What Is CheckerChain?(CHECKR) Complete Guide & Review About CheckerChain?

What Is CheckerChain?(CHECKR)

CheckerChain is a decentralized review aggregator platform to check products for their validity and authentic feedbacks. The smart contracts of protocol are powered by Elrond blockchain and integrated with IPFS to maintain censorship-resistant applications.

Existing review aggregator platforms are not able to solve the problem of manipulated and fake reviews. Traditional centralized review platforms do not even incentivize users for their contributions. CheckerChain Coin believe these problems are due to the lack of a consensus mechanism in review architecture. Utilizing blockchain technology will partially solve the need of transparent and tamper-proof reviews.

In this protocol, we implemented a trustless review consensus mechanism (tRCM) on top of Elrond blockchain. This tRCM architecture enables reviewers to meet a consensus on an opinion without the need of knowing each other’s opinions and completely removes the chance of fake or manipulated reviews to receive any incentives.

CheckerChain Coin Storage Key Points

A Decentralized Review Aggregator Platform

Submit Products, Apps, Books, Movies, & Events for decentralized feedbacks. Earn $CHECKR tokens for posting or reviewing or promoting.

Presale

Check out the details of presale, IDO/IEO events. Pre-sale events are sold out. IDO/IEO are ongoing now!

Reward Portal

Claim all $CHECKR rewards from one portal. Earns points and redeem various rewards. v.0.1 is live.

Staking

Earn passive income by staking $CHECKR tokens. Staking comes with different lock-up period and APY varies.

Checker Onboarding (Coming Soon)

Setup your Checker profile to get ready for posting and reviewing. Gateway to enter #CheckerChain world.

Who are Checkers?

Anyone can participate as Checker in CheckerChain protocol by connecting non-custodial wallets. Checkers are assigned a time-limited review task based on preferences. When a checker’s opinion successfully meets the threshold of tRCM (trustless Review Consensus Mechanism) on a particular product, it is considered an honest review. Higher the checker score on tRCM, higher will be the incentives.

How much can a Checker earn?

Checkers have 3 channels of earnings: (a) CHECKR allocation: 100m CHECKR tokens are allocated for first 8-year period. (b) Leaderboard: Top Checkers receive a leaderboard reward every month. (c) Revenues: After 8 year-period, checkers are rewarded with 16% of revenue.

Types of staking program

1. 1.Regular staking: [ Live ] The amount of reward is fixed per epoch (number of block duration 18000). The locked-in period is 15 days (number of block duration 270,000). When the locked-in period ends, un-staking is instant without penalty. Un-staking within the locked-in period charges a penalty of 20%. Rewards can be claimed at the end of the epoch (number of block duration 18000). Minimum required CHECKR to stake is 3000. Re-stake resets the lockup period. Re-stake rewards immediately to earn better.

Pre-Sale of CHECKR Token

There are 4 rounds of sales including pre-sale and public sales. When we launch in DEX, the circulation supply will be around 200m (10%) out of 2.1b total supply. The remaining tokens are released into circulation as per the vesting schedule that extends up to 8 years and more.

Pre-Sale Round 1: SOLD OUT (in 5 minutes)

Pre-Sale Round 1 starts on Feb 15th at 1:00 PM EST. Each round lasts for 5 days until sold out. A total of 10,000,000 $CHECKR tokens are available in this round.

CheckerChain community voted to whitelist wallets so that pre-sale does not get manipulated by whales or bots. All whitelisted wallets are allowed to purchase max 50k $CHECKR tokens in Round 1.

How Many CHECKR Tokens Are There in Circulation?

There are 67,000,000 CHECKR tokens in circulation.

Where Can Buy CheckerChain Protocol (CHECKR)?

CHECKR is available for trading on a growing number of exchanges, with cryptocurrency and stablecoin pairs currently available.