Changelly introduces the CHESS token, which is now available on the platform. Thereby, users can quickly and easily exchange CHESS tokens at floating rates. CHESS is a governance token of the Tranchess community. Tranchess is a yield-enhancing asset tracker protocol with varied risk-return solutions. Tranchess’s vision is to empower DeFi users with asset allocation flexibility. The project aims to be a long-term solution for the long-term holders of crypto assets. Tranchess’s mission is to continuously expand its protocols to encompass more offerings to users while improving accessibility by exploring new chains and crypto assets as underlying ones. Thanks to smart contracts, the project is transparent and automated in terms of processes. The protocol allows users to have enhanced earnings while tracking BTC, earn extra interests by lending out their tokens, or enjoy leverage with no forced liquidation. Users also get a share of platform earnings as part of their staking returns.
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).
Changelly provides an ecosystem of products and services that enables customers to have a one-stop-shop experience when engaging with crypto.
Operating since 2015, Changelly acts as an intermediary between crypto exchanges and users, offering access to 200+ cryptocurrencies that can be effortlessly exchanged within 10 minutes on desktop and on the go via Changelly mobile app.
In 2020, Changelly branched out to accommodate the needs of traders. PRO has been built as a platform focused on the customer’s needs, effectively enabling retail buying and selling digital tokens and coins. Piggybacking on the great support system found within Changelly, Changelly PRO will provide the community with high limits, effective pricing, fast execution, and 24/7 live support.
Learn more about Changelly:
Changelly website: changelly.com
Changelly PRO website: pro.changelly.com