We were invited to speak at the Satoshi Club AMA (Ask Me Anything) and were really pleased to introduce Tranchess Protocol to the Satoshi Club community in their official Telegram Group with over 85,000 active members.
We would like to thank once again the Satoshi Club Community for the warm support as well as the many excellent questions asked during our exclusive AMA. Here is the summary of the AMA, especially for those who did not manage to participate.
AMA Recap
Participants: Tranchess: Danny Chong(@Tranchess_King) / Satoshi Club: Paul Mont (@PaoloMonte87), Mary (@madamlobster)
Mary: Hello Satoshi Club! We are happy to announce our AMA session with Tranchess! Welcome to Satoshi Club😀
Paul: Today’s guest is @Tranchess_King! Welcome! Great to have you here!
Mary: Welcome here @Tranchess_King👋
Tranchess King: Thanks very much! Very happy to be here today with everyone from Satoshi Club!!
Paul: The pleasure is ours! We’re super excited to get to know more about Tranchess! 🔥🔥🔥
Mary: We are also excited about today’s AMA! And it would be cool if you will introduce yourself to our community 😉
Tranchess King: Sure! It’s exciting indeed for us to be here as well @PaoloMonte87 @madamlobster.
Paul: Yes, please tell us more your past experiences/background and how Tranchess came to life! 🚀🚀
Tranchess King: Alright so here I go ~~ This is Danny Chong, Co-Founder, representing the team @Tranchess. The team and I are excited to be with everyone here today. We will be trying our best to cover as wide a range of topics as we possibly can, including HOW Tranchess works and how holding on to Tranchess tokens can benefit each and every user out there.
Maybe just to mention a bit more on my team first before I touch on more about myself.
Paul: Sure!💪
Mary: Of course ☺️
Mary: When did you start to build Tranchess? How long did it take you to create it?
Tranchess King: Huge part of our c suite comes from the financial sector — we have across investment bankers, asset managers, hedge fund PM and execution.
We also have team members hailing from tech giants such as Microsoft / Facebook … Google.
In fact our tech team is particularly strong with cyber security as well as smart contract coding… really one of the reasons I can sleep soundly at night 😀
For myself, I’ve worked across investment banks over the last 16 over years in the likes of UOB, BNP Paribas, SocGen, primarily in roles such as sales, trading and management of teams across Asia Pacific.
Mary: Is your team public?😀
Tranchess King: Not at the moment 😀 we are more focused on working round the clock in getting the best protocol for all our users out there…. hence we prefer to only have me answering questions like now as speak 😀
Mary: How can this prevent? There are many teams whose publicity has not prevented them from building a great product😀
Tranchess King: Haha.. it’s a team decision. Our protocol as we go along, you can see, carries many interesting features and functionality, maybe some even first of its kind types.
Mary: Gotcha 👍 So, let’s talk about this more — When did you start to build Tranchess? How long did it take you to create it?
Tranchess King: The concept of Tranchess was first incepted in around mid 2020 and was developed quickly into its current state.. It took the team about a year + to get to where we are today…. you can have a further look @www.tranchess.com
Mary: 👏👏👏
Paul: Thank you for the introduction @Tranchess_King 🙂
Please tell us more about the project itself. What is Tranchess in a nutshell? 😁
Then we will get to a deeper level next with our comunnity’s questions 😉
Tranchess King: Sure!!
So in a nutshell ~ Tranchess is a yield enhancing asset tracker with varied risk-return solutions. Inspired by different tranches in a traditional fund set up that caters to investors with different risk appetite, Tranchess aims to provide a different risk/return matrix out of a single main fund.
And to explain on the tokens in Tranchess a bit further — The main fund Queen currently tracks BTC and can be split into 0.5 token Bishop and 0.5 token Rook. Token Bishop purely earns more yield and does not track BTC at all, while Token Rook earns smaller yield but is essentially a leverage token for BTC.
Paul: A tranche could be considered a subdivision of the main fund? Or a fund in itself? Or both? 🙃
Tranchess King: that’s a good question ~~ so it is actually subset of the main fund itself ~~ I hope the diagram gives a better explanation of the flow.
Paul: It is very clear, thank you for sharing it with us! 💪
And thank you for your introduction! I don’t want to get ahead of myself with questions, so I’d say we get on with our community questions! 😉
@Tranchess_King, are you ready to proceed to the questions from our community? 🚀
Tranchess King: sure thing… excited to see the questions from such a giganomous community that you have!
