About Tranchess
Tranchess is a tokenized asset management and derivatives trading protocol. Inspired by tranche funds that cater to investors with different risk appetite, Tranchess aims to provide a different risk/return matrix out of a single main fund that tracks a specific underlying asset (e.g.BTC). The main tranche can be split into two sub-tranches with their own distinct risk return profile. Tranchess Protocol is not a standalone asset management ecosystem, but encompasses all features one can find in the DeFi space. It is a one-stop centre for those that wants to enjoy popular DeFi features- such as single-asset yield farming, borrowing & lending, trading, etc..
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Trading Insights
Searched
1
Market Stats
Market Cap
$14.62M
0.78%
FDV
$21.44M
Circ. Supply
205M CHESS
Max Supply
300M CHESS
Total Supply
300M CHESS
Total Value Locked
$43.51M
Diluted Valuation
$21.44M
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
$1.05M
-14.82%
Volume (7D)
$11.20M
Volume (30D)
$26.92M
All time high
$5.12
Price Change (1Y)
-53.4%
Additional details
Market details
CHESS vs markets
↘ 76.94%
CHESS vs BTC
↘ 77.06%
CHESS vs ETH
↘ 74.43%
Tags
defi
derivatives
staking
yield-farming
+4
Network & Addresses
Network | Address | |
|---|---|---|
BNB Smart Chain | 0x20de22029ab63cf9A7Cf5fEB2b737Ca1eE4c82A6 |
Price history
Time | Price | Change |
|---|---|---|
Today | $0.0714 | ↗ 0.46% |
1 Day | $0.0711 | ↗ 0.46% |
1 Week | $0.0729 | ↘ 2.02% |
1 Month | $0.0702 | ↗ 1.67% |
1 Year | $0.15 | ↘ 53.40% |
Coinbase insights
Recent trends
The latest CHESS price is $0.0714. Compared to Tranchess's value of $0.07 from 24 hours ago, there's been a 0% increase, while the current price is -2% down from $0.07 which was recorded one week ago. Tranchess's all time high is $5.12, which was reached on August 25, 2021. This is a -99% change from its price today.
The current circulating supply of Tranchess is 204,530,107. This is 68% of its max supply of 300,000,000 CHESS and 68% of its total supply of 300,000,000. The market cap is currently $14.62M, which is a result of multiplying the current price of Tranchess($0.07) by the total supply(300,000,000 CHESS). The fully diluted valuation of Tranchess is $21.44M. The diluted valuation of Tranchess is $21.44M.
FAQ
Tranchess is a distinctive cryptocurrency protocol that strives to create a varied risk/return matrix from a single main fund that tracks a specific underlying asset, such as Bitcoin (BTC). The protocol is composed of three tranche tokens: QUEEN, BISHOP, and ROOK, each designed to cater to different user needs. QUEEN aims to be a BTC-tracking token with yield farming features, BISHOP aims to provide stable compensation, and ROOK seeks to provide leveraged exposure to the main fund tracking BTC. Tranchess also has a governance token, CHESS, which plays a crucial role in the protocol's ecosystem.
Tranchess operates through smart contracts, making it transparent and automated across processes. The protocol enables users to track BTC, may receive additional compensation by lending out their tokens, or enjoy leverage with no forced liquidation. Users can also receive a portion of platform compensation as part of their staking. Tranchess uses a unique mechanism called the Premium-Discount Orderbook system for trading. This system enables users to trade the premiums or discounts of a forward-starting 30-minute Time Weighted Average Price (TWAP) rather than the live prices of tokens.
Tranchess aims to cater to a wide range of users with varying risk appetites. For those who prefer stable return yielding, Tranchess has the BISHOP token. For users interested in leveraged crypto asset trading, the ROOK token is an option. And for long-term crypto asset holders, the QUEEN token aims to be a BTC-tracking token with yield farming features. Additionally, the CHESS token enables users to participate in the governance of the Tranchess protocol, making decisions about the protocol's future.
Tranchess was conceived in 2020 by co-founder Danny Chong and his team, who have diverse experiences in tech firms and investment banks. The team's vision is to empower users of Decentralized Finance (DeFi) with Omni Asset Management capabilities and contribute to the paradigm shift from Traditional Finance to DeFi. The Tranchess protocol was designed to address some of the pain points in the current asset management sector of the DeFi market, such as the need for flexible and convenient primary market redemption, convenient secondary market trading with high liquidity, and stable enhanced returns.
We update our Tranchess to USD currency in real-time. Get the live price of Tranchess on Coinbase.
The current market cap of Tranchess is $14.62M. A high market cap implies that the asset is highly valued by the market.
The all-time high of Tranchess is $5.12. This all-time high is highest price paid for Tranchess since it was launched.
Over the last 24 hours, the trading volume of Tranchess is $1.05M.
Assets that have a similar market cap to Tranchess include Yooldo, Magpie, Vara, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Tranchess is 205 million.
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Terms apply. 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.
Social stats
Popularity in posts
#755
Contributors
189
Posts
626
% About Tranchess
0.048%
Hold times
0 days
X (Twitter)
63.64% bullish
Sentiment
4.9 ★
Highlights
189 unique individuals are talking about Tranchess and it is ranked #755 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Tranchess has an average sentiment score of 98 out of 5. Finally, Tranchess is becoming less newsworthy, with 0 news articles published about Tranchess.
On Twitter, people are mostly bullish about Tranchess. There were 64.05% of tweets with bullish sentiment compared to 0.64% of tweets with a bearish sentiment about Tranchess. 35.95% of tweets were neutral about Tranchess. These sentiments are based on 625 tweets.
On Reddit, Tranchess was mentioned in 1 Reddit posts and there were 1 comments about Tranchess. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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Legal
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.
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.