How and Where to Buy Xaya (CHI) – Detailed Guide

What is CHI?

What Are Xaya and CHI?

Xaya is a language and blockchain agnostic platform for creating fully decentralized, permissionless, trustless, and serverless games and dapps. CHI is the native currency of the Xaya blockchain.

Xaya solves scalability issues for blockchains for both performance and computational complexity for games/dapps.

Xaya is a custom blockchain code-forked from Bitcoin and Namecoin. It uses the blockchain as a base data store similar to as is done in Namecoin. Using this base data, it ensures cryptographic security for games/dapps.

Xaya’s Game Channel technology enables numerous computationally highly complex, real-time Massively Multiplayer Online games (MMOs) and dapps.

How Does Xaya (CHI) Work?

Xaya uses the blockchain as a base data store for cryptographic security but decouples state computation away from the blockchain using Game State Processors (GSPs).

GSPs are similar to smart contracts on Ethereum. However, since computation is decoupled, they can be arbitrarily complex.

GSPs that implement Xaya Game Channels can provide real-time trustless gameplay without bloating the core blockchain. An unlimited number of channels can run in parallel and each channel can have an unlimited amount of moves (transactions) between them without costing any fees, except those for opening and closing the channel.

Due to Xaya’s blockchain agnostic approach, GSPs can be developed and run on other platforms such as Ethereum, side chains, and others, and make use of their consensus mechanisms as well. Wrapped CHI can be used as the currency in those games.

Can You Mine CHI?

CHI can be mined using SHA-256d or a Neoscrypt variant with 25% of block rewards going to SHA-256d miners and 75% of block rewards going to Neoscrypt miners. This provides a balance of high security through SHA-256d and broad distribution through Neoscrypt.

Xaya SHA-256d is merge mined with Bitcoin (or any other SHA-256d coin) and has a significant percentage of Bitcoin’s hashing power.

Xaya’s Neoscrypt is mined with GPUs either solo or in pools.

What Is a CHI Burn?

Burning coins is when they are sent to a provably unspendable output. An example of this is in Xaya’s Taurion game where the in-game currency (cubits) can only be purchased through burning CHI.

Who Are the Founders of Xaya?

The Xaya founders are Andrew Colosimo, Daniel Kraft, Konstantin Gorskov, Sebastian de Gruiter, and Ryan Smyth.

Colosimo was a major contributor to Namecoin development in 2013. He is also the creator of the world’s first blockchain game, Huntercoin.

Kraft is a mathematician and former engineer at Google. He is the primary blockchain developer for Namecoin and Xaya. He also regularly contributes to the Bitcoin Core code on GitHub.

What Makes Xaya Unique?

Scalability is a main concern for most blockchain systems. This is amplified if complex computations and storage are required, e.g. when building complicated on-chain logic in smart-contract systems like Ethereum.

To solve scalability, Xaya implements a two-thronged approach: The basic design with game-state processors separated from the core blockchain allows to "shard off" computations for individual applications from the core network, similar to how rollups work on Ethereum (except by design much simpler and cleaner).

For even greater boosts in scalability and reducing the cost of data availability on chain, Xaya also implements Game Channels, a peer reviewed technology that allows for unlimited transactions per second while reducing blockchain bloat.

Xaya is unique in that it enables fully decentralized, trustless, permissionless, and serverless games/daps in a programming language and blockchain agnostic manner. Assets on other blockchains can easily be incorporated into a Xaya GSP.

The Xaya team pioneered the world’s first blockchain game in 2013, Huntercoin, and have extended the concept into a full platform where games take on true blockchain characteristics:

  • Decentralized
  • Permissionless
  • Trustless
  • Serverless
  • Transparent
  • Irreversible and immutable
  • Secure
  • Anonymous/pseudo-anonymous
  • Limited and scarce
  • Provably fair
  • Fraud-proof and uncheatable

How Is the Xaya CHI Network Secured?

