chi gastoken | BTCC Knowledge

chi gastoken pepe unchain Bnb Eth XRP aave Bitcoin crypto futures

What is Chi gastoken?

The Chi Gastoken is an ERC20-standard token that is meant to be used on 1inch exchange to pay transaction costs. The idea is similar to the GasToken token concept but it has some improvements. Chi is pegged to the Ethereum network’s gas price. When the gas price is low, the Chi price is also low, and the opposite.

What is the difference between Chi and gas token?

Just like GasToken, Chi is tokenized gas on the Ethereum network. The only difference is that Chi is used on 1inch and Curve, while GasToken is used across the entire Ethereum network. Buying (minting) Chi saves you 1% in comparison with minting GasToken (GST2). The selling (burning) of Chi saves you 10%, compared with GST2.

Is there a correlation between Chi gastokens minted & price?

There is no correlation between the number of Chi gastokens minted (total supply) and its price, as Chi minting is available to anyone at any time. This token was designed to be destructed for the refund. However, after its launch, Chi will begin to trade on secondary markets where its price is defined by demand.

Does 1inch have a gastoken?

It has been almost two months since 1inch launched its own gastoken — Chi. The innovative project placed first at DeFi’s “Hack Money” event in May and then quickly became available to users. Since then, we have been closely watching the performance of this token.

Trump Crypto Summit: Everything You Need to Know2025-03-07 17:39:14The White House is hosting the first-ever Donald Trump […]

What is Pwease Coin? Everything You Need To Know2025-03-07 16:27:54Meme currencies are nothing new in the cryptocurrency s […]

Bitcoin Pepe ($BPEP) Meme Coin Review & Analysis: Next 100x Token?2025-03-07 16:12:31As the concept of a US Strategic Crypto Reserve takes s […]

What is Grok Coin? Everything You Need To Know2025-03-07 15:58:06Recently, GROK Coin has begun to garner interest in the […]

Dropee Daily Combo March 7, 20252025-03-07 14:55:46With the arrival of the much awaited Dropee Daily Combo […]

How to Trade Crypto Futures Contracts on BTCC 2024-12-17 14:20:03 BTCC is one of the oldest / most established cryptocurrency exchanges, supportin...

Bitcoin Price Prediction: $100,000 BTC Incoming as the ETF Deadline Ends Today? 2024-01-15 11:37:01 The most famous cryptocurrency, Bitcoin, recently seen a jump to about $48,000, which is a shocking ...

TerraClassicUSD (USTC) and BLUR Trading Pairs Announced by Binance 2023-12-08 15:10:07 FDUSD and TRY are two new trading pairs that Binance has announced, which bodes well for the future ...

TerraClassicUSD (USTC) Price Prediction 2023,2025, 2030 — Is USTC a Good Investment? 2023-11-28 10:22:26 USTC is currently one of the most talked about cryptocurrency initiatives. According to the official...

TerraClassicUSD (USTC) Price Prediction 2023, 2025, 2030 2023-07-31 12:00:01 If you’re looking for the TerraClassicUSD (USTC) price prediction or finding the potential of the US...