1inch Introduces Chi Gastoken

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The 1inch Network has launched Chi, a next-generation Gastoken designed to help Ethereum users significantly reduce their gas costs. Inspired by Bruce Lee’s legendary “1-inch punch”—a symbol of precision and efficiency—the 1inch team has translated this philosophy into the blockchain space. Just as martial artists harness Chi (or Qi) to generate powerful movements with minimal effort, users can now leverage Chi tokens to optimize transaction efficiency on Ethereum.

By burning Chi tokens during a transaction, users receive gas refunds, effectively lowering the overall cost. This innovation is especially valuable in an ecosystem where gas fees can fluctuate dramatically and impact everything from simple token swaps to complex smart contract deployments.

What Is a Gastoken?

Every Ethereum transaction consumes gas, the network's unit of computational work. While gas is necessary, the Ethereum protocol includes a built-in incentive: storage refunds. When smart contracts clear storage—setting values to zero—the network rewards this cleanup with a gas refund, as outlined in the Ethereum Yellow Paper.

A Gastoken leverages this refund mechanism. It "mints" by filling storage (at a high gas cost), then "burns" by wiping that storage (triggering a refund). The net result? Users pay less for future transactions.

Chi improves upon earlier Gastokens like GST2, using more efficient techniques:

👉 Discover how to cut your Ethereum gas fees instantly.

How Much More Efficient Is Chi Than GST2?

Chi outperforms GST2 in both minting and burning efficiency:

This improvement comes from optimized contract deployment and refined refund calculations. The mathematical models behind each Gastoken reveal the difference:

y = 15000 * x / (20065 + 5065 * x)  // GST1
y = 24000 * x / (35974 + 6689 * x)  // GST2
y = 24000 * x / (35678 + 6053 * x)  // CHI

In practical terms, burning Chi tokens can reduce gas expenses by nearly half for high-complexity transactions—such as deploying large smart contracts.

How Can You Use Chi Tokens?

Integrate Chi Into Smart Contracts

You can embed Chi support into any Ethereum smart contract with just a few lines of code. Use this modifier to automatically burn Chi and claim refunds:

modifier discountCHI {
    uint256 gasStart = gasleft();
    _;
    uint256 gasSpent = 21000 + gasStart - gasleft() + 16 * msg.data.length;
    chi.freeFromUpTo(msg.sender, (gasSpent + 14154) / 41947);
}

This burns Chi from the caller’s wallet (provided they’ve approved the contract). If the contract itself should pay, replace msg.sender with address(this)—just ensure the contract holds enough Chi tokens.

Deploy Contracts With Lower Gas Costs

The 1inch team created Deployer.eth, a tool showcased at HackMoney, that simplifies low-cost contract deployment using Chi.

Steps to deploy with gas savings:

  1. Approve the Chi token to deployer.eth via Etherscan’s Write Contract interface.
  2. In Remix IDE, compile your contract and copy the deployment bytecode.
  3. Paste it into deployer.eth’s chiDeploy function.
  4. Confirm the transaction.

Result? As little as 51.18% of the original gas used, with multiple Chi tokens burned to maximize savings.

How to Mint Chi Tokens

You can mint Chi directly through:

There’s a limit of 140 Chi per transaction, set intentionally to stay within half of Ethereum’s block gas limit. This prevents miners from rejecting transactions due to low profitability.

For example:

⚠️ Pro Tip: Use a dedicated wallet for minting. Setting a low gas price can temporarily lock your wallet due to pending transactions.

Trading Chi Tokens

Chi isn’t just for personal savings—it’s a tradable asset. On 1inch Exchange, you can:

Think of Chi as a tokenized form of Ethereum gas. Its value correlates directly with gas prices:

  • When Ethereum network congestion rises → Gas prices go up → Chi value increases.
  • When the network is calm → Gas prices drop → Chi value decreases.

This makes Chi not only a utility token but also a potential hedge against rising transaction costs.

👉 Start optimizing your Ethereum transactions today—see how low you can go.

Frequently Asked Questions (FAQ)

What is the main benefit of using Chi Gastoken?

Chi allows users to reduce Ethereum transaction costs by leveraging built-in gas refunds. By burning Chi during high-gas operations, you can save up to 50% on fees.

Can anyone use Chi, or is it only for developers?

While developers benefit most—especially when deploying contracts—any Ethereum user can trade or mint Chi and use it during high-fee periods.

Is minting Chi always profitable?

Profitability depends on current gas prices. Minting makes sense when future gas costs are expected to rise. If gas remains low, the savings may not offset minting costs.

Why is there a 140-token minting limit?

The limit ensures transactions don’t consume too much block space, which could make them unattractive to miners due to lower relative rewards.

Can I lose money using Chi?

Yes, if gas prices drop after you mint or buy Chi, its utility—and market value—decreases. Treat it like any volatile resource tied to network demand.

Where can I track Chi’s price and usage?

Check decentralized exchanges via 1inch or aggregators like CoinGecko. On-chain activity can be monitored through Etherscan.

Core Keywords

Chi represents a clever application of Ethereum’s existing mechanics to solve a persistent pain point: high transaction costs. Whether you're a developer deploying contracts or a trader navigating volatile fee markets, integrating Chi into your workflow can lead to meaningful savings.

As Ethereum continues evolving, tools like Chi highlight how innovation thrives not just in new protocols, but in optimizing what already exists.

👉 Unlock smarter Ethereum transactions—experience real gas savings now.