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.|
|Blockchain Protocol||Binance Smart Chain|
|Circulating Supply||114,926,595 CHESS|
|Consensus Method||Proof of Stake|
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.
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.
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.
|Tranchess (CHESS) Price Today||₹23.81|
|Price Change <Yearly>||NA|
|Market Rank (as per CMC)||517|
|Fully Diluted Market Cap||₹7,144,659,515|
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