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Learn about how the $CHEQ token operates
The $CHEQ token at a basic level is used for three core functions:
  1. 1.
    Network decisions: cheqd is a Delegated Proof of Stake network, where individuals can vote on network decisions via a decentralised governance framework.
  2. 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. 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:
Last modified 2mo ago