Paul: Haha great! Here we go!
6 Questions from the Community via Satoshi Club Website
Q1: Telegram User @NataliyaKil
I noticed that TRANCHESS has a very interesting project topic, especially the names of the tokens: Queen, Bishop, Rook, Chess. Could you tell us how you came to this idea, what is the meaning of your chosen project concept? Why were your tokens named that way, do their functions and purpose depend directly on their name, and what is their main difference from each other?
Tranchess King: that’s a really broad topic to cover ~ :) but here goes..
Paul: Yes, quite a comprehensive question:)
Tranchess King: Concept of Tranchess was first incepted in the early-mid 2020 and was then developed quickly into its current state. As many can probably tell from the logo and token names, the origin of Tranchess was inspired by the game of chess and tranches funds, which are securities that can be divided.
Tranche derives from the French for ‘slice’ or ‘portion.’
We named our main fund, or main tranche, as QUEEN, because Queen is the most powerful and decisive piece on the chessboard.
Just like Queen in the Chess game, our main Tranche QUEEN, is a dynamic and essential piece in the DeFi space.
And one who plays chess would well be aware: Bishop moves diagonally while Rooks moves across straight lines. Queen is naturally the summation of the moves that both of them can make. It only makes sense then Queen is the main fund, with Bishop and Rook being the tranche fund under.
Paul: Logical and creative 😉
Mary: And what are the main functions of your tokens?
Tranchess King: Tranchess came into being because as DeFi users we faced issues such as :
- Limited single asset farming products
- Low yield returns
- Impermanent loss — (bishop and queen is the solution!!)
- Forced liquidation
And so to explain their functions in simple terms:
Queen Token Holders: Tracks BTC
Bishop Token Holders: Get higher interest rate on idling USDCs
Rook Token Holders: Leveraged position on BTC with no forced liquidation
Also to add, staking all these tokens will get extra yield in the form of Chess tokens. 🙂
And also last but not least ~
Tranchess’s vision is to empower users of DeFi with asset management capabilities. We hope to be a long term solution for long term holders of crypto assets.
Our mission is to continuously expand our protocols to encompass more offerings for users; At the same time improve our accessibility to users by exploring new chains and crypto assets as underlying.
Paul: Worthy goal and vision to pursue 👏👏👏
Tranchess King: Thank you ~ we really would like to deliver the protocol that solves DeFi users’ issues currently and beyond.
Paul: So while we now know a bit about $QUEEN, $BISHOP and $ROOK, I think it’s worth to spend some words about the $CHESS token’s functionality? What are its main features?
Tranchess King: of cse, Chess token is basically the governance token of Tranchess. One will be able to get veChess from locking Chess tokens, which then gives voting power for borrow/lending rate between Bishop/Rook and also enjoy protocol income distribution ~~
Just to share also: https://twitter.com/tranchess/status/1417048401854623744?s=20
(Launch special! We’re giving out 75% (usual rate is 50%) of the protocol income to users who locks Chess during this limited period!! Lock your CHESS from 26th July!)
Mary: That’s clear! Thank you for your answers! Ready to go to the next question?😀
Tranchess King: sure thing pls
Q2: Telegram User @Arisabela
Tranchess is the first of its kind product and it comes with a lot of questions such as: what is the security of the project based on? I saw that they have a bug bounty system, can you tell us what rewards they are offering for those who contribute to the security of Tranchess? Also, what relationship do you have with large security companies such as PeckShield, Certik and Imnunefi?
Tranchess King: Security is a determining factor in the success of any DeFi protocol. We take security very seriously and have undertaken the highest standard in ensuring the security of our protocol.
Our tech team is led by a cyber security expert who is particularly experienced with cyber security in centralized crypto exchanges and DeFi protocols. The entire protocol is governed by smart contracts which once set in motion would be unlikely to deviate in its functionality and processes.
The protocol is now governed by 1-day timelock and multi-signature. We will also be launching our DAO in the next few months, which effectively hands over the management of the protocol to the Tranchess community.
Bug bounty is also one of our ways to show commitment to the security of the protocol. Rewards for Smart Contract vulnerabilities are distributed according to the impact of the vulnerability based on the Immunefi Vulnerability Severity Classification System.
& Depending on how severe the reported vulnerability is, our reward payout ranges from 1k USD to 50k USD. So our relationship with Immunefi is continuous down the road….
Mary: Have you considered auditing your smart contracts?
