CheckerChain to be launched on XTStarter
XTStarter is thrilled to introduce that the CheckerChain subscription will go live on April 4, 2022, at 12:00 a.m. (UTC).
Subscription details:
- Total Supply: 2,000,000
- Price per token: USDT 0.025
- Min personal allocation: USDT 10 / 400 CHECKR
- Max personal allocation: USDT 1000 / 40,000 CHECKR
What is CheckerChain?
CheckerChain is a decentralized and trustless review protocol based on the Elrond Network, in which opinion-checkings are incentivized to reach a consensus. CheckerChain protocol smart contracts are powered by Elrond blockchain and integrated with IPFS to ensure censorship-resistant applications. Users can choose to submit their post or to participate as a “Checker.” The submitted posts can be about apps, businesses, books, events, or current events. Initially, users would be limited to “blockchain & crypto-only posts.” The platform governance is set up so that the CheckerChain community can vote on new features and integrations that will benefit the community.
CheckerChain Ecosystem
CheckerChain can be used for the following purposes:
a) To determine authenticity
b) Launching a platform
c) Obtaining real-time feedback from users
d) Identifying market trends
e) Keeping up with current events
The goal of the CheckerChain community is to transform the traditional review industry into a complete blockchain infrastructure by interacting with four parties that make up the system. The four parties are Posters, Checkers, Creators and Promoters. Posters are those who submit posts in exchange for reviews and rewards. Checkers assists in determining the validity of a post by reviewing it and is rewarded for doing so. Creators serve as a badge for product markers. Sponsored posts are submitted by promoters, but they do not qualify for rewards.
Users can submit posts by linking a wallet that accepts the CHECKR token. When a post is submitted, it is sent to Checkers for approval. The main requirement for Checkers is to create a “Checkers” profile. It’s worth noting that each validation task has a 24-hour time limit. Checkers cannot request validation tasks, and there is no guarantee that Checkers will receive any specific validation tasks.
About XTStarter
XTStarter, the exclusive token launchpad of XT.COM, is planning to profit both projects and users. Blockchain projects can raise funds and increase their reach across the crypto ecosystem via this exciting channel. Our users will be granted a chance to be part of potentially game-changing projects.
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