You should try looking at this thread which is much more active for PSO2es stuff.
However, yes, you can increase your chip inventory by increments of 10 using 1 rappy medal (pretty worth it imo).
Does this chip have the basic HUcaseal on it and the twin daggers logo on the bottom left? If yes, it's the twin daggers boosting chip (random chance of activating, gives an HP regen effect when it's on and increases the damage of twin daggers PAs).
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