Question 1

What is Tranchess (CHESS)?

Accepted Answer

Tranchess is a decentralized finance (DeFi) protocol that offers innovative ways to invest in cryptocurrencies. Tranchess specifically centers around the CHESS token, which acts as the governance and utility token for the platform. This token offers holders the ability to vote on critical protocol decisions and obtain a share of the protocol's revenue.

The Tranchess platform is designed to split Bitcoin price exposure into tranches, allowing investors to engage in customized strategies based on their risk appetite. It includes three primary tranches: Queen, Bishop, and Rook, each representing a different investment profile with distinct risk-reward ratios.

Question 2

What is CHESS used for?

Accepted Answer

The CHESS token underpins the operation and governance of the Tranchess platform. As a governance token, CHESS holders can propose and vote on various platform decisions, thereby having a direct say in the development and future direction of the protocol. They also share in the protocol’s profits, creating a method for decentralized revenue distribution. Furthermore, CHESS token can be staked to earn additional yield, making it an integral part of the platform's incentive structure.

Question 3

Who created Tranchess (CHESS)?

Accepted Answer

Tranchess (CHESS) was first put forth by Danny Chong along with his team.

#	Instrument	Exchange	Benchmark Score	Price	24h Change	24h Volume	24h Open	24h High
1	CHESS-USDT CHESSUSDT	hitbtc	E	0.0₃5000USDT	0.00%	0CHESS	0.0₃5000USDT	0.0₃5000USDT
2	CHESS-BTC CHESSBTC	hitbtc	E	0.0₇2100BTC	0.00%	0CHESS	0.0₇2100BTC	0.0₇2100BTC
3	CHESS-USDT CHESSUSDT	latoken	D	0.009968USDT	0.00%	0CHESS	0.009968USDT	0.009968USDT
4	CHESS-USDT CHESS_USDT	bitmart	B	0.06720USDT	0.00%	0CHESS	0.06720USDT	0.06720USDT