Tranchess CHESS Price

What is Tranchess (CHESS)?

Tranchess, launched on June 24, 2021, is a revolutionary platform in the DeFi space, offering a unique blend of asset management and derivatives trading. At its core, Tranchess aims to enhance yield and provide diverse risk-return solutions for its users. The protocol tracks a specific underlying asset, initially choosing BTC, and allows users to engage in liquid staking and leverage different tranche funds, like BISHOP and ROOK, to optimize their investment returns. This flexibility in asset allocation is key to Tranchess's appeal, catering to different classes of investors with varying risk appetites.

The platform's governance token, CHESS, plays a crucial role, empowering users to participate in governance decisions and earn rewards. Tranchess's secure ecosystem is bolstered by multiple rounds of code audits and a robust bug bounty program, ensuring the safety and integrity of user investments. Its smart contracts are designed to resist price manipulation, employing a 30-minute Time-Weighted Average Price (TWAP) from reliable sources, thereby minimizing the risk of oracle manipulation attacks.

Behind Tranchess is a team of seasoned professionals, including Co-Founder Danny Chong, whose experience spans top tech firms and investment banks. Their vision is to bridge the gap between traditional finance and DeFi, offering a comprehensive suite of asset management protocols. Tranchess differentiates itself with transparent and automated smart contracts, providing users with enhanced earnings opportunities and protection against forced liquidation. With its innovative approach and commitment to security, Tranchess is poised to redefine asset management in the DeFi ecosystem.

What is unique about Tranchess (CHESS)?

Tranchess stands out for its unique blend of asset management and derivatives trading within the DeFi space. It offers a variety of risk-return solutions through its distinctive tranche funds, such as BISHOP and ROOK, catering to different investor risk appetites. Its governance token, CHESS, allows users to participate in decision-making and enjoy rewards, while the platform's security features, and innovative use of smart contracts further add to its uniqueness.

Who are the founders of Tranchess (CHESS)?

Tranchess was conceptualized and co-founded by Danny Chong, along with a team possessing diverse experiences in technology and finance.

Who are the backers/investors of Tranchess (CHESS)?

The key investors backing Tranchess include Three Arrows Capital and Spartan Group, as well as notable entities like Binance Labs, Longhash Ventures, and IMO Ventures.

Where can I buy Tranchess (CHESS)?

You can buy Tranchess (CHESS) on Binance, MEXC, Bitget, Gate.ioCrypto.com cryptocurrency exchanges.