Chamcha (CHAX)
1. Fundamental Analysis
1.1 Introduce
CHAX is the exclusive token of the Chamcha platform, serving as the infrastructure for various Ordinals asset transactions within the Bitcoin ecosystem. With the Mutil Bridge technology, CHAX supports cross-chain operations between BRC and ERC and integrates the Lightning Network. The platform introduces a burning mechanism, regularly disclosing the amount burned, with the burning rate accelerating as the number of participants increases, aiming to maintain a relatively high CHAX price. The launch of the staking pool provides additional earning opportunities for CHAX holders, with approximately 2% of the circulating supply already staked. AI Yield Farming, utilizing AI models, helps select the most promising BRC20 assets, enabling CHAX participants to generate more income. In the future, the project plans to support Rollup L2 technology, and with ongoing development, various applications will gradually be implemented.
1.2 Basic Info
| Name | Value | Name | Value |
|---|---|---|---|
| Symbol | CHAX | Market Cap | 21735 |
| Name | Chamcha | White Paper | -- |
| Web Site | https://chamcha.io/ | Is ICO | None |
| Wallet | -- | Raised Funds | - |
| Source | -- | Distribution | - |
| Explorer | https://mempool.space/ | Algorithm | -- |
| Forum | -- | Proof | -- |
| Mining | Total | 1890000000 | |
| Supply | 1890000000 | Release Date | 2023-11-16 |
| Available Supply | 189000000 |
2. Technical Analysis
2.1 Kline Chart
2.2 Analysis
The K-line daily chart shows a pattern of consolidation and potential upward momentum. The price has been fluctuating within a narrow range, but there have been several instances where the price has broken out of this range, indicating potential future upward movement. The volume has been increasing, suggesting growing interest in the asset. Overall, the trend appears to be bullish with the possibility of a continuation of the upward trend.
