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Tranchess CHESS

Tranchess Price (CHESS)
$0.1848
0.96% Buy CHESS Now

0.0000487 ETH

0.00000273 BTC

Buy CHESS Now
Low: $0.1747
High: $0.1850
24h
Market Cap
$29,316,739
0.96%
Fully Diluted Market Cap
$55,366,478
0.96%
Volume
24h
$2,491,270
8.96%
Volume / Market Cap
0.0850
Circulating Supply
158,681,165 CHESS
52.89%
Max Supply
300,000,000
Total Supply
300,000,000

Tranchess (CHESS) Social Signals & Traffic Tracker

X Stats
Visit Twitter

Followers

0.05%

Joined at Nov 18, 2020

Following

39

0.00%

Tweet count

931

0.65%

Tranchess reddit
Reddit Stats

Subscribers

-

Subreddit type

-

Moderators

-

Currently, official Tranchess (CHESS) Reddit Stats account doesn’t exist or wasn’t submitted. 🔆

Tranchess telegram
Telegram Stats
Visit Telegram

Members

0.67%

Title

Tranchess

Tranchess traffic
Website Traffic
Visit Website

Website Rating (DR)

44 / 100

2.22%

Ahrefs Rank

1,219,579

5.06%

Organic Traffic (mo.)

333

39.33%

Tranchess github
GitHub Organization
Visit GitHub

Public repos

Created at Nov 18, 2020

Type

Organization

Tranchess github
GitHub Public Repository
Visit GitHub

Stars

0.00%

Watchers

10

0.00%

Forks

37

0.00%

Language

TypeScript

These are the project's quantitative metrics of its Organizational GitHub Public account that can be used to trace regular or artificial development activity & growth within the project.

These are the project's quantitative metrics of its official GitHub Public Repositories that can be used to trace regular or artificial development activity, growth & popularity of the project.

These are the project's quantitative metrics of its official Telegram account that can be used to trace regular or artificial Social activity & growth within the project.

These are the project's quantitative metrics of its official X account that can be used to trace regular or artificial Social activity & growth within the project.

These are the project's quantitative metrics of its official Reddit account that can be used to trace regular or artificial Social activity & growth within the project.

These are the project website's metrics based on Ahrefs Rank. They're used to trace website activity & growth within the project. DR (Domain Rating) metric is a sign of the project's website reputability that is ranked from 0 to 100 (the higher the rank, the better reputability). Organic Traffic - is a metric of how many monthly users visit the project's website via search engines. All these metrics are used for determining active or passive projects despite the artificial hype.

Followers: 48,158

Members: 7,371


Live CHESS Price Analysis

The current real time Tranchess price is $0.1848, and its trading volume is $2,491,270 in the last 24 hours. CHESS price has grew by 0.96% in the last day, and increased by 3.28% in the last 7 days. It’s important to note that current Tranchess market capitalization is $29,316,739, and the maximum supply is 300,000,000 CHESS coins. Talking about circulating supply, CHESS has 158,681,165 coins. Currently, Tranchess rank on the market is #622.

Tranchess price today is 97.67% below all time high, and it is 399.83% above all time low.

All data and prices are updated in real-time. The most active and popular exchanges for buying or selling CHESS are Binance, Kucoin & Kraken. Find more crypto exchange options on our Crypto Exchange Tracker. The most secure hardware wallets for keeping your cryptocurrency safe are Ledger and Trezor.

What is Tranchess (CHESS)?

CHESS is the native token of Tranchess, which is a yield-enhancing tracker that creates different risk categories for investors with different risk profiles. The Tranchess crypto project seeks to meet the investment needs of various types of investors. This includes conservative investors who prefer holding low-risk stablecoins, long-term believers in popular assets such as BTC, ETH, and BNB, or high-risk investors who tend to have leveraged portfolios.

Curious about the current CHESS price? Check out the Tranchess price chart above.

