Today, it was announced by Binance that list Tranchess in the Innovation Zone and the trading will be available for CHESS/BNB, CHESS/BTC, CHESS/BUSD, and CHESS/USDT. During the last 24 hours, the token has sharply increased and started to grow at a fast pace which is resulted in a rise of more than 92.5%. The market capitalization of CHESS is $206,335,406 while the trading volume is $299,759,484. Tranchess is the derivatives trading protocol and asset management. CHESS is the governance token of this innovation.
The token can be used in the process of voting or any different governance proposals. Additionally, the holder of CHESS will be able to receive 50% of the fees which is produced by the protocol as weekly rebate rewards. The goal of Tranchess is to offer a risk/reward matrix produced from a single primary fund that monitors a single underlying asset. The total supply is more than $300 million with 38 Million tokens.