What is XPR
XPR is the native asset for Proton Chain, a decentralized payments protocol capable of storing multiple identity assestations for both individuals (KYC) and businesses (KYB), providing human readable @names for simple P2P payments. The Proton Token XPR serves three main functions: governance of the chain, allocation of network resources, and staking rewards to long term holders. Proton is compatible with multiple wrapped stablecoins including USDC, PAX and TUSD, with infrastructure to support 4,000 transactions per second and no gas fees paid by the user. Proton apps support in-wallet payment requests, eliminating the need for chrome plugins, DApp browsers or other services. Users can convert between ERC-20 tokens, BTC and Protocon coins using Proton Swap decentralized exchange, as well as trade non-fungible tokens (NFTs) on Proton Market. Proton Sign provides users with a blockchain based document signing utility.
