INTRODUCTION

CheckerChain is a decentralized review aggregator platform to check products for their validity and authentic feedback. The smart contracts of CheckerChain protocol are powered by Elrond blockchain and integrated with IPFS to maintain censorship-resistant applications. Existing businesses can also leverage our smart contract protocol into their platform. We introduce a decentralized and trustless review protocol built on Elrond Network where opinion-checkings are incentivized for meeting a consensus. Millions of these users can get revenue shared with CheckerChain. Posters, Checkers, and Influencers are rewarded based on the quality of their work with $CHECKR token.

CHECKERCHAIN DAPP PLATFORM

CheckerChain is an evolution of the existing review industry into web3. Hence, our protocol is interacted by 3 similar users types of traditional review platforms:

(a) users who want to check reviews
(b) users who want to write reviews
(c) businesses who want to find feedbacks

CheckerChain platform also supports "Sponsored Post" or "Advertisement" similar to existing review platforms. This revenue is shared 100% with our users. We have defined terminology for our user types as:

(a) Posters: Users who submit posts for reviews are called Posters.
(b) Checkers: Users who are assigned review tasks are called Checkers.
(c) Influencers: Users who are involved in the interaction of posts and reviews are called Influencers.
(d) Governors: Users who are holding $CHECKR tokens are called $CHECKR Governor
(e) Partners: Any third-party business or organization that utilizes or endorses our protocol are called Partners

UTILITIES & ECOSYSTEM OF PROTOCOL

• Review Platform

• Single Asset Staking

• tRCM as a Service (TaaS) for third-parties

• Revenue Sharing (advertisement & service fees)

• Leaderboard

• Governance

TOKENOMICS

CheckerChain protocol incentivizes all contributions made by anyone within the ecosystem. When the majority of participants are honest, the trustless review consensus mechanism (tRCM) becomes secure and realistic. This protocol is designed to distribute incentives based on the level of tRCM achieved.

Initially, incentives are maintained by allocated new tokens for a period of 8 years on top of revenue from ads and service fees. When 250,000,000 $CHECKR tokens are distributed by the end of 8 years, the inflation rate drops to 0%, and incentives are maintained by revenues.

Protocol incentives are distributed on weekly basis counted as epochs. The contributions of checkers, posters, and influencers are collectively accounted per epoch into scores. Based on the weekly scores, rewards are emitted by the Distributor Smart Contract. All scores are reset every epoch. Few of the revenue sources are:

Poster fee = TBD
Checker fee = TBD
Re-Poster fee = TBD (x10 of Poster fee)
Ad submission fee = TBD
Advertisement fee = varies

$CHECKR is an ESDT compliant fungible token that acts as a governance and utility token of CheckerChain protocol. The maximum total supply of $CHECKR token is 2,100,000,000 and has 5 decimals.