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.
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.
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 |
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 |