The project's name is inspired by the French word “Tranche”, which is associated with tranche funds. These types of funds cater to different investors with varied risk tolerance. Generally, there is a junior and a senior tranche. A senior tranche may offer a fixed rate of return, while a junior tranche may be variable and far more profitable. If the product underperforms, the senior tranche is still paid out but at the expense of the junior tranche. Even though the setup of Tranches may be slightly different from traditional tranche funds, the idea is much the same.

In addition to that, the name also draws inspiration from the game of Chess.

Trachess utilizes a pricing model called Time-Weighed Average Price (TWAP) to filter out asset prices. It also uses trusted decentralized oracles such as Chainlink. Furthermore, it has an effective funding cost, supported by the USDC lending rate on the Venus protocol.

How Does Trachess Work?

The main fund of Tranchess is called the token QUEEN. This fund tracks a specific underlying asset, say ETH, but it is split equally into two sub-funds. One sub-fund, BISHOP, provides risk-averse investors with a high-yield token. The other sub-fund, the ROOK token, offers risk-seeking investors leveraged exposure to the underlying asset.

To illustrate, let's assume that you are an aggressive investor who believes in a long-term uptrend of BTC prices. You can put a leveraged long position in BTC using margin. This position will earn you big profits if the BTC price goes up. However, if the price falls, you could lose all your money due to forced liquidation. In another scenario, your exchange may lack bids monetarily due to a flash crash, which would lead to the liquidation of your assets. However, the scenario on the particular exchange may not be a clear reflection of the general market price. Contrarily, if BTC prices go up significantly, your investment cost may go up due to high interest. The ROOK token is designed to solve this problem by providing BTC, ETH, and BNB leveraged exposure without risking forced liquidation.

In another scenario, assume you are a passive investor who prefers to hold stablecoins. You may be focused on preserving your capital yet looking for more fixed-income returns. Usually, you can invest your stablecoin in a lending protocol to earn profits. You can also invest in yield farm governance tokens by providing liquidity to an automatic market maker (AMM) pool. However, the price of your deposited asset may drop. In this case, you might suffer from impermanent loss. BISHOP token allows you to invest both ways without the impermanent loss risk. The token performs like a stablecoin. It earns interest by lending liquidity to ROOK token holders for its leveraged exposure. The token also allows holders to invest in Tranchess’ governance token, CHESS. BISHOP is a solution for passive investors looking for stable and attractive returns.

Lastly, you may be a long-term holder of, let's say, BNB, a high market cap asset. Such assets usually have low yields due to their availability on the general market. Tranchess’ QUEEN tokens solve the problem in two ways. One, it runs its BNB chain validator node and delegates its BNB funded by its investors. Two, QUEEN allows holders to farm CHESS tokens. It supports a single-asset strategy, which prevents impermanent loss even when the Tranchess price falls in the market. CHESS token is widely traded in major exchanges. Like any other cryptocurrency, the Tranchess price may vary due to various factors.

Now, let's put this together – the Tranchess ecosystem consists of the QUEEN token, which is created by depositing BNB, BTC, and ETH. QUEEN traces its underlying asset. At some point, QUEEN splits into BISHOP and ROOK tokens. ROOK provides a leveraged market exposure to any underlying asset through liquidity borrowed from BISHOP. BISHOP, on the other hand, provides holders with a higher yield in terms of lending interest.

Who Founded Tranchess?

Tranchess was founded by a tech team led by Danny Chong. The team is full of blockchain and financial experts with diverse backgrounds. Danny had worked for multinational companies such as BNP Paribas and Societe Generale. The team’s vision is to contribute to the shift from traditional centralized finance (CeFi) to decentralized finance (DeFi).

What Can You Do With CHESS Tokens? 

CHESS is a governance token of the Tranchess crypto project. In addition to allowing users to vote on the interest spread paid to BISHOP holders, it is also used to redistribute 50% of the protocol's income.

Don't forget to take a look at the Tranchess price chart if you want to see the current CHESS price.

