submits a proposal along with an initial deposit. The most common proposal types include:

• Parameter Change Proposal: To change the parameters defined in each module.
• Community Pool Spend Proposal: To spend funds in the community fund.
• Text Proposal: to handle other issues, such as large directional changes or any decisions that require manual implementation.

Community members vote using their staked $XPLA. Each $XPLA staked is equivalent to one vote. If a user does not specify a vote, his vote is assigned by default to the validator to which he is performing or delegating. Validators vote with their entire stake unless specified by delegates. For this reason, it is very important that each delegate votes according to their preferences.