Tranchess (CHESS) is an asset monitor that enhances yield through various risk/return services. Tranchess provides a single main fund tracking a specific underlying asset, offering a different risk/return matrix. The name “Tranchess” is inspired by the game of chess and the French term “Tranche,” which is commonly associated with tranche funds targeting investors with different risk appetites.
Tranchess was launched on June 24, 2021. The main fund, also known as the Queen token, tracks a specific underlying asset and can be split equally into two sub-funds. In addition, most popular DeFi features like single-asset farming, borrowing/lending, and trading are available on the platform.
The Tranchess project utilizes transparent and automated smart contracts that operate between processes. The protocol enables users to earn more by tracking cryptocurrencies, lending their tokens, or taking advantage of leverage without mandatory liquidation. Users share in platform earnings as part of their returns. The Tranchess ecosystem provides returns from both NAV and yield perspectives.
Where to Buy CHESS Coin?
Tranchess Coin can be safely traded on Binance, the world’s largest cryptocurrency exchange by trading volume. CHESS Coin is traded on Binance under the pairs CHESS/BTC, CHESS/BNB, CHESS/USDT, and CHESS/BUSD.
To buy Tranchess Coin, you must first become a member of the Binance exchange. Once the membership is complete, you need to transfer cryptocurrency or fiat currency to the Binance wallet. After completing the transfer, you can buy CHESS Coin from any of the four pairs mentioned above. To purchase via the CHESS/USDT trading pair, go to the interface of this pair. In the limit section of the CHESS/USDT interface, enter the desired purchase amount. After specifying the amount, complete the purchase by placing a CHESS Buy order.
