chia logo
Chia
XCH
$27.43

Sector

Smart Contracts

Exchange Debut

2021-05-04

Market Cap

289,336,394

Maxim Supply

Circulating Supply

10,549,405

Circ. Supply(%)

chia logo

Chia

XCH

Price

$27.43

Market Cap

Sector

Exchange Debut

289,336,394
2021-05-04

Volume 24h

High 24h

Low 24h

17905871
28.029910779918
27.152031606132

Change 24h

Change 7d

Change 30d

-1.5493
-9.9392
-9.8149

Maxim supply

Circulating supply

Circulating supply(%)

10,549,405

The opinion of artificial intelligence (AI), based on the fundamental analysis of the Chia-XCH cryptocurrency:

 

The Chia Network (XCH) emerges as a distinctive player in the cryptocurrency arena, leveraging its unique proof-of-space-and-time (PoST) consensus mechanism and Chialisp programming language. This innovative approach underscores a commitment to energy efficiency without sacrificing network security. Aiming for enterprise-level application and potential listings on prominent stock exchanges like NYSE or NASDAQ, Chia Network holds a promising position in the market. With a fundamental analysis of the Chia-XCH cryptocurrency, it achieves a composite score of 6.75 out of 10, reflecting varied strengths and areas for improvement across multiple dimensions.

SOCIAL & MASS MEDIA: Score 6.4 out of 10

The Chia Network’s performance in social and media engagement presents a mixed bag. While it excels in community activity on social media pages and media presence, both scoring a perfect 10, it falls short in attracting followers and the size of chat group communities. These aspects highlight the need for a more robust online presence and community engagement to bolster its visibility and reach.

AUDIT & SECURITY: Score 7.19 out of 10

In terms of audit and security, Chia Network scores a respectable 7.19 out of 10. The audit results are strong, indicating a reliable and secure framework. However, there’s room for improvement in transparency and liquidity on exchanges, aspects crucial for investor confidence and ease of transaction.

TOKENOMICS: Score 3.95 out of 10

The token economy of Chia Network, scoring 3.95 out of 10, indicates potential challenges. The inflationary nature of the project and centralization of the monetary mass suggest a need for strategic adjustments to enhance economic stability and investor appeal.

ECOSYSTEM DEVELOPMENT: Score 8 out of 10

Chia’s ecosystem development is a strong point, with a score of 8 out of 10. The project demonstrates solid progress in achieving objectives and plans for new developments, signaling a dynamic and evolving platform.

TEAM & DEVELOPERS: Score 7.6 out of 10

The team behind Chia Network is competent, as reflected in their experience and the robust number of software developers. This expertise underpins the project’s technological advancements and future innovations.

PRODUCT & UTILITY: Score 7.6 out of 10

The product and its utility in the ecosystem receive a score of 7.6 out of 10. The utility of the product and tokens within the ecosystem shows promise, indicating a functional and valuable platform.

PARTNERS & INVESTORS: Score 6 out of 10

Chia Network’s partnerships and investor relations score a 6 out of 10. While the quality of partners is commendable, there’s a need for more robust investor engagement and an increase in the number and capacity of investors.

Fundamental analysis of the Chia-XCH cryptocurrency – The final conclusion

In the final analysis, Chia Network’s fundamental analysis of the Chia-XCH cryptocurrency paints a picture of a project with solid technological foundations and clear enterprise focus. However, it faces challenges in market engagement, tokenomics, and investor relations. The project’s success will hinge on its ability to enhance its social presence, improve economic stability, and attract more investors and partners. With a total score of 6.75 out of 10, Chia Network holds potential, but investors should be mindful of the risks and the need for ongoing development in key areas. This balanced approach offers a cautious yet optimistic outlook for the project’s future.

What is Chia?

 

Chia Network (XCH) is a unique layer 1 blockchain, established in Delaware in 2017 by Bram Cohen, the creator of BitTorrent. Featuring a custom programming language, Chialisp, and an innovative consensus mechanism, proof-of-space-and-time (PoST), Chia stands out in the blockchain arena. Unlike many blockchains, Chia Network operates as a public, for-profit, open-source company with ambitions to list on major stock exchanges like NYSE or NASDAQ. Its focus is on enterprise applications, planning to hold XCH on its balance sheet post-listing.

Innovative Consensus Mechanism

Chia Network’s consensus mechanism is a blend of proof-of-space (PoS) and proof-of-time (PoT). PoS requires miners to use unused storage on their hard disk drives, while PoT uses Verifiable Delay Functions to document the passage of time. This mechanism is less energy-intensive than traditional proof-of-stake (PoS) or proof-of-work (PoW) methods, contributing to Chia’s efficiency and sustainability.

Chialisp: A Unique Programming Language

Chialisp, Chia’s proprietary programming language, is designed to be smart contract-compatible. It amalgamates key elements from Ethereum’s Solidity and Bitcoin Core, while retaining Bitcoin’s UTXO model. This innovation enables simultaneous transactions, enhancing the speed and energy efficiency of the network.

Leadership and Funding

The project benefits from a seasoned management team, including ex-NASDAQ CEO Gene Hoffman and former Overstock.com CEO Mitch Edwards. It has also secured significant funding from renowned VCs like Andreessen Horowitz and Galaxy Digital, raising $61 million in May 2021.

Security and Corporate Governance

Chia diverges from the typical crypto-native DAO model, opting instead for a traditional corporate structure. This approach, alongside its plans to list on a stock exchange, signifies a different take on blockchain governance. In Chia’s model, coin ownership does not impact the governance of its blockchain.

Fundamental analysis of the Chia-XCH cryptocurrency

Chia - XCH performance

GENERAL CRITERIA:

Score

SOCIAL & MASS MEDIA
0
AUDIT & SECURITY
0
TOKENOMICS
0
ECOSYSTEM DEVELOPMENT
0
TEAM & DEVELOPERS
0
PRODUCT & UTILITY
0
PARTNERS & INVESTORS
0
Content description – Go to Metholodogy

Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.

Audit & Security In particular, the team looks if the project is audited, how extensive the audit is,  at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.

Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.

Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.

Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.

Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.

Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.

Go to Methodology

Content description

Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.

Audit & Security In particular, the team looks if the project is audited, how extensive the audit is,  at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.

Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.

Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.

Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.

Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.

Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.

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