Xaya uses a triple-purpose mining technique that uses merge mined SHA-256d and a variant of Neoscrypt with 25% of block rewards going to SHA-256d miners and 75% of block rewards going to Xaya Neoscrypt miners.

Merged mining SHA-256d allows Bitcoin (and other SHA-256d miners) to mine CHI essentially for free. The massive hashing work done there makes CHI highly secure. If an attacker were to obtain 100% of the Neoscrypt hashing power, he would still not be able to out-do the work performed by SHA-256d miners.

Stand-alone mining with Neoscrypt facilitates broader distribution of CHI coins to the community.

Xaya’s dual algorithm mining increases its resilience against stalling.

CHI was first tradable on 5th May, 2020. It has a total supply of 56,450,517.02,278,338. As of right now CHI has a market capitalization of USD $unknown. The current price of CHI is $0.212 and is ranked 838 on Coinmarketcap and has recently surged 36.90 percent at the time of writing.

CHI has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying Bitcoin from any fiat-to-crypto exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy CHI.

Step 1: Register on Fiat-to-Crypto Exchange

You will have to first buy one of the major cryptocurrencies, in this case, Bitcoin (BTC). In this article we will walk you through in details two of the most commonly-used fiat-to-crypto exchanges, Uphold.com and Coinbase. Both exchanges have their own fee policies and other features that we will go through in detail. It is recommended that you try both of them and figure out the one that suits you best.

uphold

Suitable for US traders

Select Fiat-to-Crypto Exchange for details:

Being one of the most popular and convenient fiat-to-crypto exchanges, UpHold has the following advantages:

  • Easy to buy and trade among multiple assets, more than 50 and still adding
  • Currently more than 7M users worldwide
  • You can apply for UpHold Debit card where you can spend the crypto assets on your account like a normal debit card! (US only but will be in the UK later)
  • Easy to use mobile app where you can withdraw fund to a bank or any other altcoin exchanges easily
  • No hidden fees and any other account fees
  • There are limited buy/sell orders for more advanced users
  • You can easily set up recurring deposits for Dollar Cost Averaging (DCA) if you intend to hold cryptos long term
  • USDT, which is one of the most popular USD-backed stablecoins (basically a crypto that is backed by real fiat money so they are less volatile and can be treated almost as the fiat money it's pegged with) is available, this is more convenient if the altcoin you intend to buy has only USDT trading pairs on the altcoin exchange so you don't have to go through another currency conversion while you buy the altcoin.
Show Details Steps ▾

Type your email and click 'Next'. Make sure you provide your real name as UpHold will need it for account and identity verification. Choose a strong password so that your account isn't vulnerable to hackers.

You will receive a confirmation email. Open it and click on the link within. You will then be required to provide a valid mobile number to set up two-factor authentication (2FA), it is an extra layer to the security of your account and it is highly recommended that you keep this feature turned on.

Follow the next step to finish your identity verification. These steps are a bit daunting especially when you are waiting to buy an asset but just like any other financial institutions, UpHold is regulated in most countries such as the US, the UK and the EU. You can take this as a trade-off to using a trusted platform to make your first crypto purchase. Good news is that the whole so-called Know-Your-Customers (KYC) process is now fully automated and it shouldn't take more than 15 minutes to finish.

Step 2: Buy BTC with fiat money

Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer. You may be charged higher fees depending on your credit card company and the volatile prices when using cards but you will also make an instant purchase. While a bank transfer will be cheaper but slower, depending on the country of your residence, some countries will offer instant cash deposit with low fees.

Now you are all set, on the 'Transact' screen under the 'From' field, select your fiat currency, and then on the 'To' field choose Bitcoin, click preview to review your transaction and the click confirm if everything looks good... and congrats! You've just made your first crypto purchase.

Step 3: Transfer BTC to an Altcoin Exchange

Select altcoin exchanges:

But we are not done yet, since CHI is an altcoin we need to transfer our BTC to an exchange that CHI can be traded, here we will use ProBit as our exchange. ProBit is a popular exchange to trade altcoins and it has a large number of tradable altcoins pairs. Use the link below to register your new account.

