ChessCoin 0.32%
CHESS
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
ChessCoin 0.32% (CHESS) is a legacy hybrid Proof-of-Work/Proof-of-Stake cryptocurrency originally launched in 2016 and hard-forked in 2019 to implement a fixed 0.32% annual staking reward. Across all core evaluated dimensions, the project exhibits severe structural and operational weaknesses. Active development is minimal, maintained ad-hoc by a single anonymous developer without automated CI/CD pipelines, formal audits, or clear roadmaps. Community channels suffer from near-total dormancy and zero formal governance participation. Economically, the asset has an unverified circulating supply, no maximum cap, and non-existent fee-burning mechanisms. Liquidity is heavily decayed due to the historical shutdowns of legacy exchanges (e.g., Cryptopia, Livecoin, CoinExchange.io), leaving the token with extremely low daily trading volume ($1,000–$2,500) and an unrecovered ~96.8% drawdown from its all-time high. While no direct protocol-level hacks or fraud were identified, the project lacks institutional viability, utility, and market demand.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About ChessCoin 0.32% (CHESS)
ChessCoin 0.32% (CHESS) is a legacy transactional cryptocurrency originally launched in June 2016 that underwent a hard fork in September 2019 to set its annual staking reward at a fixed 0.32%. The project operates on a native standalone blockchain utilizing a hybrid Scrypt Proof-of-Work (PoW) and Proof-of-Stake (PoS) consensus mechanism with 5-minute target block times. In addition to its native chain, a wrapped BEP-20 mirror token exists on BNB Smart Chain. It is positioned primarily as a niche digital currency for payments and tipping within online chess communities.
The project's tokenomics feature an infinite maximum supply with no hard cap and an unverified circulating supply on major market aggregators. Network development and operational maintenance—such as client binary releases, Electrum wallet updates, and block explorer hosting—are managed on an ad-hoc basis by a single anonymous maintainer (@AKKPP). The codebase has not undergone independent third-party security audits, and the project lacks formal decentralized governance, a DAO structure, or a documented development roadmap.
ChessCoin 0.32% faces severe operational and market risks, driven by near-total social and community dormancy and extreme liquidity decay. The token suffered substantial market disruption due to the historical closures and hacks of legacy exchanges where it was traded, including Cryptopia, Livecoin, Novaexchange, and CoinExchange.io. Furthermore, CHESS experienced an unrecovered price drawdown of approximately 96.8% from its all-time high of $2.15 in February 2025 down to roughly $0.069, accompanied by depressed daily trading volumes typically ranging between $1,000 and $2,500.