The cryptocurrency $CHESS is associated with two distinct projects: Tranchess and ChessCoin.
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🧠 Tranchess ($CHESS)
Tranchess is a DeFi (decentralized finance) protocol that offers investment products with different risk and return profiles. Its native token, CHESS, serves governance and utility functions within the platform.
🔍 Key features:
Governance: Holders of #CHESS can participate in protocol decisions by voting on proposals that influence the future of the platform.
Staking and rewards: Users can stake tokens such as QUEEN, BISHOP, and ROOK to earn CHESS as a reward.
Tranche structure: The protocol divides investments into different tranches (QUEEN, BISHOP, and ROOK), allowing users to choose products with varying levels of risk and return.
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♟️ ChessCoin ($CHESS )
ChessCoin is an older project, launched in 2016, focused on the chess community and rewards through a digital currency. Although it shares the same ticker ($CHESS ), it is a distinct project from Tranchess.
