Absolutely! This directly competes against WAN and there are a few key points to note.

• Wan did a near-$40M ICO almost a year ago and now hopes to take mainnet staking live at the end of this month.
• ChainX did not do an ICO yet its layered deposit/staking functionality is already live.

Now, with the above points in mind, consider that WAN is valued several-fold more than ChainX. The main reasoning is likely that ChainX is not listed on any major exchange yet.