News Explorer — XCH Token Soars 12% After Chia Signals Interest in Going Public

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Apr 14, 3:38 pm

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XCH Token Soars 12% After Chia Signals Interest in Going Public

Chia Network, Inc., the company behind the Chia blockchain, has confidentially submitted a draft registration statement to the U.S. Securities and Exchange Commission for an initial public offering of its common stock. XCH, the native token of the Chia blockchain, surged 12% after the announcement. The Chia network uses a novel "proof of space and time" consensus mechanism, and its common stock and internal currency are separate assets.

Chia Network, Inc., the company behind the Chia blockchain, has confidentially submitted a draft registration statement to the U.S. Securities and Exchange Commission for an initial public offering of its common stock. XCH, the native token of the Chia blockchain, surged 12% after the announcement. The Chia network uses a novel "proof of space and time" consensus mechanism, and its common stock and internal currency are separate assets.

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