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    • ♟️What is cheqd?
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    • 🟢Start here
    • What are DIDs?
      • What is a DID?
      • What is a DID method?
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      • What is a Verifiable Credential?
      • Types of Verifiable Credential
        • JSON (JWT)
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      • What is a Verifiable Presentation?
    • What are DID-Linked Resources?
  • $CHEQ
    • 🟢Start here
    • 📈Tokenomics
      • Tokenomics: Part 1
      • Tokenomics: Part 2
      • Tokenomics: Part 3
      • Tokenomics: Part 4
      • Circulating Supply Explained
      • Network Parameters
    • ✍️Identity writes
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      • What is a Liquidity Pool?
        • How do liquidity pools work?
        • How to take part in a Liquidity Pool
      • CHEQ-ERC20 wrapped token
        • Why did we decide on a bridge to Ethereum?
        • What is the Gravity Bridge?
        • Why did we decide to use the Gravity Bridge?
        • What other bridging options did we explore?
        • How to send tokens to Ethereum with Gravity Bridge
        • How to add CHEQ tokens to UniSwap Liquidity Pools
        • How to send CHEQ tokens from Ethereum to cheqd
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  1. $CHEQ

Start here

Learn about how the $CHEQ token operates

Last updated 1 year ago

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The $CHEQ token at a basic level is used for three core functions:

  1. Network decisions: cheqd is a Delegated Proof of Stake network, where individuals can vote on network decisions via a decentralised governance framework.

  2. Identity writes: $CHEQ can be used to write Decentralised Identifiers (DIDs) and DID-Linked Resources to the network. This write also includes a percentage of tokens burnt from the network.

  3. Credential Payments: $CHEQ can be used to pay for decrypting on-ledger resources for the purpose of a Verifier paying a Credential Issuer.

Getting started

Learn about the different mechanisms of the $CHEQ token below:

Tokenomics

Understand how $CHEQ works at an economic level.

Identity writes

Learn how $CHEQ can be used to create DIDs and DLRs.

Credential Payments

Undestand how $CHEQ can be used for incentivising credential adoption.

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