Tranchess King: Yes we have, our Protocol has also been audited by both PeckShield and Certik. For those that are interested in the audit report details, the links are on the front page of our website: https://tranchess.com/
Paul: A great opportunity among the code-savvies of our Satoshi Club to join up and contribute! 😉🔥
Tranchess King: that will be awesome indeed ~~
Paul: Thanks a lot for the answers @Tranchess_King! Question 3 is ready for you to answer 😉
Tranchess King: Drums Rolling ~
Q3: Telegram User @h1drX
The Create / Redeem feature is designed for long-term crypto asset holders, can you tell us more about this? How can the Create / Redeem function ensure long-term performance? Is it enough to just hold the tokens? With regards to holders who want to generate profits quickly, what option do they have?
Tranchess King: Sure. Create is the process of converting BTCB into Queen tokens, and Redeem is the process of converting Queen tokens back to BTCB.
Queen tracks the price performance of BTC, which is why we say that holding Queen gives you similar market exposure as holding BTCs
Queen is eligible for single-asset farming, so besides the same market exposure, staking Queen into the Tranchess protocol gives you an instant start to Chess token farming.
In fact ~ We are actually doubling our weekly Chess Token distribution starting tonight, from 1,200,000 to 2,400,000 Chess token, which will be distributed over the course of the following 1wk
Tranchess King: Besides the instant yield from Chess, we are also opening our Chess locking function on July 26th. We’ve prepared some interesting utilities for Chess, which includes a fee rebate that can enhance your yield a bit more.
https://twitter.com/tranchess/status/1417048401854623744?s=20
Mary: Does create mean that I need to deposit BTCB tokens to get Queen instead?
Tranchess King: Yes — you would need to deposit BTCB to create Token Queen ~
Mary: As I understand this function is already working, am I right?
Tranchess King: Yes indeed — since a month ago. And we have also entered into Full Launch status as of yesterday !
Paul: Congratulations! This is a really important milestone! 🚀
Mary: Congratulations! How many BTCB already were deposited? Do you have such kind of stats?
Tranchess King: oh yes … in fact ~~ if you open www.tranchess.com,
You will see it on the first page…
Let me get a live picture for the sake of everyone here.
Mary: Thank you 😀
Tranchess King: 1031 BTC deposited at this juncture.
Mary: Great achievements 👍
Paul: Nice, I guess in the future we should be expecting more funds, as well as an ETH fund 😉. Only that you’ll probably have to name it KING in that case? 😁
Tranchess King: Happy also to share that we broke the 1000 mark just today as well :)
Thank you~! With everyone’s support here… I am sure we can do great things.
Paul: Wonderful, thank you very much for your answers!
Mary: Thank you for your answers! Ready to proceed? 😀
Tranchess King: yes pls ~ 👌
Q4: Telegram User @Jonahapagu
Tranchess is adopting an order book-based system but with a twist: Rather than trading the live prices of tokens, the exchange allows users to trade premiums or discounts of a forward benchmark price, based on the next 30-minute TWAP (Time Weighted Average Price) fixing and This transaction’s reference price will then be the NAV for the next 30-min window.. so what functions does the NAV price play during trade and how does this twist improve your order book and make it different from the normal order book system used in exchanges, it is also said that this revolutionary mechanism minimizes the potential of oracle attacks.. so how does this mechanism minimise oracle attacks on the exchange…
Tranchess King: Long one — let me reaaaad..
Paul: Please, take your time 😁😉
Tranchess King: Tranchess’s Swap adopts a Premium-Discount Orderbook system, which means that the premiums or discounts of the forward-starting 30-minute TWAP (Time Weighted Average Price) NAVs are traded.
Tranchess defines each 30-minute trading window as one epoch, and users can place orders within each epoch at the premium or discount of the NAV calculated from the TWAP of the next epoch’s price.
TWAP serves many functions — As an oracle attack deterrent & ease of marketing marking, thereby generating good liquidity for users of Tranchess Swap.
On the oracle attacks specifically, many Defi Protocols have a reliance on trusted price feeds, and most protocols take a discrete tick price from the oracle’s price feed which is updated frequently.
This is easily exploitable for oracle attacks, especially under extreme market fluctuation. The 30 mins TWAP window prevents any discrete outlier price from taking place and thereby eliminating such oracle attacks.
For those of you guys interested in even deeper details ~
Please look under whitepaper@ https://docs.tranchess.com/ for more detailed information.
