Tranchess

Tranchess

CHESS
$0.139064738%4.83

Key Metrics

Price$0.139064738
Real Volume (24H)$1,232,481.46
Marketcap$22,924,873.59
Fully Diluted Valuation$53,855,939
ATH$7.91
ATH Date10/22/2021, 8:25:22 AM
ATL$0.158818
ATL Date11/10/2022, 1:09:39 AM
Circulating Supply97M
Total Supply300M
WebsiteN/A
WhitepaperN/A
Popularity Rank926
Chart
What is Tranchess?

Tranchess is a cutting-edge digital asset management ecosystem protocol that offers a diverse range of risk-return solutions for its users. The protocol is designed to provide DeFi features like yield farming, borrowing, lending, and trading, making it a one-stop-shop for users looking to maximize their returns on their crypto investments.

One of the key issues in the current DeFi landscape is the limited options for those seeking steady returns. On the other hand, aggressive traders who aim to maximize their returns are forced to rely on products that can't match prices, settle transactions, or initiate forced liquidation in real-time. Moreover, the existing protocols are vulnerable to attacks and exploits in times of market volatility. Tranchess addresses these problems through its tokenized structured fund protocol, which seeks to cater to a wide range of traders and their needs.

The Tranchess protocol features three tranche funds - QUEEN, BISHOP, and ROOK - that cater to a wide range of trading needs. QUEEN is the main fund and token for tracking BTC, and offers yield farming features. BISHOP, a sub-fund of QUEEN, is aimed at providing stable yields for crypto traders. ROOK, the other half of the QUEEN tranche split, allows users to purchase the main fund to track BTC.

CHESS is the governance token of the Tranchess protocol and is an ERC-20 token on the Ethereum network. Users can earn CHESS tokens by staking their QUEEN, ROOK, and BISHOP tokens in the network. CHESS holders can lock their tokens to vote for community proposals and make their voices heard in the Tranchess ecosystem.

Tranchess was first envisioned in 2020 and has since developed into a full-stack protocol. The team behind the network is composed of blockchain and financial experts with diverse backgrounds, making it a well-rounded and knowledgeable group. The maximum total supply of CHESS is 300 million coins.

In conclusion, Tranchess offers a unique and innovative solution to the problems faced by DeFi protocols in the current crypto space. With its diverse range of offerings and tokenized structured fund protocol, it seeks to provide long-term solutions for users looking to make the most out of their crypto investments.

Tranchess was founded with the aim to revolutionize the digital asset management industry. The ecosystem protocol leverages the power of decentralized finance (DeFi) to offer various risk-return solutions to its users. The protocol was designed to provide single asset yield farming, borrowing, lending, trading, and other DeFi features to its customers. The team behind Tranchess is composed of experienced blockchain and finance professionals who are dedicated to bringing innovation to the DeFi space.

The protocol is designed to address the common issues faced by existing DeFi protocols, such as limited options for those seeking steady returns, lack of real-time price matching, settlement, or forced liquidation for aggressive traders, and vulnerability to attacks and exploits during extreme market volatility. To solve these issues, Tranchess introduced its tokenized structured fund protocol, which offers three tranche funds - QUEEN, BISHOP, and ROOK.

QUEEN is the main fund that tracks BTC and comes with yield farming features. BISHOP, a sub-fund of QUEEN, enables crypto traders to earn stable yields, while ROOK allows users to purchase the main fund to track BTC. The governance token of the Tranchess protocol is CHESS, an ERC-20 token with a maximum supply of 300 million coins. Users can earn CHESS tokens by staking their QUEEN, ROOK, and BISHOP tokens. Chess holders also have the power to vote for Tranchess community proposals by locking their tokens.

In conclusion, Tranchess is a digital asset management ecosystem protocol that aims to bring innovation and simplicity to the DeFi space. With its tokenized structured fund protocol, the protocol provides a wide range of risk-return solutions to its users, and the governance token CHESS gives holders the power to shape the future of the protocol.

Disclaimer

The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.

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