Chia (XCH) is a cryptocurrency designed to offer a more sustainable and efficient blockchain network. Founded by Bram Cohen, the creator of BitTorrent, Chia Network focuses on leveraging proof-of-space and proof-of-time mechanisms to reduce energy consumption. This article explores real-time market data, key features, and practical considerations for engaging with XCH.
Chia (XCH) Real-Time Market Overview
As of the latest data, Chia (XCH) is priced at $9.95, with a 24-hour trading volume of $5,351,617. The token has experienced a 4.32% price increase over the past day. The circulating supply stands at 14.41 million XCH, against a maximum supply of 84.04 million and a total supply of 33.19 million. The circulation rate is 43.42%, resulting in a market capitalization of $143,444,232.
For those interested in exploring on-chain data, several blockchain explorers are available, such as Chia Explorer.
What Is Chia Network (XCH)?
Chia Network was established in August 2017 with the goal of creating an enhanced blockchain and smart transaction platform. Its innovative approach uses proof-of-space and proof-of-time, making it more energy-efficient compared to traditional proof-of-work systems. The project pre-mined 21 million Chia tokens at launch to support ecosystem growth and stability through strategic lending programs.
Chia's Halving Schedule
Chia incorporates a halving mechanism to control inflation and manage token distribution:
- First 3 years after mainnet launch: 64 XCH generated every 10 minutes.
- Years 4 to 6: 32 XCH every 10 minutes.
- Years 7 to 9: 16 XCH every 10 minutes.
- Years 10 to 12: 8 XCH every 10 minutes.
- After year 12: 4 XCH every 10 minutes indefinitely.
This structured emission schedule aims to balance supply growth with long-term network security.
Social Media and Community
Chia maintains an active community through various platforms:
- Facebook: Chia Project
- Twitter: @chia_project
- Medium: @chia.net
These channels provide updates, technical insights, and community engagement opportunities.
Frequently Asked Questions
What is the current value of 1 Chia in Chinese Yuan?
The value of XCH in CNY fluctuates based on market conditions. To get the most accurate conversion, check a reliable cryptocurrency exchange or financial data platform that provides real-time fiat conversions.
What was the all-time high price for Chia?
Chia reached its peak price shortly after its mainnet launch, driven by initial hype and market speculation. For precise historical data, refer to market-tracking websites that archive price trends and milestones.
Which platforms are best for buying Chia?
You can purchase XCH through several centralized (CEX) and decentralized (DEX) exchanges. It is essential to choose platforms with strong security measures, reasonable fees, and high liquidity. Always verify the token contract address to avoid scams.
Is Chia Network (XCH) suitable for long-term investment?
Long-term investment in XCH depends on individual risk tolerance and market research. Like all cryptocurrencies, XCH is volatile. Evaluate the project’s fundamentals, team background, tokenomics, and market conditions before investing. 👉 Explore more strategies for managing crypto investments.
Can I short-sell Chia Network (XCH)?
Short-selling XCH is possible through margin trading, perpetual contracts, or futures on supported exchanges. However, this strategy carries significant risk and requires a thorough understanding of market mechanisms. Always use risk management tools when engaging in advanced trading.
What are the alternatives to investing in XCH?
Besides direct investment, participants can engage in staking, liquidity provision, or using Chia-based decentralized applications. Each method comes with its own risks and rewards, so due diligence is critical.