The CHI gas token was introduced by 1inch to save Ethereum gas fees for its users.

Gas fees are charged from the Ethereum network for every transaction and will increase if the transaction is more complex to perform.

CHI gas token is used to hedge against gas fee volatility.

 Basically, it’s a technology allowing you to tokenize gas. GasToken is a more liquid form of gas because it can be bought and stored at times when gas is cheap and released (spent/burnt) when gas is expensive.

According to 1inch the transactions on the exchange are up to 42% cheaper because of the CHI gastoken.

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Source: https://www.cryptocoinzone.com/review/1inch-review-best-dex-aggregator/