More detail: https://ohiobitcoin.com/coins/chesscoin
ChessCoin (Symbol: CHESS) is a PoW&PoS hybrid digital token, in which the Proof-of-Work stage ended before the launch, hence CHESS can be considered 100% Proof of Stake. ChessCoin was created to use as a reward for winning online chess competitions, as well as a currency and sent worldwide almost immediately. ChessCoin has high Staking rate but its value will not be down since it is developed nonstop until gaining the best features to be popular both in chess and cryptocurrency community all over the world. A significant characteristic of this token is that its security and transaction speed are not inferior to any coin in cryptocurrenry world now. The transactions are executed nearly instantly.
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