Hello there,
first of all you need to drag your download to the applications folder. After that you need to open the terminal on your Mac. From there enter this line of code "cd /Applications". For the next part, I highly recommend renaming the app into something simple like "chips". Then enter "chmod -R 755 chips.app" into the terminal. That should do it.
By the way. The controls are always a little above the actual icon...at least for me