ProBit is a cryptocurrency exchange incorporated in Seychelles (ProBit Global) and South Korea (ProBit Korea) and accepting traders from all over the world. The exchange offers a wide selection of altcoins, DeFi tokens, staking events, low-fee trading and other popular crypto services that are accessible via quick and straightforward email registration. Korean users can participate in fiat trading too, though the platform supports South Korean Won (KRW) trading only. Besides, all fiat traders must verify their identity; however, that is not a requirement for international crypto-to-crypto traders. Overall, the platform has a great design, laudable security measures, and a professional team, that makes it one of the better altcoin exchanges worldwide.We have been unable to find any information that US investors should not trade on this trading platform. However, if you are a US investor, you should still always analyze whether your home state is impeding your foreign crypto trade. Sometimes the exchange has opened its doors despite your home state prohibiting you from trading.

After going through a similar process as we've done before with UpHold, you will be advised to set up 2FA authentication as well, finish it as it adds extra security to your account.

Step 4: Deposit BTC to exchange

Depends on the policies of the exchange you might be required to go through another KYC process, this should usually take you from 30 minutes to possibly a few days maximum. Though the process should be straight-forward and easy to follow. Once you're done with it you should have full access to your exchange wallet.

If this is your first time making a crypto deposit, the screen here may look a bit scary. But don't worry, it's basically simpler than making a bank transfer. At the box on the right, you will see a string of random numbers saying 'BTC address', this is a unique public address of your BTC wallet at ProBit and you can receive BTC by giving this address to the person to send you the funds. Since we are now transferring our previously bought BTC on UpHold to this wallet, click on 'Copy Address' or right-click on the full address and click copy to grab this address to your clipboard.

Now head back to UpHold, go to the Transact screen and click on BTC on the "From" field, choose the amount you wan to send and on the "To" field choose BTC under "Crypto Network", then click "Preview withdraw".

On the next screen, paste the wallet address from your clipboard, for security consideration you should always check if both addresses are matching. It is known that there are certain computer malware that would alter the content in your clipboard into another wallet address and you will be essentially sending funds to another person.

After reviewing, click 'Confirm' to proceed, you should receive a confirmation email instantly, click on the confirmation link in the email and your coins are on the way to ProBit!

Now go back to ProBit and head to your exchange wallets, don't worry if you haven't seen your deposit here. It is probably still being verified in the blockchain network and it should take a few minutes for your coins to arrive. Depending on the network traffic condition of the Bitcoin network, during busy times it may take even longer.

You should receive a confirmation notification from ProBit once your BTC has arrived. And you are now finally ready to purchase CHI!

Step 5: Trade CHI

Go back to ProBit, then go to 'Exchange'. Boom! What a view! The constantly flicking figures might be a bit scary, but relax, let's get our heads around this.

In the right column there is a search bar, now make sure "BTC" is selected as we are trading BTC to altcoin pair. Click on it and type in "CHI", you should see CHI/BTC, select that pair and you should see a price chart of CHI/BTC in the middle of the page.

Below there is a box with a green button that says "Buy CHI", inside of the box, choose the "Market" tab here as that is the most straight-forward type of buying orders. You can either type in your amount or choose what portion of your deposit you would like to spend on buying, by clicking on the percentage buttons. When you have confirmed everything, click "Buy CHI". Voila! You have finally bought CHI!

But we are not done yet, since CHI is an altcoin we need to transfer our BTC to an exchange that CHI can be traded, here we will use Liquid.com as our exchange. Liquid.com is a popular exchange to trade altcoins and it has a large number of tradable altcoins pairs. Use the link below to register your new account.

LIQUID is a reliable exchange, with the Japaneses business branch being licensed and regulated by the Japan Financial Services Agency. They have a good track record of staying compliant with laws and regulations, going as far as delisting almost 30 assets this year to do so. US-investors may only trade crypto-to-crypto (and not fiat-to-crypto) here. The primary reason for excluding US-investors from fiat-to-crypto trading is legal.

