What is Tranchess (CHESS)?
Inspired by the game of chess, Tranchess is a solution that draws a tentative risk and returns solutions using its custom algorithms. The term ‘Tranche’ is directly associated with tranche funds that outlines the risk appetite of each investor. In the world of crypto where values of assets are fast moving or perhaps even volatile, Chess makes it fairly easy for an investor to draw their portfolio plan and risk management strategies.
| Launch Date | June 24, 2021. |
| Founder | Danny Chong |
| Blockchain Protocol | Binance Smart Chain |
| Native Token | CHESS |
| Market Cap | ₹2,739,034,176 |
| Token Type | DeFi |
| Circulating Supply | 114,926,595 CHESS |
| Max Supply | 300,000,000 |
| Consensus Method | Proof of Stake |
WHO ARE THE FOUNDERS OF TRANCHESS (CHESS)?
Tranchess was first put forth by Danny Chong along with his team. The project was backed by teams from organizations such as Google, Facebook, Microsoft, Morgan Stanley, UBS and BNP Paribas. The founder has worked with BNP Paribas and Societe Generale across different departments. The tech department of Tranchess holds speciality in cybersecurity for DeFi protocols and the likes.
HOW DOES TRANCHESS (CHESS) WORK?
Tranchess leverages smart contracts to optimize the yields of investors. It allows users to enjoy their earnings by automated rebalancing of portfolios. The platform also gives a share of its network earnings to its core contributors. What makes Tranchess different from other protocols is its ability to let end users square off profits without any forced liquidation. Tranchess offers both NAV (Net Asset Value) and yield perspectives to users. Another important feature of the platform is that the core engine of Tranchess does not rely on other smart contract’s price feeds to avoid asset manipulation. It uses TWAP Oracles (time weighted average price order) instead of centralized and discreet oracle price feeds.
WHAT MAKES TRANCHESS (CHESS) UNIQUE USE CASES?
- Leverage trading: Users can enter into a leveraged trade without any forced liquidation risks. Investors can also receive recurrent yields without having to deal with impermanent loss.
- Zero Lock-in Period: Unlike other DeFi platforms users can invest through Tranchess without having to lock up their funds for a stipulated tenure.
- TWAP (Time Weighted Average Price) : TWAP algorithm is the star feature of Tranchess. Through TWAP the price feed is automatically updated every 30 minutes. It does not rely on third party oracles that enter into the ecosystem as a flash loan attack.
TRANCHESS (CHESS) PRICE ANALYSIS
Tranchess was trading at INR 23.77 at the time of writing. The 24 hour volume has seen a slight dip while the Moving Average stood at 0.00001205 indicating an opening for a bullish trendline. The 14 day Relative Strength Index stood at 42.99 indicating that the asset is in a neutral arena. The overall metrics direct the asset into a strong buy pressure.
Source: TradingView
| Tranchess (CHESS) Price Today | ₹23.81 |
| Price Change <Yearly> | NA |
| Market Dominance | 0.00% |
| Market Rank (as per CMC) | 517 |
| Market Cap | ₹2,735,605,796 |
| Fully Diluted Market Cap | ₹7,144,659,515 |
| ATH | ₹656.16 |
| ATL | ₹13.22 |
HOW TO BUY TRANCHESS (CHESS)TOKEN IN INDIA?
If you are looking to buy Tranchess (CHESS) tokens in India, CoinDCX can be the best-suited place. Being India’s leading crypto exchange, CoinDCX is also one of the best Bitcoin and crypto apps for beginners. To begin with, all you have to do is,
- Download the CoinDCX App on your smartphone
- Enter the details required for registration
- Complete KYC
- Once your profile is verified, fund your CoinDCX wallet and buy Tranchess (CHESS)
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