CHI gas token was introduced by 1 inch to save Ethereum gas charges for its users.
Gas fees are billed from the Ethereum network for each transaction and will increase if the transaction is more complex to complete.
The CHI Gas Token is used to protect against volatility in gas charges.
Basically, it’s a technology that allows you to tokenize gas. GasToken is a more liquid form of gas because it can be purchased and stored at times when gas is cheap and released (spent / burned) when gas is expensive.
According to 1inch, trading on the stock market is up to 42% cheaper thanks to the CHI token.