Tranchess Protocol is the brainchild of Co-Founder Danny Chong and Team. The concept was incepted in 2020 with a team across diverse experiences and roles in tech firms such as Google, Facebook, Microsoft to Investment Banks such as Morgan Stanley, UBS and BNP Paribas.

Our tech team is particularly experienced with cyber security in trading and DeFi protocols, their knowledge in smart contract coding is additive to the maintenance and upgrades in years to come.

Danny himself had worked at both BNP Paribas and Societe Generale, holding positions across his career from trading, sales and management regionally in FICC space.

It is the team’s vision to empower users of DeFi with Omni Asset Management capabilities and contributing to the paradigm shift from Traditional Finance to DeFi. And in time, to offer a full product suite in Asset Management Protocols, tailored for DeFi users across risk capacities and appetites.

The project leverages on smart contracts that makes it transparent and automated across processes. The protocol allows users to have enhanced earning while tracking BTC, earns extra interests by lending out their tokens, or enjoying leverage with no forced liquidation. Users also get a share of platform earnings as part of their staking returns. Tranchess ecosystem allows gain from both NAV and yield perspectives.

Our smart contracts do not rely on price feeds from other smart contracts and thus are highly resistant to price manipulation such as flash loan attacks. Tranchess price oracle uses 30-minute TWAP instead of discrete oracle price. This minimizes the possibility of oracle manipulation attack. Tranchess oracle extends the Open Oracle standard by Compound, accepts signed price data from two separate sources (Coinbase and OKEX) and computes time-weighted average price (TWAP) in every 30-minute epoch.

Other security measures includes: Multiple rounds of code audit by reputable teams (Peckshield & Certik), Bug Bounty (Immunefi) and Multi-signature settings.

Chess Tokens has a max supply of 300 million with following allocation: 5% seed investors, 20% core team, 15% reserved for future investors, 50% liquidity mining, 10% Treasury.

300,000 from Treasury are released through Pancakeswap’s liquidity pool.

CHESS emission as below:

For Week 1-4, 300,000 on the first week, and each new week thereafter adds 300,000 new tokens additionally on top of previous week’s distribution.

Week 5 distributes 2,400,000 tokens.

For Week 6-20, starts from 2,304,000 and decreases by 4% each week onwards.

Remaining distribution to be decided later.

CHESS is available for trading on Pancakeswap from 8 July 2021. It would be available on other exchanges later.

The all-time high of CHESS was 7.92 USD on 2021-10-22, from which the coin is now down 98.56772782565658%. The all-time high price of Tranchess (CHESS) is 7.92. The current price of CHESS is down 98.56772782565658% from its all-time high.

As of , there is currently 200.25M CHESS in circulation. CHESS has a maximum supply of 300.00M.

The current market cap of CHESS is 22.72M. It is calculated by multiplying the current supply of CHESS by its real-time market price of 0.113435956208.

The all-time low of CHESS was 0.1197556 , from which the coin is now up -5.277117556089241%. The all-time low price of Tranchess (CHESS) is 0.1197556. The current price of CHESS is up -5.277117556089241% from its all-time low.

Tranchess (CHESS) has a market capitalization of $22.72M and is ranked #898 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze Tranchess (CHESS) price trends and patterns to find the best time to purchase CHESS.