The Block • Sep 27, 23
Bitcoin’s correlation with equities continuing to diverge
The correlation between bitcoin and equities will continue to diverge over the coming months due to the Fed's continued monetary tightening.
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Tranchess
CHESS
Tranchess is not supported by Coinbase.
Market
Market stats
Market cap
$16.5M
Volume (24h)
$1.7M
Circulating supply
124.5M CHESS
All time high
$7.92
Price change (1h)
-0.29%
Price change (24h)
+0.24%
Price change (7d)
+5%
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Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
Tranchess is on the rise this week.
The price of Tranchess has risen by 5.00% in the past 7 days. The price increased by 0.24% in the last 24 hours. In just the past hour, the price shrunk by 0.29%. The current price is $0.13 per CHESS. Tranchess is 98.33% below the all time high of $7.92.
The current circulating supply is 124,460,660 CHESS.
About
What Is Tranchess (CHESS)?
Tranchess is a digital asset management ecosystem protocol that seeks to facilitate many risk-return solutions. The whitepaper suggests that the users can avail many DeFi features like single asset yield farming, borrowing, lending, trading, etc., through the Tranchess ecosystem. Yield farming is a trading technique through which crypto holders get rewards by holding their cryptocurrencies.
The currency seeks to give long-term DeFi solutions to customers. There are many existing asset management protocols in the crypto space. However, these DeFi protocols have various problems, which are as follow:
Those who seek steady returns on their crypto trades have limited options in the current DeFi space.
Aggressive traders who seek to maximize their returns rely on DeFi products that can't do real-time price matching, settlement, or forced liquidation.
The existing DeFi protocols are vulnerable to attacks and exploits in times of extreme market volatility. Tranchess aims to solve these issues through its tokenized structured fund protocol. This tokenized structured fund protocol seeks to cater to a wide range of traders and their needs through three tranche funds - QUEEN, BISHOP, and ROOK.
QUEEN is the main fund/token for BTC tracking and has yield farming features. Traders can swap their BTC with QUEEN to seek to enhance their yield. BISHOP, the sub-fund of QUEEN, can be achieved by splitting QUEEN in half. The BISHOP token seeks to enable crypto traders to earn stable yield regularly. The other half of the QUEEN tranche split is ROOK. Users can use ROOK to purchase the main fund to track BTC.
Chess is the governance token of the Tranchess protocol. The ticker of the token is CHESS. Chess is an ERC-20 token which is the token standard of Ethereum. Users can harvest CHESS tokens by staking their QUEEN, ROOK, and BISHOP tokens in this network. Chess holders can lock these tokens to get veChess to vote for Tranchess community proposals.
History of Tranchess (CHESS)
Tranchess was first conceptualized in 2020 and later developed into the full-stack protocol. The team behind the network is full of blockchain and financial experts with diverse backgrounds. The maximum total supply of the token is 300 million CHESS coins.
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Tranchess Calculator
How much is 1 CHESS?
Conversion Table
CHESS/CAD (Canadian Dollar)
CA$0.18
CHESS/JPY (Japanese Yen)
¥19.76
CHESS/INR (Indian Rupee)
₹10.97
CHESS/BRL (Real)
R$0.67
CHESS/EUR (Euro)
€0.13
CHESS/NGN (Nigerian Naira)
NGN 101.20
CHESS/KRW (South Korean Won)
₩179.19
Reading List
News
Decrypt • Sep 27, 23
You Can Now Trade Bitcoin Mining Hashpower on Arbitrum
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Unchained • Sep 27, 23
SEC Chair Gensler Says Bitcoin Isn’t a Security
Appearing before the U.S. House Financial Services Committee on Wednesday, Securities and Exchange Commission (SEC) Chair Gary Gensler said that bitcoin (BTC) isn’t a security but stopped short of calling the digital asset a commodity. The sentiment echoed Gensler’s previously more lenient stance on
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CoinDesk • Sep 27, 23
The Protocol: Google Pushes Deeper into Blockchain
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CoinDesk • Sep 27, 23
With All Eyes on a Spot Bitcoin ETF Approval, Don’t Sleep on ETH (or ETHE)
There’s a better trade than buying Grayscale’s GBTC if you’re optimistic the SEC will approve crypto ETFs.
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The Block • Sep 27, 23
FalconX participates in $3 million seed round for DeFi portfolio manager Bril Finance
Bril Finance raised $3 million in seed funding from FalconX, Kosmos Ventures and the Algorand Foundation. It also officially launched on Sei.
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FAQ
What is the current price of Tranchess?
We update our Tranchess to USD currency in real-time. Get the live price of Tranchess on Coinbase.
What is the market cap of Tranchess?
The current market cap of Tranchess is $16.47M. A high market cap implies that the asset is highly valued by the market.
What is the all time high of Tranchess?
The all-time high of Tranchess is $7.92. This all-time high is highest price paid for Tranchess since it was launched.
What is the 24 hour trading volume of Tranchess?
Over the last 24 hours, the trading volume of Tranchess is $1.74M.
What other assets are similar to Tranchess?
Assets that have a similar market cap to Tranchess include StaFi, BitMart Token, Dione Protocol, and many others. To see a full list, see our comparable market cap assets.
How many Tranchess are there?
The current circulating supply of Tranchess is 124 million.
Can I buy Tranchess on Coinbase?
No, Tranchess is not currently available on Coinbase, but you can sign up to get the latest news on Tranchess and be notified when it gets added to our exchange.
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.