Tranchess
Name
Tranchess
Summary
Tranchess is a yield-enhancing asset tracker that offers a variety of risk-return options.
-It was founded by Danny Chong and Team
-It is built on the Binance blockchain.
Rating
Symbol
CHESS
Overview
Tranchess is a yield-enhancing asset tracker system that offers a wide range of risk-return options. Tranchess' objective is to provide asset allocation flexibility to DeFi subscribers. Tranchess is continuously developing its protocols to include more products for users while also improving the accessibility to users by researching new chains and crypto-assets as underpinning.
Tranchess provides a structured financial solution for investors interested in crypto assets. Its primary product design is based on traditional finance's tranche fund products, in which financial firms split a single main fund into many risk/return levels.
Historical Price Movement (in INR)
Technology
Tranchess is made up of three tokens: QUEEN, BISHOP, and ROOK, as well as the CHESS governance token. Each of the three tranches is tailored to meet the needs of a certain user group: stable return yielding (Tranche BISHOP), leveraged crypto asset trading (Tranche ROOK), and long-term crypto-asset holding (Main Tranche QUEEN).
Since, its built on the Binance blockchain, the programming languages supported are GO, Java, Javascript, C++, C#, Python, and Swift.
Seed investors
5%
Core team
20%
Reserved for future investors
15%
Liquidity mining
50%
Treasury
10%
Volume (18th April 2022)
$20,978,022
Total Supply
300000000
Circulating supply
71,786,794.52 CHESS
Crowd Sales
It has raised $1.5 million in one round of investment.
Funding
4-07-2021: Seed Round- $1.5M
Country
China
Name of Organization
Tranchess
Year Incorporated
2021
Registered Address
NA
Dispute Resolution and Governing Law
China
Country Risk Assessment
A2
Founding Team
| Name | Designation | Education | Experience |
| Danny Chong | Co-Founder | Nanyang Technological University: Bachelor of Engineering (BEng), Electrical and Electronics Engineering | 16 yrs |
| Thomas Yu | Chief Growth Officer | New York University: Bachelor's degree, Computer Science and EconomicsWestern Academy of Beijing: International Baccalaureate Diploma Programme | 3 Yrs |
