ChessCoin is a PoW&PoS hybrid cryptocurrency, in which the Proof of Work stage ended before the launch, therefore CHESS can be considered 100% Proof of Stake. ChessCoin was designed to be used as a reward for winning online chess competitions, but can be used as a currency and sent anywhere almost instantly. **_The official ChessCoin ticker is “CHESS” and trades under that name on all the exchanges where it has been listed. The designation “CHESSCOIN” is for CryptoCompare.com only._**