Mary: Is Tranchess swap already available?
Tranchess King: Yes it is live 😀
Mary: Which currencies i can trade there?
Tranchess King: You can look at Queen, Bishop and Rook on our Swap vs USDC.
For those who prefer more visual understanding of Tranchess Swap : https://www.youtube.com/watch?v=lyTjsNZTuGs
Mary: So, only your native tokens against USDC?
Tranchess King: Yes indeed ~ on Tranchess Protocol (For now…)
Mary: Do you plan to add more in the future? And why did you choose USDC, not USDt, for example?
Tranchess King: It’s because of our price oracle is based off USDC. So settling on USDT may incur another layer of risk for users. We are definitely mapping those possibilities out, but it’s for decision making down the line….. and in crpyto time…. that might not be very long.
Mary: Gotcha!
Paul: Thanks for taking care of this. Great answers! Ready for the next question? 😉🚀
Tranchess King: sure thing ~
Q5: Telegram User @andrey_seleznov
While Bitcoin is one of the least volatile cryptocurrencies, it is still much more volatile than stablecoins. How do you manage to guarantee Queen swap slippage, as I understand the conversion period of $BTC to Queen takes substantial time? Will the transaction revert given enough $BTC spot volatility which will result in a loss of fees and opportunity? Could you tell us the average transaction finalization time for redeeming Queen from $BTC?
Thank you!
Tranchess King: This is a very interesting question, and also why we believe that AMAs like this are extremely valuable. I can tell that there’s a bit of a concept mixed up here:
Some of the features mentioned belong to our primary market, and some others are from Tranchess Swap, which is our secondary market.
Let’s break this down one by one.
In the primary market, it takes up to 24 hours to settle the creation requests, as our primary market settles once everyday at 14:00 UTC. This is why we keep mentioning that, creation is for those that are long-term holders of BTCs.
For example, I’m sure there are plenty of people out there who’ve been holding their BTC for a long time. These people are relatively insensitive to the temporary price fluctuations of BTCs, and are not in a hurry of any kind to sell. Create/Redeem is designed for them. We would like to provide some extra yield for our BTC long term holders.
Tranchess Swap is another story. It’s not an AMM like Uniswap but a unique Premium-Discount order book system, trading on the averaged NAV of the next 30 minutes. Since we have just explained the mechanism in the previous question, I won’t go into the details here.
Mary: For Primary market creation — Average time is also 24 hours?
Tranchess King: For the creation it settles at UTC 215pm, Any time creation is done before UTC 200pm, it will settle same time. So if you create Queen at 159pm … you would be getting your token pretty fast :)
Mary: From this side this makes sense 😀
Tranchess King: I would recommend going through our documents and also trying some small trades on Tranchess Swap to start with. Get yourself comfortable with the mechanism and I’m sure you will see the benefits it brings to you.
Mary: Are your services only for premium users?😀 If no, which benefits can ordinary users vet from Tranchess?
Tranchess King: The services are for everyone. That’s our goal — to be able to bring the protocol benefits to everyone.
Mary: That’s super!
Paul: Wonderful! 🔥Thank you very much!
Time to proceed with the last question for this first part of the AMA, are you ready to go? 😉
Tranchess King: Very ready to be honest :)
Q6: Telegram User @gayanlw
Are you planning to launch NFT for Native Protocol? Recently, many projects like Tranchess Protocol have launched NFT to attract investors, what is your opinion about the NFT industry?
Tranchess King: Tranchess takes a neutral stance towards NFT currently.
Mary: Chess NFTs😍
Tranchess King: I personally think it’s an innovative way to mobilize our community interest. We do not have any immediate plan about releasing our own NFT. It’s something we might consider in the future, but at this moment we want to focus all our resources on our current product and the planned development based on our roadmap for the next 3–6 months.
Our priority now is definitely to make sure Tranchess is running smoothly and meeting the expectations of our users + supporters.
It’s not a no no … but rather not a now now …
Mary: Ahaha, i got it!
Paul: I believe that’s a grounded and focused approach 😉
Mary: Dear community, we will open the chat soon. Please prepare your questions. Tranchess team will select 10 of them. Please remember the rules ❗️❗️❗️
-Only genuine questions will be rewarded. Copied questions will be disqualified
Read the rules here: https://t.me/Satoshi_club/272142
-For Part 2 of the AMA, every user will be allowed to post maximum 3 questions. One message should contain maximum 1 question. If you post more than 3 questions, you will not receive the reward if selected. Thank you for understanding and good luck!😉
Also, don’t forget to join @tranchess !!
