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Pay for Identity writes

At a basic level, the CHEQ token is used to pay identity writes on the cheqd network. This functionality is made available through custom modules built by cheqd for DIDs and on-ledger Resources.

Identity writes to the ledger

As cheqd is integrated into more Software Development Kits, it will become easier for cheqd's partners to write identity transactions to the network.
Note: the prices listed below are subject to change, as they are parameters controlled by community governance mechanisms.

Decentralised Identifier writes

CHEQ tokens are used to write DIDs, update DIDs and deactivate DIDs on the cheqd network. The initial pricing for the cheqd network is as follows:
Description
CHEQ
cheqd
Sovrin
Create DID
66
~$2.00
$10.00
Update DID
33
~$1.00
$10.00
Deactivate DID
33
~$1.00
$10.00

On-ledger resource writes

CHEQ tokens are used to write on-ledger resources, such as Schemas, Credential Definitions and other assets. The initial pricing for the cheqd network is as follows:
Description
CHEQ
cheqd
Sovrin
Create Schema
3.3
~$0.10
$50.00
Create Credential Definition
3.3
~$0.10
$25.00
Create Revocation Registry Definition
3.3
~$0.10
$20.00
Create Revocation Registry Entry
3.3
~$0.10
$0.10