| General information | |
|---|---|
| Global rank: | 740 |
| Name: |
Tranchess |
| Symbol: | CHESS |
| Current coin price (LBP): | 13 438.99 £ |
| Last hour: | arrow_upward0.740 % |
| Last 24 hours: | arrow_downward-5.80 % |
| Last 7 days: | -7.77 %trending_down |
| Capitalisation (LBP): | 2 341 489 520 087.32 £ |
| Volume 24h (LBP): | 314 118 396 702.37 £ |
| Available supply: | 174 231 046.00 CHESS |
| Total coin supply: | -1 CHESS |
| Start date: | 2021-06-19 |
Tranchess/Lebanese Pound (CHESS/LBP) price chart
Tranchess/Lebanese Pound (CHESS/LBP) capitalisation and volume charts
Tranchess is a decentralized finance (DeFi) protocol that offers innovative ways to invest in cryptocurrencies. Tranchess specifically centers around the CHESS token, which acts as the governance and utility token for the platform. This token offers holders the ability to vote on critical protocol decisions and obtain a share of the protocol's revenue.
The Tranchess platform is designed to split Bitcoin price exposure into tranches, allowing investors to engage in customized strategies based on their risk appetite. It includes three primary tranches: Queen, Bishop, and Rook, each representing a different investment profile with distinct risk-reward ratios.
The CHESS token underpins the operation and governance of the Tranchess platform. As a governance token, CHESS holders can propose and vote on various platform decisions, thereby having a direct say in the development and future direction of the protocol. They also share in the protocol’s profits, creating a method for decentralized revenue distribution. Furthermore, CHESS token can be staked to earn additional yield, making it an integral part of the platform's incentive structure.
Tranchess (CHESS) was first put forth by Danny Chong along with his team.