After going through a similar process as we've done before with UpHold, you will be advised to set up 2FA authentication as well, finish it as it adds extra security to your account.

Step 4: Deposit BTC to exchange

Depends on the policies of the exchange you might be required to go through another KYC process, this should usually take you from 30 minutes to possibly a few days maximum. Though the process should be straight-forward and easy to follow. Once you're done with it you should have full access to your exchange wallet.

If this is your first time making a crypto deposit, the screen here may look a bit scary. But don't worry, it's basically simpler than making a bank transfer. At the box on the right, you will see a string of random numbers saying 'BTC address', this is a unique public address of your BTC wallet at Liquid.com and you can receive BTC by giving this address to the person to send you the funds. Since we are now transferring our previously bought BTC on UpHold to this wallet, click on 'Copy Address' or right-click on the full address and click copy to grab this address to your clipboard.

Now head back to UpHold, go to the Transact screen and click on BTC on the "From" field, choose the amount you wan to send and on the "To" field choose BTC under "Crypto Network", then click "Preview withdraw".

On the next screen, paste the wallet address from your clipboard, for security consideration you should always check if both addresses are matching. It is known that there are certain computer malware that would alter the content in your clipboard into another wallet address and you will be essentially sending funds to another person.

After reviewing, click 'Confirm' to proceed, you should receive a confirmation email instantly, click on the confirmation link in the email and your coins are on the way to Liquid.com!

Now go back to Liquid.com and head to your exchange wallets, don't worry if you haven't seen your deposit here. It is probably still being verified in the blockchain network and it should take a few minutes for your coins to arrive. Depending on the network traffic condition of the Bitcoin network, during busy times it may take even longer.

You should receive a confirmation notification from Liquid.com once your BTC has arrived. And you are now finally ready to purchase CHI!

Step 5: Trade CHI

Go back to Liquid.com, then go to 'Exchange'. Boom! What a view! The constantly flicking figures might be a bit scary, but relax, let's get our heads around this.

In the right column there is a search bar, now make sure "BTC" is selected as we are trading BTC to altcoin pair. Click on it and type in "CHI", you should see CHI/BTC, select that pair and you should see a price chart of CHI/BTC in the middle of the page.

Below there is a box with a green button that says "Buy CHI", inside of the box, choose the "Market" tab here as that is the most straight-forward type of buying orders. You can either type in your amount or choose what portion of your deposit you would like to spend on buying, by clicking on the percentage buttons. When you have confirmed everything, click "Buy CHI". Voila! You have finally bought CHI!

Apart from the exchange(s) above, there are a few popular crypto exchanges where they have decent daily trading volumes and a huge user base. This will ensure you will be able to sell your coins at any time and the fees will usually be lower. It is suggested that you also register on these exchanges since once CHI gets listed there it will attract a large amount of trading volumes from the users there, that means you will be having some great trading opportunities!

Gate.io

Gate.io is an American cryptocurrency exchange that launched 2017. As the exchange is American, US-investors can of course trade here and we recommend US traders to sign up on this exchange. The exchange is available both in English and Chinese (the latter being very helpful for Chinese investors). Gate.io’s main selling factor is their wide selection of trading pairs. You can find most of the new altcoins here. Gate.io also demonstrates an impressive trading volume. It is almost every day one of the top 20 exchanges with the highest trading volume. The trading volume amounts to approx. USD 100 million on a daily basis. The top 10 trading pairs on Gate.io in terms of trading volume usually have USDT (Tether) as one part of the pair. So, to summarize the foregoing, Gate.io’s vast number of trading pairs and its extraordinary liquidity are both very impressive aspects of this exchange.

