Assets
Crypto Deposit
Fiat Deposit
Convert
Transfer
Withdraw
My vouchers
Fund history
Dashboard
Account Security
Identity verification
API Management
Transaction Report
Log out
Register

Questions tagged [rook token]

Best way to learning about blockchain & crypto knowledge for free here 1 questions

Start on BTCC →
SeoulSerenitySeekerPeaceLover SeoulSerenitySeekerPeaceLover Fri Nov 08 2024 | 7 answers 1062

What is Rook token?

Rook token is a component of the Tranchess platform, representing the rights of a high-risk, Leveraged fund. Holding Rook tokens is equivalent to depositing BTCB into Tranchess and using it as collateral to borrow USDC for further BTCB purchases, essentially providing 2x leverage on BTCB investments. Rook's value is closely tied to the price movements of BTCB, magnifying both gains and losses.

What is Rook token?

Topics at Cryptocurrency Q&A

cryptocurrency bitcoin crypto buy price question definition worth how to what is

| Topics at Cryptocurrency Q&A

Get the BTCC app to start your crypto journey

Download on the App Store GEI IT ON Google Play

Get started today Scan to join our 100M+ users

Exchange for a better future

Products
Services
Guides
About Us
Terms & Agreement
Customer Service

Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

The world’s longest-running cryptocurrency exchange since 2011 © 2011 - 2026 BTCC.com. All rights reserved