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Gate.io will list Chia Network IOU(XCH)

2021-04-30 10:13:39Read:85783

Gate.io is going to commence Chia Network IOU(XCH) trading on Apr.30, 2021 07:00 UTC.

About XCH:
Chia Network is A new blockchain and smart transaction platform that is easier to use, more efficient, and secure.
Token symbol:XCH
Website:https://www.chia.net

Chia Network IOU(XCH)/USDT Trading starts: Apr.30, 2021 07:00 UTC

Deposit Chia Network IOU(XCH) at https://www.gate.io/myaccount/deposit/XCH
Trade Chia Network IOU(XCH) in USDT market via: https://www.gate.io/trade/XCH_USDT
Trade Chia Network IOU(XCH) in ETH market via:https://www.gate.io/trade/XCH_ETH

Please note, Chia is still in the pre-minting phase, where tokens are not transferable. The tokens in circulation are pre-deposit from miners, backed by their respective mining pools. When Chia mainnet tokens are live, these IOU tokens will be swapped for the mainnet tokens. The current Chia supply is 21410, 000 tokens, among which 21000,000 are in control of the Chia team, 410 000 minted already. The amount of circulating tokens is small at first, and will reach 5 million or above in a year, which represents a high inflation rate. Gate.io lists the Chia token when it is still an IOU. The price might be hyped due to the small supply. When the mainnet tokens start to circulate sometime between May 3-4, more tokens will be deposited to exchanges, which might cause dramatic price fluctuation. Meanwhile, as more tokens minted, the high inflation rate will also pose great downside pressure to the market price. Please beware of the high risks and don’t just ape in. It is possible that the price might fluctuate dramatically or even plummet in a few days. We discourage non-professional traders from participating in trading.

Gate.io is an established exchange that holds integrity, transparency, and fairness to a very high standard. We charge zero listing fees and only choose quality and promising projects. Our exchange consists only of 100% real trading volume. Thanks to everyone who has joined us in our journey. We always intend to improve and innovate to reward our users for their continuous support.


Gate.io Team
April 30, 2021

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