Tranchess (CHESS) is the governance token of the Tranchess community. It plays a crucial role in the Tranchess ecosystem, primarily used for governance, fee rebates, and staking rewards. Here are the key ways CHESS is utilized:

CHESS holders can participate in governance by locking their tokens to gain veCHESS, which serves as voting power. The number of veCHESS received depends on the time the tokens are locked for, up to a maximum of 4 years.

CHESS holders receive a weekly rebate in the form of all underlying assets available on the chain, totaling 50% of collected fees within Tranchess, excluding gas fees. For example, on the BNB Chain, such rebates come in BTCB, ETH, BNB, and BUSD.

CHESS tokens are earned by staking Token QUEEN, BISHOP, and/or ROOK in the protocol. The tokens are distributed based on a weight system, where QUEEN, BISHOP, and ROOK have a weight of 3:4:2, respectively. This means that if 1 QUEEN receives 3 CHESS tokens in a certain week, 1 BISHOP would receive 4 CHESS tokens, and 1 ROOK would receive 2 CHESS tokens.

CHESS tokens are also used for liquidity mining. 50% of the token supply is allocated for liquidity mining of CHESS tokens, which encourages users to provide liquidity to the Tranchess ecosystem.

10% of the token supply is reserved for the ecosystem and treasury of Tranchess, including partnerships, third-party services, and listing fees.

Overall, CHESS is a vital component of the Tranchess ecosystem, facilitating governance, fee rebates, staking rewards, liquidity mining, and ecosystem management.

To store Tranchess (CHESS) tokens, you have several options based on your needs and preferences. Here are the methods:

1. Store on an Exchange: Holding your funds on an exchange provides the most convenient access to investment products and features, such as spot and futures trading, staking, lending, and more. The exchange will securely hold your funds, making it easy to manage your assets.

2. Use a Crypto Wallet: You can store CHESS tokens in a reliable and reputable crypto wallet that supports Tranchess (CHESS). This method allows you to maintain full custody of your crypto assets via self-custodial wallets, which is beneficial for users who want more privacy and control over their assets.

3. Decentralized Exchange (DEX): If you prefer a more decentralized approach, you can store your CHESS tokens on a DEX. This method connects you directly with sellers without intermediaries, ensuring full custody of your assets through self-custodial wallets.

Each method has its pros and cons, so it is essential to review them carefully to find the best method of storing Tranchess (CHESS) tokens based on your specific needs and preferences.

To buy Tranchess (CHESS) tokens, you can follow these steps:

1. Choose a CEX: Select a reliable and trustworthy crypto exchange that supports Tranchess (CHESS) purchases. Consider the ease of use, fee structure, and supported payment methods when choosing a crypto exchange.

2. Create an Account: Enter the required information and set a secure password. Enable 2FA using Google Authenticator and other security settings to add an extra layer of security to your account.

3. Verify Your Identity: Complete KYC verification, which may require government-issued identification documents. This step varies based on your nationality and region.

4. Add a Payment Method: Follow the exchange's instructions to add a credit/debit card, bank account, or other supported payment method.

5. Buy Tranchess (CHESS): You can buy Tranchess (CHESS) using fiat currency if supported. Alternatively, you can first purchase a popular cryptocurrency like USDT and then exchange it for Tranchess (CHESS).

1. Choose a Wallet: Select a reliable and reputable crypto wallet that supports Tranchess (CHESS).

2. Download the App: Download the wallet application to your device from the Google Play Store, App Store, or as a browser extension.

3. Create a Wallet: Create a new wallet address or import an existing one. Make sure you write down the seed phrase and keep it in a secure place.

4. Buy Tranchess (CHESS): Purchase the cryptocurrency using a supported payment method. Check the fees, as they may be higher than what exchanges charge.

5. Swap for Tranchess (CHESS): If your wallet doesn’t support direct fiat-to-CHESS purchases, you can first buy a more popular cryptocurrency like USDT and then exchange it for Tranchess (CHESS) through your crypto wallet or on a decentralized exchange.

1. Choose a DEX: Select a DEX that supports Tranchess (CHESS) trading. The mainnet of the DEX determines the cryptocurrency you need to purchase first. For example, if the DEX is on Ethereum Blockchain, you need to buy ETH first.

2. Buy the Mainnet Cryptocurrency: Use fiat to buy the cryptocurrency corresponding to the DEX's mainnet (e.g., ETH for Ethereum Blockchain or BNB for Binance Smart Chain).

3. Swap for Tranchess (CHESS): Once you have the mainnet cryptocurrency, you can swap it for Tranchess (CHESS) on the DEX.

• Ensure the exchange or wallet you choose supports Tranchess (CHESS) trading.
• Be aware of fees associated with each step.
• Keep your account and wallet secure with strong passwords and 2FA.
• Research and understand the risks involved in cryptocurrency trading.

By following these steps, you can successfully buy Tranchess (CHESS) tokens.