Tranchess (CHESS) is an ERC-20 token using the Binance Smart Chain network. Yield farming, swap, lending and staking is a crypto asset management protocol.
What is Tranchess (CHESS) Coin?
Tranchess (CHESS) is named after the game of chess and the French word “Tranche”. Backed by investor tranche funds, Tranchess (CHESS) is a tokenized asset management and derivatives trading protocol. CHESS is the management token of the protocol and is used for management decisions.
Although it is young in the field of decentralized finance, it stands out as a promising project. Tranchess (CHESS), which attracted the attention of investors, emerged in 2021. The Tranchess Protocol project was developed by Danny Chong.
Tranchess Protocol, Bitcoin, Ethereum etc. It uses 3 tokens Queen, Bishop and Rook for each fund. The Queen fund is for long-term holding. It contains a medium level of risk. The Bishop fund offers a more fixed interest yield. It contains low risk. Rook fund has high risk and high return.
Advantages
Tranchess (CHESS) has a well-known and experienced developer team in the decentralized finance industry. It allows users to earn more and earn extra interest with CHESS coins. CHESS coin holders receive 50% of the fees generated by the protocol as weekly discount rewards.
Disadvantages
As with other cryptocurrencies, CHESS Coin is a risky investment choice due to its high volatility.
Since the competition of similar projects in the decentralized finance sector is high, CHESS coin may be in the background from time to time.
How and Where to Buy CHESS Coins?
CHESS Coin is Tranchess’ governance token. CHESS holders can participate in the governance system to vote on the BISHOP tranche’s APR or other platform changes. For those who want to own CHESS Coin, CHESS Coin is listed on exchanges such as Binance, Gate.io, ZT, Mandala Exchange and BngX. CHESS Coins can be purchased by creating an account in any of these exchanges.
Go to the relevant platform and create a free account. Required information is filled and identity verification processes are performed. After the account opening and verification processes, money is transferred from the deposit menu of the stock exchange with the method suitable for the person. The purchase is made by entering the desired amount over the current price from the exchange tab where CHESS Coin is listed.
CHESS Coin Price
At the moment 1 Tranchess 3.22 TLTL It is traded from. Moreover 1 Tranchess is a dollar.
Tranchess price in the last 24 hours with change now TLIt is traded from.
Tranchess volume in the last 24 hours dollarand if the market value of the cryptocurrency is dollaris.
