BIT will list Tranchess (CHESS) and it will be opened for trading on 17:00 (UTC+8) October 29th, 2021. Users can now start making deposits to prepare for trading CHESS/USDT.
What is 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.
CHESS is the governance token of the protocol and can be used for voting on governance proposals. CHESS holders will also receive 50% of the fees generated by the protocol as weekly rebate rewards.
Cryptocurrency trading is subject to high market risk. Please make your trades cautiously. BIT will make best efforts to choose high-quality coins but will not be responsible for your trading losses.
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