Plascan ($PSCAN) addresses this challenge on the Plasma (XPL) chain.
Centralization Risk
A single operator can censor, throttle, or go offline, disrupting access to essential data.
Opaque Practices
Users rarely know how their data is indexed, stored, or monetized by centralized services.
No Community Incentives
Those who provide the infrastructure—nodes, bandwidth, storage—receive little to no direct reward.
Governance
Token holders can propose and vote on network parameters, such as incentive rates, indexing priorities, and treasury spending.
Staking for Service Providers
Indexers and RPC providers must stake $PSCAN to participate. This stake acts as a security deposit—misbehavior or poor performance can result in slashing.
Payments for Data Services
Developers and dApps can use $PSCAN to pay for API calls, advanced analytics, and enriched data feeds.