Binance Exchange Add Tranchess (CHESS) in the Innovation Zone.
New token in the innovation zone on Binance Exchange - Tranchess (CHESS)
Binance will list Tranchess (CHESS) in the Innovation Zone and will open trading for CHESS/BNB, CHESS/BTC, CHESS/BUSD and CHESS/USDT trading pairs at 2021-10-22 06:00
Users can now start depositing CHESS in preparation for trading
Withdrawals for CHESS will open at 2021-10-23 06:00 (UTC)
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Note: The withdrawal open time is an estimated time for users’ reference. Users can view the actual status of withdrawals on the withdrawal page.
CHESS Listing Fee: 0 BNB.
What is Tranchess (CHESS)?
Tranchess is a yield enhancing asset tracker protocol with varied risk-return solutions. The concept of Tranchess was first incepted in early 2020 and was developed quickly into its current state. Inspired by tranche funds’ ability to satisfy users’ varying risk appetites, Tranchess aims to provide a different risk/return matrix out of a single main fund that tracks a specific underlying asset (e.g. BTC).
Tranchess’s vision is to empower users of DeFi with asset allocation flexibilities. We hope to be a long term solution for long term holders of crypto assets. Tranchess's mission is to continuously expand our protocols to encompass more offerings for users; At the same time improve our accessibility to users by exploring new chains and crypto assets as underlying.
Tranchess is a yield enhancing asset tracker with varied risk-return solutions on Binance Smart Chain (BSC). CHESS is the governance token of the protocol and can be used for voting on governance proposals. Tranchess holders will also receive 50% of the fees generated by the protocol as weekly rebate rewards.
Reminder:
The Innovation Zone is a dedicated trading zone where users are able to trade new, innovative tokens that are likely to have higher volatility and pose a higher risk than other tokens.
Before being able to trade in the Innovation Zone, all users are required to visit the web version of the Innovation Zone trading page to carefully read the Binance Terms of Use and complete a questionnaire as part of the Initial Disclaimer. Please note that there will not be any trading restrictions on trading pairs in the Innovation Zone.
CHESS is a relatively new token that poses a higher than normal risk, and as such will likely be subject to high price volatility. Please ensure that you exercise sufficient risk management, have done your own research in regards to CHESS’s fundamentals, and fully understand the project before opting to trade the token.
Details:
CHESS Website
CHESS Block Explorer
Rules
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Risk warning: Cryptocurrency trading is subject to high market risk. Please make your trades cautiously. Binance will make best efforts to choose high-quality coins but will not be responsible for your trading losses.