CHAX is the exclusive token of the Chamcha platform, serving as the infrastructure for supporting Ordinals asset trading on the Chamcha platform within the Bitcoin ecosystem. CHAX features Mutil Bridge technology, enabling cross-chain operations between BRC and ERC, and it also integrates the Lightning Network. The platform introduces a burn mechanism, regularly announcing the amount burned, with the burn rate accelerating as participation increases, aiming to maintain a high CHAX price.
