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Long-term holding: 2 stars★★
Growth potential: 2 stars★★
X Followers: 41,000
#Tranches is a tokenized asset management and derivatives trading protocol.
Tranchess aims to offer different risk/return matrices from a single main fund that tracks a specific underlying asset (e.g. BTC).
Supply: 300 million (including: 20% for the core team, 15% for future investors, 5% for seed investors, and 50% for community incentives)
Circulation: 97 million
Circulation rate: 32.5%
Market value: $12.53 million
Simply put, CHESS is a DeFI product that includes three modes, three types of benefits and risks:
A low-yield, low-risk method: staking BTC and mining a single coin (or understanding it as earning interest on holding coins);
A low-yield, low-risk option: staking USDC and mining a single coin (or earning interest on the coin);
A high-return, high-risk option: pledge BTC or USDC for leveraged mining;
Currently, ETH is also supported on it, you can take a look if you are interested.
Regarding token distribution, it will take about 2 years for seed investors to unlock the tokens, 3 years for the core team, and 4 years for community incentives. The time period will be calculated starting from June 2021.
The chips are still relatively concentrated and the market is severely controlled. The project direction is still good. The chips are in the hands of the project party. The disadvantage is that the market is severely controlled. The advantage is that the project party wants to make a profit, so it will pull up the secondary market.
Currency: #CHESS
Type: Medium and long term
Buy point 1: 0.117
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Sell point 1: 0.16
Sell point 2: 0.22
Sell point 3: 0.3
