What is Tranchess (CHESS)? Tranchess (CHESS) is an ERC-20 token using the Binance Smart Chain network. It is a tokenized asset management and derivatives trading protocol backed by tranche funds for different investor groups. CHESS is the management token of the protocol and is used for management decisions. As Kriptokoin.com, we have compiled the details for you, let’s examine the subject together…
What is Tranchess (CHESS)?
The aim of the project is to provide a different income through a single main fund. The project was released on June 24, 2021. The project was developed by Danny Choung and his team. The name of the project, Tranchess, comes from the game of chess and the French word “Tranche”.
Advantages and Disadvantages
Advantages of CHESS Coin:
- It is a project with a highly recognized and experienced developer team in the DeFi industry.
- Users have the opportunity to earn extra interest income from CHESS coins leveraged without debt or any obligation.
- Allows investors to earn more income while following BTC.
- Tranchess (CHESS) ecosystem provides its users with extra income from both a NAV and yield perspective.
- In addition, CHESS holders receive 50% of the fees generated by the protocol as weekly discount rewards.
Disadvantages of CHESS Coin:
- CHESS Coin may lag behind its competitors as there is high competition among other DeFi projects.
- CHESS Coin, like every crypto currency, can experience sudden price drops and highs due to its high volatility. Therefore, it is a risky investment choice.
How to get CHESS Coin?
- CHESS Coin is listed on popular and trading volume exchanges such as Binance, Gate.io, ZT, Mandala Exchange and BngX.
- First of all, enter any exchange platform where the above mentioned CHESS Coin is listed. Then enter the free account creation page.
- Create your account after entering the requested information.
- Complete the authentication process steps completely.
- Then, after completing the account opening and verification process, transfer money from the deposit menu of the stock exchange with the method that is convenient for you.
- In the last step, enter the exchange tab where CHESS Coin is listed. You can easily have CHESS Coins by entering the current price or the amount you want.
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