BitMart

BitMart is a crypto exchange from the Cayman Islands. It became available to the public in March 2018. BitMart has a truly impressive liquidity. At the time of the last update of this review (20 March 2020, right in the middle of the crisis with COVID-19), BitMart’s 24 hour trading volume was USD 1.8 billion. This amount placed BitMart on place no. 24 on Coinmarketcap’s the list of exchanges with the highest 24 hour trading volumes. Needless to say, if you start trading here, you will not have to worry about the order book being thin. Many exchanges does not allow investors from USA as customers. As far as we can tell, BitMart is not one of those exchanges. Any US-investors interested in trading here should in any event form their own opinion on any issues arising from their citizenship or residency.

Last Step: Store CHI securely in hardware wallets

Ledger Nano S

Ledger Nano S

  • Easy to set up and friendly interface
  • Can be used on desktops and laptops
  • Lightweight and Portable
  • Support most blockchains and wide range of (ERC-20/BEP-20) tokens
  • Multiple languages available
  • Built by a well-established company found in 2014 with great chip security
  • Affordable price
Ledger Nano X

Ledger Nano X

  • More powerful secure element chip (ST33) than Ledger Nano S
  • Can be used on desktop or laptop, or even smartphone and tablet through Bluetooth integration
  • Lightweight and Portable with built-in rechargeable battery
  • Larger screen
  • More storage space than Ledger Nano S
  • Support most blockchains and wide range of (ERC-20/BEP-20) tokens
  • Multiple languages available
  • Built by a well-established company found in 2014 with great chip security
  • Affordable price

If you are planning to keep("hodl" as some may say, basically misspelt "hold" which get popularised over time) your CHI for a considerable long time, you may want to explore ways of keeping it safe, although Binance is one of the safest cryptocurrency exchange there had been hacking incidents and funds were lost. Because of the very nature of the wallets in exchanges, they will be always online("Hot Wallets" as we call them), therefore exposing certain aspects of vulnerabilities. The safest way of storing your coins to date is always putting them into a type of "Cold Wallets", where the wallet will only have access to the blockchain(or simply "go online") when you send out funds, reducing the chances of hacking incidents. A paper wallet is a type of free cold wallet, it's basically an offline-generated pair of public and private address and you will have it written somewhere, and keep it safe. However, it is not durable and is susceptible to various hazards.

Hardware wallet here is definitely a better option of cold wallets. They are usually USB-enabled devices that store the key information of your wallet in a more durable way. They are built with military-level security and their firmware are constantly maintained by their manufacturers and thus extremely safe. Ledger Nano S and Ledger Nano X and are the most popular options in this category, these wallets cost around $50 to $100 depending on the features they are offering. If you are holding your assets these wallets are a good investment in our opinion.

Other useful tools for trading CHI

Encrypted Secure Connection

NordVPN

Because of the very nature of cryptocurrency – decentralised, it means that users are 100% responsible for handling their assets securely. While using hardware wallet allows you to store your cryptos in a safe place, using an encrypted VPN connection while you trade makes it harder for hackers to intercept or eavesdrop your sensitive information. Especially when you are trading on the go or in a public Wifi connection. NordVPN is one of the best paid (note: never use any free VPN services as they may sniff your data in return of free service) VPN services out there and it has been around for almost a decade. It offers military-grade encrypted connection and you can also opt-in to block malicious websites and ads with their CyberSec feature. You can choose to connect to 5000+ servers in 60+ countries base on your current location, which ensures you to always have a smooth and secure connection wherever you are. There is no bandwidth or data limits that means you can also use the service in your everyday routines such as streaming videos or downloading large files. Plus it is among the cheapest VPN services out there (only $3.49 per month).

Surfshark

Surfshark is a much cheaper alternative if you are looking for a secure VPN connection. Although it’s a relatively new company, it has already 3200+ servers distributed in 65 countries. Apart from VPN it also has some other cool features including CleanWeb™, which actively blocks ads, trackers, malware and phishing attempts while you are surfing on your browser. Currently, Surfshark does not have any device limit so you can basically use it on as many devices as you want and even share the service with your friends and family. Use the signup link below to get an 81% discount(that’s a lot!!) at $2.49/month!