Tranchess King: 😉
Paul: The time has come for the second and most impressive part of the AMA. A flurry of question is about to be unleashed! 🌪
I hope you are you ready @Tranchess_King 😁
We will now open chat for 2 minutes and our community will ask you some questions 🙂
Ready to go?
Tranchess King: Yes I am ! Go ~
Mary: Let’s go 🚀!!
Tranchess King: Took me some time to just scroll from the top down
Mary: Sure, take your time 🙂
Tranchess King: Thanks Satoshi Community for all your questions !!! 👍👏🏻❤️
Q : Not really sure what are the benefits in general still. It looks complicated!! Can you explain token holders’ benefits — in a “as simple as possible” way pls!
Tranchess King: Sure! If you look at the tokens individually:
Queen Token Holders: Tracks BTC + Extra yield earning in the form of Chess tokens + Protocol income sharing
Bishop Token Holders: Get higher interest rate on your idling USDCs + Extra yield earning in the form of Chess tokens + Protocol income sharing
Rook Token Holders: Leveraged position on BTC with no forced liquidation + Extra yield earning in the form of Chess tokens + Protocol income sharing
Some exciting news here regarding the veChess protocol fee rebate:
https://twitter.com/tranchess/status/1417048401854623744?s=20
Paul: 9 more questions to go
Q: Seemingly there are many security breaches and also protocol attacks in DeFi space. What is Tranchess doing or has done in terms of addressing a higher level of security for the protocol?
Tranchess King: Tranchess Protocol places utmost importance on security. Top-notch global audit firms were engaged to conduct audits on all of Tranchess’s smart contracts. These firms include Certik, Peckshield, etc.
To add another layer of protection to the protocol, we had also worked with Immunefi, DeFi’s leading bug bounty platform, to uncover possible vulnerabilities during our guarded launch.
A defense mechanism unique to Tranchess lies in its 30min TWAP (Time Weighted Average Price) method of trading the live prices of tokens.
Paul: 8 more !
Q: Most users in DeFi are speculators now, do you think there is appetite for complex instruments? What gives you the conviction that there will be more people using these instruments in the future, and what will drive these people to use products like Tranchess?
Tranchess King: Contrary to what you’ve just said, we do think that there are many who are ready to act. We won’t really look at Tranchess as a complex instrument because although it is different, the functionality is really simple to look at when you focus on each individual tokens, one at a time.
We are also DeFi users ourselves, so we’ve encountered the pain points as mentioned before:
- Limited single asset farming products
- Low yield returns
- Impermanent loss
- Forced liquidation
Our conviction comes from the fact that Tranchess is solving actual problems faced by DeFi users! As a DeFi user, if these issues are solved, maybe it’s harder to find a reason not to make use of Tranchess. :)
Traditional Finance will also be willing to look at this because it’s not unfamiliar to those who are already well versed in finance products. It’s not exactly the same but similar fundamental concepts does exist in the financial market. Tranchess can expand to other underlyings and go multichain, which will definitely extend it’s appeal even more.
Paul: 7 questions left.
Q: Now that the guarded launch is completed… how do u see tranchess protocol moving forward from here… what would u consider a probable road map 6 months out for the protocol
Tranchess King: We definitely think that this BTC tracking index fund is just the start of Tranchess’s Asset Management ambitions. The more recent event will be the launching of DAO, which should happen towards the fourth quarter of this year.
We are also looking into the possibility of tracking another mainstream crypto asset or basket of crypto assets, this could be on BSC, or another public chain, depending on the voice of our community.
Paul: 6 !!
Q: Tranchess protocol has quite a unique concept in defi space… are there comparable established protocols in your opinion and what additional features does tranchess hope to provide in time
Tranchess King: There are protocols in the market that share certain similarities with one or some of Tranchess tokens, but I think the way to look at it — Is to view Tranchess in totality. Tranches is a unique ecosystem that houses different tokens for users of different risk capacities, there would be some replication of functionality in small bits here and there, but never in totality, not even close. 🙂
Paul: 5 !!
Q: Do u have some recommendation to queen rook and Bishop exposure for different market environment
Tranchess King: Frankly speaking, this is more of a personal decision since each individual has their own view on the market and their own tolerance level when it comes to the risk they’re willing to bear versus the return they are looking for.
