Binance listed CHESS token. VDR ICO starts tomorrow
Tranchess is a yield-enhancing asset tracker. It offers various risk-return solutions on Binance Smart Chain (BSC). Binance listed CHESS in its Innovation Zone. The exchange also opened trading for CHESS/BTC, CHESS/BNB, CHESS/USDT, and CHESS/BUSD trading pairs. CHESS is the governance token of the Tranchess protocol. Customers can use it for voting on governance proposals. Furthermore, the token holders will receive 50% of the fees generated by the protocol as weekly rebate rewards.
The team developed Tranchess because it wanted to offer users such a protocol that would help better manage their portfolios while making crypto investments. It decided to launch Tranchess on BSC simply because the latter is one of the top blockchain platforms on the market. It is also EVM compatible and has a block time of approximately three seconds. The company believes that launching on BSC will decrease users’ cost of the gas fee and the waiting period between each transaction.
Even though the CHESS token is the main one, this protocol also offers several other tokens. For instance, QUEEN is the token for the main fund. The main fund is a BTCB tracking index fund, and each Token QUEEN represents one share of it. That means QUEEN’s Net Asset Value tracks the Bitcoin price on a fully correlated basis.
Thanks to this protocol, traders can now swap their BTC for QUEEN token via a “creation process,” as well as buy from the “Swap” with USDC instead of holding Bitcoin passively. As a result, they will get the BTC exposure, along with the ability to farm CHESS tokens for further yield enhancement. The team stated that CHESS is a key to receiving an additional rebate from fees collected within the Tranchess platform.
What about Token BISHOP and Token ROOK?
These two tokens are also essential parts of the Tranchess protocol. Token BISHOP is a USDC yielding product. Its holders will be able to collect interest at a specific interest rate that changes weekly. The protocol reads the USDC interest rate from Venus every week, adding a premium determined by community voting to the rate. The total becomes the BISHOP token’s fixed interest rate for the following week.
Tranche ROOK token is just the other half of the split main fund. It is a leveraged product without any forced liquidation. The ROOK token holder borrows daily from the Token BISHOP holder to buy the main fund tracking BTC. As a result, the ROOK token’s holder receives all gains and losses of the main fund – Token ROOK’s return. However, the holder then pays the interest Token BISHOP.
According to the team, Tranche ROOK realizes a leveraged portfolio by borrowing equity from Tranche BISHOP. Unlike leveraged products currently on the market, Tranche ROOK does not risk forced liquidation because it borrows from within the main tranche.
Tranchess is the protocol that enables users to create many different funds, each one tracking a different set of crypto assets. The first fund that the company issued with the Tranchess protocol is Tranchess 1.0. This is a fund tracking the price of BTCB/USDC.
What is Vodra, and what does it offer?
The Vodra is a relatively new platform that allows creators to pursue their passions and get fair compensation in return. The team created a decentralized donation platform to shift online entertainment compensation towards a direct creator-to-audience participation model.
Furthermore, the company announced that it would launch its native utility token VDR on October 26, 2021. The sale will end on October 28, 2021. 10,000,000 VDR tokens will be available for sale, and the price will be $0.011500 per token. The team wants to raise $115,000 with the sale, accepting BUSD in exchange for its native coins. The customers can use VDR for zero fee donations to content creators and funding, project voting, and crowdfunding.
Because of algorithmic discrimination and costly platform fees, it’s hard for content creators to receive fair compensation, especially without leaning fully on promotions and advertisements. They have to contend with other obstacles as well. However, the Vodra Platform allows creators to receive donations, monthly pledges, crowdfunding, and more – all of these with no fees. The company accomplishes this through its token and platform design. The latter allows audiences to compensate their creators directly.
Furthermore, the Vodra Platform provides a variety of tools and integrations that enable content creators to monetize their content across all platforms. From exclusive NFT rewards to live donation alerts for broadcasts, creators will be able to engage with their audiences however they want.
What about the VDR token?
VDR is an ERC-20 utility token. The Vodra Platform’s audiences can use the token to donate to creators and unlock various utilities. Moreover, a Polygon Proof-of-Stake bridge will provide seamless transfers to the Matic/Polygon blockchain. That means transactions and functionality on the Vodra Platform will altogether avoid gas fees.
Content creators across all platforms can easily join Vodra to redeem their audience sizes for VDR. Streamers, gamers, athletes, vloggers, educators, musicians, and every other type of creative user will be able to monetize their content with this platform’s powerful tools and integrations. Thanks to this platform, creators will hold a stake in where they receive their compensation from, and they won’t have to worry about income instability.
The ArtWallet will also launch its ICO tomorrow
ArtWallet is the ultimate wallet created specifically for NFT owners. It enables customers to store, distribute, manage, and discover NFT content, including various collectibles, digital art, metaverse game items. This protocol incorporates native cross-chain support, including NFT bridges between blockchains.
The team plans to launch its native token on October 26, 2021. 7,500,000 1ART tokens will be available for sale, and the price will be $0.010000 during the initial coin offering. The company aims to raise $75,000 with the sale, and it will accept BUSD in exchange for 1ART tokens.
According to the team, ArtWallet infrastructure will offer a media delivery vehicle for the playback of unique audio or visual content, AR/VR technologies, and beautiful high-resolution frames to visualize NFT art. The platform will also include a ledger decrypting the media files located in the storage.
In addition, the owners of exclusive NFT art will be able to rent their art pieces to virtual or physical galleries and get a rental fee. The creators of NFT art could also mint NFTs right in the wallet and receive royalties when their art piece is resold.
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