What is CHI
CHI is a next-generation ERC-20 gastoken created by 1inch decentralized exchange (DEX) platform. 1inch Exchange allows users to save a significant percentage of Ethereum transaction (gas) fees that occur while swapping between ERC-20 assets by holding Chi Gastoken and using CHI instead of ETH to pay for gas fees at a discounted rate. 1inch encourages users to buy/mint CHI when ETH gas prices are relatively low and sell CHI when ETH gas prices increase to meet market demand and maximize CHI holdings overall. Users can also provide liquidity to various CHI liquidity pools such as CHI-WETH to earn additional income on their gastoken holdings. Transactions on 1inch Exchange are on average 42% cheaper than other ERC-20 DEX platforms.
