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Tranchess CHESS Price

$0.109

-1.94%

$0.104

24h Range

$0.117

Market Cap

$21,689,093.5

Fully Diluted Valuation

$32,597,417.2

24 Hour Trading Vol

$5,876,405.6

Circulating Supply

199,608,700.0

Total Supply

300,000,000.0

Max Supply

300,000,000.0

Info

CHESS Price Statistics

Tranchess Price

$0.109

24h Range

$0.104 - $0.117

Percent Change 1h

-0.69%

Percent Change 24h

-1.94%

Percent Change 7d

-26.17%

All-time high

$7.91

All-time low

$0.090

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About Tranchess

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What is Tranchess (CHESS)?

Tranchess (CHESS) is a decentralized finance (DeFi) protocol that enables users to invest in structured products with varying risk profiles. Launched in 2021, Tranchess allows users to allocate their assets into different tranches, each offering a unique risk-return profile. The platform aims to enhance yield earning opportunities while providing flexibility and security through its innovative investment structures. As of 2024, the CHESS token is primarily used for governance and staking within the ecosystem, allowing holders to participate in decision-making processes and earn rewards.

Who are the Founders of Tranchess?

The Tranchess project was co-founded by a team of experienced professionals in the blockchain and finance sectors. The key figures behind Tranchess include:

  • Rui Zhang: A finance and blockchain enthusiast with a background in investment banking, Rui has leveraged his expertise to build the Tranchess platform and drive its vision forward.
  • Yongqiang Chen: A tech entrepreneur with extensive experience in software development and blockchain technology, Yongqiang plays a critical role in the platform's technical architecture.
  • Jingwei Liu: With a strong background in quantitative finance, Jingwei focuses on developing the financial models that underpin Tranchess's structured products.

How does Tranchess Work?

Tranchess operates by offering users a unique investment structure where assets can be divided into different tranches, each catering to varying risk appetites. The key components of how Tranchess works include:

  • Tranches: The platform offers three different tranches: Equity, Debt, and Liquidity. The Equity tranche carries higher risk and potential returns, while the Debt tranche provides lower risk and more stable returns.
  • Yield Farming: Users can stake their assets in the respective tranches to earn yields. The yields are generated from the underlying assets, and investors can choose their risk levels based on their investment goals.
  • CHESS Token: The native token, CHESS, is used for governance, allowing holders to vote on proposals and participate in the protocol's development. Additionally, it can be staked to earn rewards.
  • Liquidity Pools: Tranchess utilizes liquidity pools to facilitate trading and ensure that there is sufficient liquidity for users when they wish to enter or exit positions.

Top Use Cases of Tranchess

Tranchess has several notable use cases that cater to different types of investors:

  • Structured Investments: Investors can customize their portfolios by selecting specific tranches that align with their risk tolerance and investment objectives.
  • Yield Generation: By staking assets in the platform's liquidity pools, users can earn attractive yields, making it an appealing option for yield farmers.
  • Risk Diversification: The ability to invest in multiple tranches allows users to diversify their risk exposure across various asset classes.
  • Governance Participation: CHESS token holders can actively participate in the platform's governance, influencing key decisions and future developments.
  • Integration with Other DeFi Protocols: Tranchess can be integrated with various DeFi platforms, enhancing liquidity and providing users with more investment opportunities.

How to Keep your Tranchess Safe?

Ensuring the safety of your Tranchess investments involves several best practices:

  • Use Hardware Wallets: Store your CHESS tokens and other assets in hardware wallets for enhanced security against hacks and unauthorized access.
  • Enable Two-Factor Authentication (2FA): Always enable 2FA on your related accounts to add an extra layer of security.
  • Be Cautious with Phishing Attempts: Always double-check URLs and avoid clicking on suspicious links to protect against phishing attacks.
  • Stay Informed: Keep up with the latest news and updates from the Tranchess community and developers to be aware of any potential vulnerabilities or security updates.
  • Perform Regular Security Audits: Regularly audit your holdings and transactions for any suspicious activity and ensure your smart contracts are secure.
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How to Invest in Tranchess (CHESS)?

Investing in Tranchess (CHESS) or any other cryptocurrency involves several steps:

1Choose a Reliable Exchange: Select a reputable cryptocurrency exchange platform like Coinbase, Binance, or Okx. These platforms allow you to buy, sell, and trade cryptocurrencies.

2Create an Account: Sign up for an account on your chosen exchange by providing the necessary personal information and completing the verification process.

3Fund Your Account: Deposit funds into your exchange account using various methods like bank transfers, credit/debit cards, or wire transfers.

4Buy Tranchess: Once your account is funded, you can purchase Tranchess directly from the exchange. Choose the desired amount and complete the transaction.

Investing in Tranchess (CHESS) Using Botsfolio:

Botsfolio is a platform that automates cryptocurrency investments using trading bots. To invest in Tranchess using Botsfolio, follow these steps:

  • Create a Botsfolio Account: Sign up for a free account on the Botsfolio platform.
  • Create Portfolio: Select an investment type from available options such as Premade crypto portfolios OR Custom crypto portfolio.
  • Connect Your Exchange: Link your chosen cryptocurrency exchange account to Botsfolio through fast connect or API key to enable seamless investing.

Botsfolio allows you to automate your cryptocurrency investments, potentially saving time and effort while optimizing your trading strategies.

What is the Price Prediction for Tranchess (CHESS) in the Long Term?

Tranchess (CHESS) is currently trading at $0.109 and exhibits good potential for future growth. Check the latest Tranchess (CHESS) price prediction.

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