The CHESS coin, also known as Chess.com (CHESS), is the native cryptocurrency of the Chess.com platform, a popular online chess platform. Here are some key points about CHESS:$CHESS
- _Consensus Algorithm_: Ethereum-based ERC-20 token
- _Total Supply_: 1 billion CHESS tokens
- _Circulating Supply_: Approximately 200 million CHESS tokens
- _Use Cases_:
- Payment for premium features and services
- Entry fees for tournaments and events
- Rewards for participating in events and activities
- Governance and voting rights
- _Unique Features_:
- Integrated with Chess.com platform
- Incentivizes participation and engagement
- Growing ecosystem of chess and gaming applications
- Focus on community building and development
Chess.com aims to provide a tokenized economy for the chess community, with CHESS tokens playing a key role in the platform's ecosystem.
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