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Average Ratings 0 Ratings
Description
Events function as ephemeral economies, providing a prime opportunity for the integration of cryptocurrencies and blockchain technology. Nevertheless, existing blockchain platforms are often hindered by sluggish transaction rates, environmental concerns, high fees, and the lack of off-grid payment options. The CHI Network emerges as a decentralized blockchain and DAO tailored for the events sector, facilitating off-grid transactions. It is interconnected with well-known networks such as Ethereum and utilizes CHI Coins, X Cash, and various rewards systems. By staking and locking CHI tokens, users can earn additional rewards based on their X Cash holdings, along with other benefits like chargeback options. Transaction fees for utilizing protocols and the ticket marketplace are deducted in CHI tokens. Revenue generated is split equally between the event organizers and the CHI Network DAO. The tokens serve as collateral for proposals within the CHI Network and its associated Event DAOs. Furthermore, by staking CHI Tokens in the court pool, individuals can serve as jurors and receive CHI Token rewards for resolving disputes within the DAO, thus fostering a participatory ecosystem. The system is designed to enhance user engagement and ensure fair resolutions within the community.
Description
JTO empowers token holders to influence important decisions that will guide the future development of the Jito Network, ensuring it progresses in accordance with user requirements and the larger Solana ecosystem. Jito's innovative software enhances the efficiency of Solana's operations while allowing for the generation of MEV rewards. By staking in Jito's stake pool, validators are motivated to share MEV profits more equitably. Users can deposit SOL into this pool to receive JitoSOL, which enables them to benefit from extra APY generated through the redistribution of MEV rewards. Furthermore, the JitoSOL not only accumulates MEV rewards but also provides additional staking benefits. The primary goal of the Jito Foundation's liquid staking initiative is to promote decentralization and elevate the overall performance of the Solana blockchain. Validators who fulfill specific criteria may qualify for stake delegation, thereby boosting their engagement with the network. By delivering substantial returns to JitoSOL holders, the initiative encourages a greater stake in the network, while simultaneously promoting the use of Jito-Solana’s validator client, which enhances staking yields and reduces the risk of spam activities. Ultimately, this multifaceted approach aims to create a robust and sustainable ecosystem for all participants involved.
API Access
Has API
API Access
Has API
Integrations
Arbitrum
Base App
Bitget Wallet
Brave Wallet
Clover
Coin98
Firefox Nightly
Glow Wallet
Jupiter
Kamino Finance
Integrations
Arbitrum
Base App
Bitget Wallet
Brave Wallet
Clover
Coin98
Firefox Nightly
Glow Wallet
Jupiter
Kamino Finance
Pricing Details
No price information available.
Free Trial
Free Version
Pricing Details
No price information available.
Free Trial
Free Version
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Vendor Details
Company Name
CHI Network
Founded
2022
Country
Switzerland
Website
chinetwork.io
Vendor Details
Company Name
Jito
Website
www.jito.network/