In the beginning, crypto was just another means of currency. But over the years, it has evolved and become so much more than just a medium of exchange. One great example of how crypto can be used is for something as unique and entertaining as chess. CHESS Crypto allows users to play chess, earn in-game crypto coins (ChessCoin), and trade them for real money. Let’s take a closer look at the coin, and learn more about the project.
What is ChessCoin?
There is a great deal of potential in the field of gaming and the blockchain. ChessCoin wants to set a new standard in this field. The idea is that people will be able to earn ChessCoin by playing chess. Gamification of the platform will keep people entertained while they earn ChessCoin.
Started in 2016, ChessCoin (CHESS) is a 100% PoS (Proof of Stake) cryptocurrency. CHESS Crypto is originally designed to be used as a reward for winning online chess tournaments, but can also be used as a currency and sent anywhere almost instantly. ChessCoin allows instant transaction processing with 64-second blocks, 2 hours minimum stake time and 32 blocks coin maturity. The annual staking rate of ChessCoin is 32%.
Why is CHESS Crypto Popular?
ChessCoin is so popular among the chess community. Although this may be true, that does not mean it is just for the chess community. Anyone can earn CHESS tokens and trade them for other crypto coins or real money. It can be used as a means of exchange and trading of all kinds. Certainly, the ChessCoin team has done an amazing job creating a project that fits well with the needs of the chess community. Accordingly, it is a very good investment and the CHESS Crypto token will gain widespread popularity among the crypto community in general.