What is tranchess (CHESS)?
Tranchess is a tokenized asset management and derivatives trading protocol inspired by money that appeal to distinct traders with distinct chance appetites.
What is QUEEN, TOWER, BISHOP?
Tranchess has three varieties of money, corresponding to three distinct tokens: QUEEN, VESCOVO, ROOK. QUEEN is the most important fund, ROOK and BISHOP are two separate money from the most important fund.
What is the QUEEN?
QUEEN is the most important fund token. Each QUEEN token represents a portion of the most important fund. The most important fund is an index fund that tracks BTCB.
Instead of passively holding BTC, traders can now trade their BTC for QUEEN tokens or purchase immediately with USDC. In carrying out so, they will be in a position to personal BTC and, along with Tranchess’s skill, increase CHESS tokens to boost income.
What is BISHOP?
The BISHOP token is a revenue-producing item from USDC. BISHOP token holders earn curiosity at a certain price that adjustments weekly. Each week, the protocol requires the USDC curiosity from Venus and adds a prize established by the neighborhood vote. The complete curiosity price and premium will come to be BISHOP’s fixed price subsequent week.
What is ROOK?
ROOK is a leveraged item and does not need liquidation. ROOK token holders borrow from BISHOP token holders to invest in the most important fund. ROOK token holders obtain all main fund gains and losses, e.g.
ROOK Token revenue = revenue and reduction of the most important fund – revenue paid per Token BISHOP
The ROOK tranche builds a leveraged portfolio by borrowing shares from the BISHOP fund. ROOK money carry no liquidation chance, contrary to leveraged solutions at this time on the market place.
Features of Tranchess
Exchange
Tranchess will allow end users to trade QUEEN, ROOK, BISHOP from USDC.
principal market place
The Primary Market characteristic will allow end users to make QUEEN tokens from BTCB and exchange QUEEN tokens for ROOK and BISHOP tokens.
staking
Users can bet CHESS, BTCB, ROOKN, QUEEN, BISHOP to obtain rewards.
Governance
This characteristic will allow the neighborhood to come to a decision how a lot slippage really should be extra to the USDC curiosity price by the Venus protocol.
Basic data about the CHESS token
- Token title: Tranchess
- Ticker: CHESS
- Blockchain: Binance Smart Chain
- Token regular: BEP-twenty
- To contract: 0x20de22029ab63cf9a7cf5feb2b737ca1ee4c82a6
- Tokens Guy: Utility, Governance
- Total present: 300,000,000 CHESS
- Circulating provide: 37.837.784
Token allocation
Key staff: twenty%
Seeds: five%
Future traders: 15%
Community encouragement: 50%
Ecological / treasury: 10%
What is the CHESS token for?
Administration.
Stakeout.
The holders of CHESS tokens will be reimbursed in Tranche 50% of the shares collected by the task.
Coin wallet CHESS
CHESS is a BEP-twenty token, so you can shop this token on the following wallets: Coin98 Wallet, Trust Wallet, Metamask, exchange wallet.
How to earn and personal CHESS tokens
Buy immediately on the stock exchange.
Join agricultural manufacturing with QUEEN, ROOK, BISHOP.
Where to purchase and promote CHESS tokens?
CHESS is at this time traded on quite a few distinct exchanges with a complete every day trading volume of around $ 328 million. Exchanges listing this token contain: Binance, Pancakeswap, Gate.io, Lbank, CoinEx.
Investors
What is the potential of the Tranchess task, really should I invest in CHESS tokens or not?
Tranchess is an asset management task developed to satisfy traders with distinct chance appetites. Through this report, you have to have by some means grasped the essential data about the task to make your investment choices. Coinlive is not accountable for any of your investment choices. I want you results and earn a whole lot from this prospective market place.