cheqd (CHEQ) news

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Identity network transaction pricing Tokenomics are typically documented and distributed via a dedicated whitepaper. However, since our tokenomics will be a constant iteration, we have been using blogs to explain these in an easier-to-digest format, with a summary available in the Governance Framework. Part 1 of cheqd’s tokenomics covered the context/background, utility through parameters such as […]

cheqd’s tokenomics for SSI explained: part 4 | cheqd

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Greetings, cheqmates. So for those that attended our Monthly AMA on Friday, you’ll have heard the news from Fraser and Ankur that we’ve got some changes coming to our tokenomics. We know you’ll all have a lot of questions, so we’ve been preparing a little something for you.

INTRODUCING
cheqd’s tokenomics for SSI explained: part 4 🎉 😎

As well as a community pool parameter increase, we are proposing to introduce two new mechanisms to the cheqd tokenomics; identity transaction pricing and burns. These measures will improve the tokenomic sustainability of the cheqd network.

Identity transaction pricing and burns will augment the work we are doing on payments for self-sovereign identity/decentralised identity.

Please have a good read and let us know your thoughts 😉