CHESS

ChessCoin (CHESS) is a unique cryptocurrency that was launched in June 2016, with the primary purpose of rewarding players for their success in online chess tournaments . It operates on a 100% Proof of Stake (PoS) mechanism, offering instant transaction processing with 64-second blocks, a 2-hour minimum stake time, and a 32-block coin maturity . The annual staking rate for ChessCoin is an attractive 32%, providing an incentive for users to participate in the network .

One of the key features that make ChessCoin stand out is its integration with the chess community. It is designed not only as a currency but also as a means to encourage and reward skillful play in chess matches. This has helped ChessCoin gain popularity beyond just cryptocurrency enthusiasts and into the gaming community .

As of August 7, 2024, the current price of ChessCoin is $0.0427, with a 24-hour trading volume of $1,272. The market capitalization cannot be calculated accurately due to the lack of information on the circulating supply. However, using the total supply, the estimated market cap is around $2.3 million . It's worth noting that ChessCoin's all-time high was recorded on May 4, 2024, reaching a price of $0.105356 .