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What is Xaya (CHI) coin and how does it work?

by Financial Economy

Xaya is a language and blockchain agnostic platform developed to be fully decentralized, used to create permissionless, unreliable and serverless games and DAPPs. The native cryptocurrency of the Xaya blockchain is the CHI token. CHI Coin is the platform’s cryptocurrency used as a telemetry data warehouse for cryptographic security. Information about some topics that what is Xaya (CHI) coin, how it works, how to buy it, on which exchange, how much is it, etc. is in continuation of the article. You can check out here for informaiton about Chainge (CHNG) coin.

What is Xaya (CHI) coin and how does it work?

The Xaya project was developed to solve scalability issues that lead to performance and computational complexity for games and DAPPs. Xaya, a forked blockchain code from Bitcoin and Namecoin, eliminates problems for computationally complex real-time multiplayer online games and DAAPs with its technology. The Xaya project uses game state processors (GSPs) to separate computations from the blockchain.

Xaya founders!

The Xaya project was developed by Andrew Colosimo, Daniel Kraft, Konstantin Gorkskov, Sebastian de Gruiter and Ryan Smyth.

CHI coin advantages and disadvantages!

The positive aspects of Xaya (CHI) Token are listed below:

  • With GSPs, it can provide a real-time reliable gaming experience without inflating the blockchain.
  • Low transaction fees give the project a significant advantage over its biggest competitor, Ethereum.
  • The possibility of using CHI Coin in games may increase the interest of DLT-based game lovers in the token.
  • Backed by billion-dollar institutional investors.

The negative features of the Xaya (CHI) Token can be referred to as:

  • The sudden drop in prices left a great risk image in the minds of investors.
  • In order to protect against the risk of attack, offline wallet solutions should be used.
  • It is not listed on major cryptocurrency exchanges such as Binance, Huobi Global, OKEx, and Gate.io.

Which exchange is CHI coin on?

Xaya coin is listed on some cryptocurrency exchanges such as CITEX, CoinEx, PancakeSwap (V2), Honeyswap, ProBit Global, etc.

How to buy CHI coins?

Xaya coin can be purchased from listed some cryptocurrency exchanges, like mentioned above. However, before trading, it is necessary to make sure that the exchange and the crypto project are “RELIABLE”. It is so important point for investors.

CHI coin supply!

Total supply of Xaya coin is 57.605.022 CHI.

CHI coin price!

As of July 31, 2022, at the time of the writing, 1 Xaya coin price is around $0,0850 (because of the volatility on crypto market the price can change instantly).

Caution: The information contained in this content is for general informational purposes only. It is not investment advice.

For information about cryptocurrency: https://en.wikipedia.org/wiki/Cryptocurrency

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