What is Tranchess (CHESS)?

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What is Tranchess (CHESS)? Tranchess (CHESS) is an ERC-20 token using the Binance Smart Chain network. It is a tokenized asset management and derivatives trading protocol backed by tranche funds for different investor groups. CHESS is the management token of the protocol and is used for management decisions. cryptocoin.com We have compiled the details for you, let’s examine the subject together…

What is Tranchess (CHESS)?

The aim of the project is to provide a different income through a single main fund. The project was released on June 24, 2021. The project was developed by Danny Choung and his team. The name of the project, Tranchess, comes from the game of chess and the French word “Tranche”.

Advantages and Disadvantages

Advantages of CHESS Coin:

  • It is a project with a highly recognized and experienced developer team in the DeFi industry.
  • Users have the opportunity to earn extra interest income from the leverage of CHESS coins without debt or any obligation.
  • It allows traders to earn more income while following BTC.
  • The Tranchess (CHESS) ecosystem provides extra income to its users from both the NAV and yield perspective.
  • In addition, CHESS holders receive back 50% of the fees generated by the protocol as weekly discount rewards.

Disadvantages of CHESS Coin:

  • As there is high competition among other DeFi projects, CHESS Coin may lag behind its competitors.
  • CHESS Coin, like every crypto currency, can experience sudden price drops and highs due to its high volatility. Therefore, it is a risky investment choice.

How to get CHESS Coin?

  • CHESS Coin is listed on popular and trading volume exchanges such as Binance, Gate.io, ZT, Mandala Exchange and BngX.
  • First, enter any exchange platform where the above-mentioned CHESS Coin is listed. Then enter the free account creation page.
  • After entering the requested information, create your account.
  • Complete the authentication process steps completely.
  • Then, after completing the account opening and verification process, transfer money from the deposit menu of the stock exchange with the method that is suitable for you.
  • In the last step, enter the exchange tab where CHESS Coin is listed. You can easily have CHESS Coins by entering the current price or the amount you want.

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