Let me give some examples but please note that this does not constitute any investment advice :). So perhaps one might increase the proportion of Bishop in their portfolio over a volatile market, especially when one is hesitant to convert stable coins into any crypto assets. Or it could be that for long term BTC holders, creating Queen to get chess token as yield while tracking BTC. And of course for a more bullish market sentiment, one could then consider decreasing the holding of Bishop and increasing Rook holdings to benefit from the leveraged exposure.
Paul: 4 more to go 🚀🚀
Q: The swap or secondary market seems really complicated. What’s the point of making it so complicated versus other order exchanges for that matter?
Tranchess King: As DeFi users ourselves, we have encountered personally some of the good, bad and the ugly of DeFi, including the likes of oracle attacks/flash loan attacks, eg. what have been happening to many protocols recently over the past few weeks.
By adopting the order book system, though more complex, users would be able to buy and sell based on discounted or premium NAV value of a future 30 min TWAP window, Tranchess hopes to eliminate any such oracle attacks.
The design is also market maker friendly, which is helpful to encourage “liquidity providers” to come, such that whenever people want to adjust their portfolio, whether it’s to buy or to sell, there’s always availability on both sides.
We know the setting might remind some people of TradFi. Tranchess is born of DeFi and we hope to adopt some of the possible methods and products from TradFi that would aid the security and confidence of DeFi into mainstream acceptance — pushing for the philosophies of DeFi in the same vein.
Paul: 3!!
Q: Do you really see people wanting to get back Queen after splitting? It’s extra cost I imagine to do merging, what’s the benefit compared to just selling everything back into USDC via swap market?
Tranchess King: This is a very good question. It’s especially hard to see the value in split/merge under current market conditions, when prices fluctuate within a small range and have no clear directional indication.
However Split/Merge could be very helpful under extreme market situations when you might find Bishop and Rook trading on the secondary market at steep premiums or discounts, and the loss one might suffer from directly trading through the swap market could well exceed the fee they need to pay for Split/Merge.
Q: How do I get veCHESS? And what benefits do I get? Is it stacking on top of my yield or is it either or?
Tranchess King: You get veCHESS when you lock CHESS with the protocol. The minimum lock-up period is a week. veCHESS is your voting power in the Bishop interest rate top-up Ballot as well as the entry ticket for protocol income sharing. We are opening up our CHESS lock function on the 26th of July, and the first fee rebate would start from July 29th.
Paul: And there’s 1️ more question left to pick…🔥🔥🔥
Tranchess King: Should I choose a difficult or easy one ?
Mary: Choose difficult 😂
Q: What happens to Tranchess protocol if BTC falls to say 22k, what will happen to the tokens and also Rook for that nature given it’s the leveraged token?
Tranchess King: Extreme price fluctuation, whether it’s upward or downward, is likely to trigger Rebalance.
Two things happen after Rebalance:
1). NAVs of Token Queen, Bishop and Rook will be reset to 1;
2). The amount of tokens under users’ accounts might change to reflect the Rebalance. For the specific calculations, please refer to our whitepaper@ https://docs.tranchess.com/whitepaper
In the given example, Rebalance will be triggered even before price hits 22k — — A rough calculation says a Rebalance is likely to happen when price falls to around 24k.
This mechanism helps prevent Rook from forced liquidation, and also it secures Bishop’s earned interests.
All in All, the rebalance mechanism keeps the Tranchess protocol in sync and protecting every token holders’ interest as how it should be. 🙂
Paul: Thank you very much @Tranchess_King! 10/10!! 🎉
Paul: It’s been a pleasure and an honour to have you here and to learn more about Tranchess!
Mary: Thank you @Tranchess_King for your time and detailed answers! It was a pleasure to have you here! Good luck with Tranchess 🚀
Tranchess King: Thanks Satoshi Community for all your questions and time today!!
AMA Quiz
Q: How many tokens in total are there in Tranchess & what are they?
A: 4 — Token Queen, Bishop, Rook & Governance Token Chess
Q: How many firms are Tranchess working with to ensure the security of its protocols? Who are they ?
A: 3- Certik, PeckShield, Immunefi.
Q: Which are the correct steps to mine token Chess?
A: BTCB -> Token Queen creation -> Stake Token Queen -> Token Chess
Q: Which are the main characteristics of Tranchess Tokens ?
A: Token Queen — BTC Tracker, Token Bishop — Yield Enhancement, Token Rook — Leverage
~The End~
