136 shares, 349 points

Binance recently listed Tranchess (CHESS) and the altcoin price has skyrocketed. What is Tranchess (CHESS) for you with us? We sought an answer to this question in our article. So, what is the crypto money project Tranchess (CHESS), which has been attracting attention lately? Tranchess is a derivatives trading protocol and tokenized asset management platform on Binance Smart Chain (BSC). CHESS is the protocol’s management token and can be used to vote on management proposals.

CHESS holders will also receive 50% of the fees generated by the protocol as weekly discount rewards. In this article, we will discuss information about the Tranchess project and the CHESS token. Tranchess is a tokenized asset management and derivatives trading protocol inspired by tranche funds that cater to different classes of investors with different risk appetites. Cryptocoin. com, we have compiled the details for you, let’s examine the subject together…

What is Tranchess (CHESS)?

Tranchess was released on June 24, 2021. Tranchess is a project in the asset management segment. However, the way Tranchess works is not like other pure asset management projects like dHEDGE, instead it uses a token mechanism through 3 different token forms, thus helping users choose the investment direction that suits their risk appetite. Özedollarse Tranchess can be called an asset manager that increases returns with a variety of risk/return solutions.

Tranchess token model

CHESS is the only management token of the Tranchess Protocol currently issued on BSC but following the ERC-20 standard. Voting, refund etc. in the Tranchess ecosystem. widely used for. CHESS tokens will be released for 4 years on a decreasing schedule. There will be a total of 300 million CHESS tokens distributed as follows:

  • 20% of the token supply will be allocated to the Core Team through an entitlement program.
  • 5% of the token supply will be for Seed Investors.
  • 15% of the token supply will be reserved for future investors in the next funding rounds.
  • 50% of the token supply will be allocated for liquidity mining of CHESS tokens.
  • 10% of the token supply is reserved for the Tranchess ecosystem/treasury: including but not limited to partnerships, 3rd party service series, listing fees.
  • CHESS token distribution is designed to gradually reduce issuance over 4 years with a long fixed weekly tail of emissions. 50% community incentives will be distributed in the Pancake and Tranchess App.
  • In the Tranchess App, week 1 will start by distributing 300,000 tokens, and from week 2 to week 4 every week will distribute 300,000 tokens in addition to the previous week. At the end of week 4, the accumulated distribution will be 3,000,000.

What does Tranchess (CHESS) offer to its investors?

The Tranchess platform offers its users the following advantages:

  • Improved returns without permanent losses.
  • Leveraged positions with low costs and no forced liquidation.
  • Zero lockdown time facility for QUEEN holders.
  • Preventing oracle attacks using TWAP (time weighted average price)


What is Tranchess (CHESS) in this article? We searched for an answer for you. However, it should be noted that investing in altcoin projects is risky. Tranchess (CHESS) is a new and emerging cryptocurrency project. For this reason, we recommend that you do your own detailed research before making any cryptocurrency investment.

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