> For the complete documentation index, see [llms.txt](https://snowdot.gitbook.io/a-closer-look-at-chi-gastoken/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://snowdot.gitbook.io/a-closer-look-at-chi-gastoken/master.md).

# What is Chi?

Before we deep dive in technical aspects of this tutorial, let's remind ourselves what is Chi GasToken and what are it's key features.

### TL;DR

Chi is an **ERC20 standard token** based on the original gas token GST2 implementation.

Chi is the improved version of original gas token due to the additional smart contract for **reduced deployment costs**, thus making it more efficient.

Chi is an alternative to Ethereum network's gas token and it can be used on [1inch.exchange](https://1inch.exchange/) to **pay transaction costs at a discount**.

{% hint style="warning" %}
Chi's price moves in tandem with Ethereum network's gas price because it's pegged to it.
{% endhint %}

Compared to the original gas token GST2, Chi saves **1% for Mints** and **10% for Burns**.

Chi's contract address is [**0x0000000000004946c0e9F43F4Dee607b0eF1fA1c**](https://etherscan.io/token/0x0000000000004946c0e9F43F4Dee607b0eF1fA1c). This information can be obtained by performing a simple search on [etherscan.io](https://etherscan.io/).

Chi is currently available on three different networks: **Ethereum**, **Binance Smart Chain** and **Polygon**.

For more details about Chi GasToken you can check out the following resources: [here ](https://medium.com/1inch-network/1inch-introduces-chi-gastoken-d0bd5bb0f92b)and [here](https://medium.com/1inch-network/everything-you-wanted-to-know-about-chi-gastoken-a1ba0ea55bf3). 


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