Tranchess Tokenomics

The maximum supply of CHESS tokens is 300 million. The tokens are distributed as follows: Community Incentives (50%), Core Team (20%), Future Investors (15%), Ecosystem Treasury (10%), and Seed Investors (5%).

What's Tranchess trading volume in the last 24 hours?

CHESS has a trading volume of $2,491,270 in the last 24 hours.

What's Tranchess highest price ever?

CHESS has a highest price of $7.92, which was reached on Oct 22, 2021 (2 years 7 months ago).

What's Tranchess lowest price ever?

CHESS has a lowest price of $0.0370, which was reached on Dec 11, 2022 (1 year 5 months ago).

What are the best exchanges for buying and selling CHESS?

Currently, the most active and dominating exchanges for buying and selling Tranchess are Binance, Kraken & Kucoin. The most popular Tranchess trading pairs are CHESS/USDT (on Binance ), CHESS/USDT (on BingX ), CHESS/USDT (on Bitget ). Head to the Crypto Deal Directory to access custom & exclusive discounts, vouchers and welcome bonuses from the most popular exchanges.

What are the safest hardware wallets for keeping CHESS?

According to an in-depth review process and testing, Ledger and Trezor are one of the safest and most popular hardware wallet options for keeping Tranchess. For exclusive discounts and promotions on best crypto wallets, visit Crypto Deal Directory.

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Current market Price of a specific cryptocurrency.

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The cryptocurrency's market Price changes in percent within the last 24 hours (1 day).

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The highest historical cryptocurrency value.

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The lowest historical cryptocurrency value.

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Market Capitalization is the overall value of all coins/tokens that have been mined or issued until now and are in circulation (not locked). It's similar to the stock markets' Free-Float Capitalization.

Market Capitalization = Circulating Supply x Current Price.

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Market Capitalization is the overall value of all coins/tokens that have been mined or issued until now and are in circulation (not locked). It's similar to the stock markets' Free-Float Capitalization.

Market Capitalization = Circulating Supply x Current Price.

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FDMC is the Market Cap if the Maximum Supply of a coin/token was entirely in circulation.

FDMC = Max Supply x Current Price.

Note: if Maximum Supply is not available or limitless, Total Supply is used to calculate the value. FDMC will be undefined and marked as "--" if no form of Supply is available.

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FDMC is the Market Cap if the Maximum Supply of a coin/token was entirely in circulation.

FDMC = Max Supply x Current Price.

Note: if Maximum Supply is not available or limitless, Total Supply is used to calculate the value. FDMC will be undefined and marked as "--" if no form of Supply is available.

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It is a quantitative metric calculating how many individual units of specific cryptocurrency coins/tokens were traded (bought & sold) within the last 24 hours. It's a direct cryptocurrency's supply & demand indicator, and is purely related to its market price.

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It is a quantitative metric calculating how many individual units of specific cryptocurrency coins/tokens were traded (bought & sold) within the last 24 hours. It's a direct cryptocurrency's supply & demand indicator, and is purely related to its market price.

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The current cryptocurrency Market Capitalization Dominance among all other cryptocurrencies in the market.

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The ratio of Volume and Market Capitalization values.

The ratio of Volume and Market Capitalization values.

Publicly circulating amount of specific cryptocurrency coins/tokens that were mined or issued to date, and are not locked/staked (are available to be traded publicly).

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Verified Data

Tranchess project's Circulating Supply has been verified and is equal to:

Circulating Supply

158,681,165 CHESS

The absolute theoretical maximum number of coins/tokens that is coded and will ever exist in the cryptocurrency's lifetime. Similar to stock market's Fully Diluted Shares.

Note: Max Supply will be undefined and marked as "--" if project owners did not verify / provide any data.

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The quantity of all coins/tokens that have ever been issued (even if the coins are locked), minus all coins/tokens that have been removed from circulation (burned). The Total Supply is similar to stock market's Outstanding Shares.

Total Supply = All Issued Coins - Burned Coins.

Note: Total Supply will be undefined and marked as "--" if project owners did not verify / provide any data.

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