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CHESSUSD

CHESS/USDT on the verge of a big breakout!🚀 CHESS/USDT on the verge of a big breakout! 🚀 The CHESS/USDT pair is showing signs of a potential breakout, and the momentum is building up. 📈 The price is testing key resistance levels, and if it successfully breaks through, we could see a solid bullish rally. 🔥 💡 What to watch for: - A confirmed breakout above the resistance could trigger a sharp upward move. 🚀 - Increased trading volume may signal stronger buying interest. 📊 👀 Keep an eye on it: This setup could present exciting opportunities. However, always do your own research and manage your risk. 🧐 ⚠️ Disclaimer: This is not financial advice. DYOR (Do Your Own Research).
Long
by Crypto-By-Ghazi
The chess kingTranchess (CHESS) Tranchess is a protocol designed to enhance yields while offering diverse risk-return options for asset management. The idea for Tranchess emerged in early 2020, evolving rapidly into its present form. Drawing inspiration from tranche funds which cater to different investor risk preferences, Tranchess operates by creating multiple risk/return profiles from a single principal fund. This fund can track a single cryptocurrency like BTC, ETH, or BNB, or even a combination of various crypto assets. CHESS serves as the governance token for the Tranchess protocol, where holders can earn it by staking QUEEN, BISHOP, or ROOK tokens. CHESS can be traded on exchanges like Binance and Pancake Swap. By locking CHESS, users generate veCHESS, which allows them to engage in weekly rebates and governance decisions within the Tranchess ecosystem. Architecture and Specs The Tranchess Protocol is designed to enhance yield by offering a range of risk-return solutions that diversify the risk/return profiles from a single primary fund tracking a specific underlying asset, like BTC. Here's an overview of the Tranchess Protocol architecture. Each module comprises multiple smart contracts to achieve the necessary functions. Everything is developed in-house, except for two contracts under the "Asset" category, which are adaptations from other protocols. The Tranchess Fund Protocol operates as a collection of smart contracts that form its primary market framework. Here, an underlying asset serves as the foundation for creating tokenized equities known as the Main Tranche (designated as Token QUEEN). Token QUEEN itself can be subdivided into two specialized tranches: Token BISHOP, aimed at accruing interest with a yield that adjusts weekly based on market dynamics and governance decisions, and Token ROOK, which offers investors a 2x leverage opportunity without the peril of liquidation, optimizing for capital efficiency. The protocol conducts regular assessments of the net asset value (NAV) per share. Should the ratio of NAVROOK to NAVBISHOP exceed 2 or fall below 0.5, this triggers a rebalancing mechanism, uniformly adjusting share counts in all wallets to maintain equilibrium. Tokenomics Maximum Supply: 300 million Community Incentives: 50% Team: 20% Future Investors: 15% Ecosystem / Treasury: 10% Seed Round: 5% This token distribution reflects a strategy aimed at supporting the community, ensuring project development through the team, and attracting investments for future growth. The allocation of tokens between the team, investors, and the ecosystem is intended to ensure long-term interest from all parties in the project's success, while the emphasis on the community highlights the importance of users and participants in the CHESS ecosystem. Fundraising Tranchess has successfully completed a seed funding round, securing $1.5 million. This round was spearheaded by notable investors such as Three Arrows Capital and Spartan Group, with additional participation from Binance Labs, Longhash Ventures, IMO Ventures, and undisclosed opinion leaders. Lead Investors: Three Arrows Capital, Spartan Group Other Investors: Binance Labs, Longhash Ventures, IMO Ventures, anonymous opinion leaders Vesting As of today, all tokens have been unlocked! GitHub Tranchess is actively developing their smart contracts and related products. They have several repositories that include core contracts as well as tools to interact with QUEEN, BISHOP and ROOK tokens, indicating active development and support for the protocol. Blockchain As you can see, most of the token issuance is centered between the team, Binance and one of the leading funds. This greatly simplifies the model for pumping the asset. In addition to all this, the activity of the market maker GSR is noticed, which can skillfully pump up the price. In addition, the wallets of other investment funds were also found. In total, the interested parties to the pumping of the asset have about 95% of the entire coin issue on their wallets. Conclusion We have a project in DeFi that is reborn and allows us to bypass taxation, to all this there are funds that are interested in pumping up the price. We have on board the fund (3AC) that needs price growth the most, we have a good GSR market maker, active developers and no distribution area that will be “drawn” by big capital! Be prepared for a booming growth, don't miss this chance. Best wishes, Horban Brothers!
Long
by horbanbrothers
Tranchess CHESS - 1-year trendline is breaking out! CHESS is completely ready for a massive uptrend! A 1-year trendline is breaking out on the LOG scale, which is always nice to see. Price is printing a local rectangle consolidation (base) and if bulls can reach the top of the pattern, then I expect a huge pump. If we take a look at the volume indicator, we can see elevated bullish volume, so another great sign here! The impulse Elliott Wave has been finished and that's why I expect at least a retracement to the upside. Place your profit target at the start of wave (4). I expect tremendous pumps for selected altcoins. You can find them in the related section down below. For more ideas, please hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
43
CHESS/USDT 4HOUR UPDATE BY CRYPTOSANDERS Welcome to this quick CHESS /USDT analysis. I have tried my best to bring the best possible outcome in this chart. Reason of trade:-CHESS/USDT cup and handle create look bullish trend and BUY the green zone wait for entry Entry:-buy the green zone Traget:-40% TO 50% Stop loss:- $1.078 Remember:-This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade. Sorry for my English it is not my native language. Do hit the like button if you like it and share your charts in the comments section. Thank you.
Long
by CryptoSanders9563
Chessusd BuyHello traders! Chess coin is in consolidation since the start of this month and it is now ready for a breakout. As we can see this consolidation is below the correction pattern which means sooner or later it's going to jump inside the same trendline. It means in any case we are going to see some bullish move in chase soon. The expected target is 100% of the investment. There is a point where we will see Chess will go crazy, it's the point where unused Resistance level and broken trendline collide and it will collide on 2nd Jan 2022. It's the point where the market opens new dimensions for the pair. You should be careful of collision points because If Chess hits a collision point while rising then we will see a big bullish move. If Chess hits the collision point from above means it has already broken 4.26 resistance then it will come back to the collision point on 2nd jan and we will see a crash in the chess coin. Don't forget to hit the like button and follow to stay connected.
Long
by Aadil1000x
1