This week, the XCH crypto asset will be listed on Indodax. Open deposit will start on September 8, 2021 at 14:00 WIB and open trading will start on September 9 2021 also at 14:00 WIB.
Reporting from its Twitter account, the project from the United States claims that it is “a new blockchain and smart transaction platform that is easier to use, more efficient, and secure.”
Still confused? Take it easy, because before buying, it is important for you to find the background of a project so that you can have the most suitable crypto asset. And this time, Indodax Academy will share and you can read this article to get to know more about Chia Network (XCH).
What is Chia Network (XCH)?
Chia was founded in August 2017 to develop a better blockchain and smart transaction platform. Currently, his team is building the Chia Network to improve the global financial and payments system. Chia will be the first enterprise-class digital money. Chia uses the first new Nakamoto consensus algorithm since Bitcoin. Called Proof of Space and Time, Chia Network was created by Bram Cohen, the best network protocol engineer and inventor of BitTorrent. Chialisp is a new intelligent transaction programming language from Chia which is powerful, easy to audit and secure. The smart transaction references available today are: atomic exchange, authorized payee, recoverable wallet, multisig wallet and limited rate wallet.
Mainnet launch
On February 9, Chia released the Business Whitepaper and its mainnet launched for rewards farming on Friday March 19, 2021. Transactions activated on May 3, 2021. Chia Network developed a blockchain and smart transaction platform created by BitTorrent inventor, Bram Cohen. It implements the first new Nakamoto consensus algorithm since Bitcoin in 2008. Proof of Space and Time replaces the energy-consuming Proof of Work.
XCH Crypto Assets
Its current CoinMarketCap rating is #227, with an immediate market cap of $428,794,806 USD and has an outstanding supply of 1,582,223 XCH coins and max. supply is not available.
How to Buy XCH Crypto Assets on Indodax
For those of you who want to buy XCH crypto assets, you can buy them on Indodax starting September 9, 2021 at 14:00 WIB. Here’s how to buy it:
- For those of you who are not yet a member, you can click the link here
- After that, make a deposit. For those of you who are confused about how to deposit, click on this link
- After your deposit and balance come in, you can return to the market
- Look for XCH in the Rupiah market then click
- After logging in, all you have to do is buy by filling in your balance and at what price you want to buy XCH. You can also buy it instantly or directly at the current price
- After that, you need to patiently wait for the price to increase for some time
- After the price increases, you can sell at a higher price with the instant method
- If you sell with the limit method, you can place an order after buying. Make sure you enter a higher number when selling.
