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Tranchess

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<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/what-is-tranchess-coin/" data-wpel-link="internal" rel="noopener noreferrer nofollow">What is Tranchess Coin?</a><br></p>
<p style="text-align: justify">Tranchess is an asset tracker that enhances returns through various risk-return solutions. Tranchess provides a different risk/return matrix from a single master fund that tracks a specific underlying asset. The name Tranchess is inspired by the game of chess and the French word “Tranche,” commonly associated with tranche funds that cater to investors with different risk appetites. Tranchess was launched on June 24, 2021.</p>
<h2 style="text-align: justify" id="what-is-tranchess-chess-coin">What is Tranchess (CHESS) Coin?</h2>
<p style="text-align: justify">According to the explanations, the Tranchess platform offers its users the following opportunities:</p>
<ul style="text-align: justify">
 <li>Enhanced yield returns without permanent losses</li>
 <li>Leveraged positions at low cost and without forced liquidation</li>
 <li>Zero Lock-up Period for QUEEN holders</li>
 <li>Preventing Oracle Attacks using TWAP (Time Weighted Average Price)</li>
</ul>
<p style="text-align: justify">The project benefits from smart contracts that make processes transparent and automatic. The protocol allows users to earn more by tracking BTC, lending their tokens, or leveraging without forced liquidation. Users also receive a share of platform earnings as part of their staking yields. The Tranchess ecosystem provides gains from both NAV and yield perspectives.</p>
<p style="text-align: justify">The platform’s smart contracts do not rely on price feeds from other smart contracts, making them highly resistant to price manipulations such as flash loan attacks. The Tranchess price oracle uses a 30-minute TWAP instead of discrete oracle prices, minimizing the chance of oracle manipulation attacks. The Tranchess Oracle extends the Open Oracle standard by Compound, accepting signed price data from two sources (Coinbase and OKEX) and calculates the time-weighted average price (TWAP) for every 30-minute period.</p>
<p style="text-align: justify">On the other hand, the Tranchess Protocol is the brainchild of Co-founder Danny Chong and Team. The concept was initiated in 2020 with a team from diverse experiences and roles at technology companies like Google, Facebook, Microsoft, and investment banks such as Morgan Stanley, UBS, and BNP Paribas.</p>
<p style="text-align: justify">The technology team is particularly experienced in cybersecurity concerning investment and DeFi protocols; their knowledge in smart contract coding will contribute to maintenance and upgrades in the coming years.</p>
<h2 style="text-align: justify" id="how-to-buy-tranchess-coin">How to Buy Tranchess Coin?</h2>
<p style="text-align: justify">CHESS Coin can be purchased quickly and securely through <a href="https://accounts.binance.com/en/register?ref=M8RGDITW" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">Binance</a>, the world’s largest cryptocurrency trading platform by trading volume.</p>
<p style="text-align: justify">To buy CHESS Coin, one must first sign up for <a href="https://accounts.binance.com/en/register?ref=M8RGDITW" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">Binance</a> and then send fiat currency. After sending a fiat currency such as the&nbsp; dollars, the purchase of CHESS Coin can be made in the CHESS trading pairs with <a href="https://en.coin-turk.com/binance-restricts-trading-of-12-altcoins-in-france-due-to-local-regulations/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Binance</a> Coin (<a href="https://en.coin-turk.com/bnb-coin-shows-signs-of-recovery-after-testing-key-support-level/" data-wpel-link="internal" rel="noopener noreferrer nofollow">BNB</a>), Tether (USDT), BUSD, and <a href="https://en.coin-turk.com/bitcoin-maintains-strong-stance-above-60000-support-level/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> (BTC).</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/what-is-tranchess-coin/" data-wpel-link="internal" rel="noopener noreferrer nofollow">What is Tranchess Coin?</a></h5>

What is Tranchess Coin?

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