About Tranchess
Market Stats
Market Cap
$17,441,265.76
FDV
$26,035,184.10
Circulating Supply
200,973,410 CHESS
Max Supply
300,000,000 CHESS
Total Supply
300,000,000 CHESS
Hold Time
No data
Performance
Popularity
No data
Dominance
0%
Volume (24H)
$2,395,933.88
-0.3%
All time high
$5.12
Additional info about Tranchess
Networks and details
The price of Tranchess has decreased by 1.38% in the last hour and decreased by 2.68% in the past 24 hours. Tranchess’s price has also fallen by 11.03% in the past week. The current price is $0.0868 per CHESS with a 24-hour trading volume of $2.40M. Currently, Tranchess is valued at 98.30% below its all time high of $5.12. This all-time high was the highest price paid for Tranchess since its launch.
The current circulating supply of Tranchess is 200,973,410 CHESS which means that Tranchess has as total market cap of $17,441,265.76.
Price history
Today | $0.0868 | ↘ 2.68% |
1 Day | $0.0892 | ↘ 2.68% |
1 Week | $0.0976 | ↘ 11.03% |
1 Month | $0.12 | ↘ 27.64% |
1 Year | $0.31 | ↘ 71.87% |
Market details
Performance against other markets | ↘ 72.15% |
Performance against BTC | ↘ 74.31% |
Performance against ETH | ↘ 39.23% |
Performance in the past year | ↘ 71.87% |
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 $17.44M. 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 $2.40M.
Assets that have a similar market cap to Tranchess include Artrade, Crown by Third Time Games, Magpie, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Tranchess is 201 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
#1365
Contributors
91
Posts
602,417
% About Tranchess
0.025%
Hold times
0 days
X (Twitter)
12% bullish
Sentiment
3 ★
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.
Highlights
91 unique individuals are talking about Tranchess and it is ranked #1,365 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 3 out of 5. Finally, Tranchess is becoming more newsworthy, with 0 news articles published about Tranchess. This is a 0% increase in news volume compared to yesterday.
On Twitter, people are mostly neutral about Tranchess. There were 12% of tweets with bullish sentiment compared to 4% of tweets with a bearish sentiment about Tranchess. 84% of tweets were neutral about Tranchess. These sentiments are based on 151 tweets.
On Reddit, Tranchess was mentioned in 0 Reddit posts and there were 0 comments about Tranchess. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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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.