Atlas VPN

IT nomads created Atlas VPN after seeing a lack of top-notch service within the free VPNs field. Atlas VPN was designed for everyone to have free access to unrestricted content without any strings attached. Atlas VPN set out to be the first trustworthy free VPN armed with top-notch technology. Furthermore, even though Atlas VPN is the new kid on the block, their blog team’s reports have been covered by well-known outlets such as Forbes, Fox News, Washington Post, TechRadar and many others. Below are some of the feature highlights:

  • Strong encryption
  • Tracker blocker feature blocks dangerous websites, stops third-party cookies from tracking your browsing habits and prevents behavioural advertising.
  • Data Breach Monitor finds out whether your personal data is safe.
  • SafeSwap servers allow you to have many rotating IP addresses by connecting to a single server
  • Best prices on the VPN market (only $1.39/month!!)
  • No-log policy to keep your privacy safe
  • Automatic Kill Switch to block your device or apps from accessing the internet if the connection fails
  • Unlimited simultaneous connections.
  • P2P support

Frequently Asked Questions

Can I buy CHI with cash?

There is no direct way to buy CHI with cash. However, you can use marketplaces such as LocalBitcoins to first purchase BTC, and finish the rest of the steps by transferring your BTC to respective AltCoin exchanges.

LocalBitcoins is a peer-to-peer Bitcoin exchange. It is a marketplace where users can buy and sell Bitcoins to and from each other. Users, called traders, create advertisements with the price and the payment method they want to offer. You can choose to buy from sellers from a certain nearby region on the platform. is after all a good place to go to buy Bitcoins when you can't find your desired payment methods anywhere else. But prices are usually higher on this platform and you have to do your due diligence to avoid getting scammed.

Are there any quick ways to buy CHI in Europe?

Yes, in fact, Europe is one of the easiest places to buy cryptos in general. There are even online banks which you can simply open an account and transfer money to exchanges such as Coinbase and Uphold.

Are there any alternative platforms to buy CHI or Bitcoin with credit cards?

Yes. is also a very easy to use platform for buying Bitcoin with credit cards. It is an instant cryptocurrency exchange that allows you to exchange crypto fast and buy it with a bank card. Its user interface is very easy to use and the buying steps are pretty self-explanatory.

Read more on Xaya's fundamentals and current price here.

CHI Price Prediction and Price Movement

CHI has been down 19.1 percent over the last three months, and with its small market capitalization, it is very likely that such price movement may continue. However three months is still considered early in the crypto world and it is also likely that CHI's price may bounce back if it has a solid team and has delivered what they promised on their white papers. Therefore traders should be careful and should research thoroughly and see if CHI is backed by a solid development team and whether CHI's technology has any potential to grow.

Please note that this analysis is purely base on CHI's historic price actions and is by no means financial advice. Traders should always do their own research and be extra careful while investing in cryptocurrencies.

This article was first seen on cryptobuying.tips, for more original and up-to-date crypto buying guides, visit WWW Dot Crypto Buying Tips Dot Com

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Latest News for CHI

XAYA3 years ago
join discord to get help and some free coins to test and play https://t.co/S6RzFrXsaf #blockchaingaming… https://t.co/1kUEexVNoo
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New Xayaships build released: Installer, Litemode and now uses XMPP for channels and chat with XID for… https://t.co/ERkb8ypGOE
XAYA3 years ago
RT @BlockchainGames: @MonkeyMow @TheAndrewWagner @GoGalaGames The rest of the crypto space should realize how brilliant @XAYA_tech's design…
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RT @egamers_io: We took some time to read the new @XAYA_tech Litepaper. 📜 Fully Decentralized Gaming! 🎮 Here's the breakdown. ⚔️ #xaya #p…
XAYA3 years ago
Soccer Manager Elite - beta 0.3.9 Released. This is potentially the last Unity3d version. Various frontend fixes.… https://t.co/6RQUzSpoee

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