{"id":"checkdot","version":1,"language":"en","title":"CheckDot","content":"**CheckDot** is a protocol that aims to address security and risk management challenges in [decentralized finance (DeFi)](https://iq.wiki/wiki/defi). It uses [blockchain](https://iq.wiki/wiki/blockchain) and artificial intelligence to identify and reduce vulnerabilities, seeking to improve trust and reliability. [[1]](#cite-id-RO8jscnRj9)\n$$widget0 [YOUTUBE@VID](I9ON4JKEe3s)$$\n# Overview\n\nCheckDot, founded by Jeremy Guyet, aims to offer a decentralized platform for verifying audits, businesses, services, [NFTs](https://iq.wiki/wiki/non-fungible-token-nft), and other assets within the [cryptocurrency](https://iq.wiki/wiki/cryptocurrency) ecosystem. It seeks to promote transparency by allowing users to request opinions or audits through community-driven advisory layers. Participants, including [blockchain](https://iq.wiki/wiki/blockchain) enthusiasts and organizations, can act as validators by holding CDT tokens.\n\nBuilt on the [Binance Smart Chain](https://iq.wiki/wiki/binance-smart-chain), CheckDot includes features such as smart contract audits, risk analysis, and decentralized insurance. The platform plans to expand to multiple [blockchains](https://iq.wiki/wiki/blockchain) and broaden its scope to include business evaluations and community-verified project lists. Users can stake CDT tokens and access tools intended to support decision-making and risk management in [decentralized finance](https://iq.wiki/wiki/defi). [[1]](#cite-id-RO8jscnRj9) [[2]](#cite-id-2ObGxuMFSz) [[3]](#cite-id-dpiP2shS1D) [[23]](#cite-id-xMaPGAULbU)\n\n![](https://ipfs.everipedia.org/ipfs/QmdQs2fCkowDFhdDvJetsReRUqWHLDnW7CZSwQKNZoUE7h)\n\n# Products\n\n## Decentralized Insurance\n\nCheckDot's Insurance Protocol aims to provide a platform for users to stake assets in insurance pools, enabling them to act as insurers against [DeFi](https://iq.wiki/wiki/defi) risks. Assets are locked for 15 days, after which they may be withdrawn, potentially reduced by claims. Users earn rewards based on their stake and have the option to purchase coverage for assets on decentralized platforms. Claims can be made for eligible events. The protocol operates through [smart contracts](https://iq.wiki/wiki/smart-contract), aiming for secure and transparent transactions. [[4]](#cite-id-lnZTPSkFjf) [[5]](#cite-id-k3cfsmqMOX) [[6]](#cite-id-HLh1xUWoTT) [[7]](#cite-id-KyubsfXfwi) [[8]](#cite-id-zX3pJ2ZMPo)\n$$widget0 [YOUTUBE@VID](ij1sUzFyQ90)$$\n## Staking\n\nCheckDot aims to provide a platform for users to stake tokens in decentralized pools to earn rewards. Staking typically involves locking tokens for a 30-day period, with rewards distributed upon completion of the lock-up. Users can unstake at any time, though early unstaking results in no rewards.\n\nThe platform also enables project owners to create custom staking pools on the [Binance Smart Chain](https://iq.wiki/wiki/binance-smart-chain) through a simplified form, without requiring development knowledge. Pool creators can customize staking parameters, such as [APY](https://iq.wiki/wiki/annual-percentage-yield-apy), lock-up periods, and reward tokens, with management options available for the pools. [[9]](#cite-id-XZlXXOHcmh) [[10]](#cite-id-TuSmYtIC7A) [[11]](#cite-id-6y32nsXUdz) [[12]](#cite-id-jzZbano14a)\n\n## Risk Tracker\n\nRisk Tracker is a decentralized data aggregator developed by CheckDot that aims to provide real-time information on cryptocurrency projects. It helps users evaluate project credibility using a Trust Score, which is calculated based on factors such as technical, maturity, operational, market stability, and community scores. \n\nThe platform supports projects on various [blockchains](https://iq.wiki/wiki/blockchain) and allows users to list or create project analyses. AI is employed to verify project data and ensure its accuracy. Risk Tracker also enables users to search for existing analyses or create new ones by submitting a project's [smart contract](https://iq.wiki/wiki/smart-contract) address and details. [[13]](#cite-id-1x2fRWgREv) [[14]](#cite-id-KvmNeBlSWE) [[15]](#cite-id-d9WxgjCAA0)\n$$widget0 [YOUTUBE@VID](L7wsvE71tZw)$$\n## Bridge\n\nCheckDot Bridge aims to facilitate cross-chain token transfers, including CDT, between various [blockchains](https://iq.wiki/wiki/blockchain). Users can connect their wallets, select source and destination networks, and approve transfers. The system verifies each transfer, including checking for chain latency, with 20 confirmation blocks required. If delays occur, the transaction is paused for review by CheckDot’s team. Once confirmed, tokens are transferred to the destination wallet. [[16]](#cite-id-NQpzjCfuxm) [[17]](#cite-id-KIXbasOvc1)\n$$widget0 [YOUTUBE@VID](-gKl58kaq9k)$$\n# Ecosystem\n\n## CheckDot Chain\n\nCheckDot Chain version 2 aims to improve performance and security through a consensus mechanism initially based on elected validators, with plans to transition to [Proof of Stake (PoS)](https://iq.wiki/wiki/proof-of-stake) in the future. The update focuses on optimizing peer-to-peer communications, which aims to enhance data transmission and network resilience.\n\nThe chain allows users to delegate and stake CDT tokens to validator nodes, with rewards distributed based on participation. A simplified node interface is designed to make management more accessible.\n\nThe blockchain operates using a combination of [Proof of Stake (PoS)](https://iq.wiki/wiki/proof-of-stake) and Proof of Burn (PoB). It incorporates a gas fee system inspired by [Ethereum's](https://iq.wiki/wiki/ethereum) EIP 1559, where the base fee adjusts according to block demand and decreases every four years. [[18]](#cite-id-wOkIOT8YIO) [[19]](#cite-id-vzrqEBW4HD) [[20]](#cite-id-jT9gyIE5ia)\n\n# Tokenomics\n\n## CheckDot Token ($CDT)\n\nThe CDT token is integral to the CheckDot protocol, symbolizing trust and serving as a form of insurance for transactions. It is used for governance, enabling holders to vote on protocol developments and insurance claims. Additionally, CDT aims to facilitate payments for various services, including audits, staking pools, hedge purchases, gas fees, and premium features within the ecosystem. [[1]](#cite-id-RO8jscnRj9) [[21]](#cite-id-NnUt4Cxt6A)\n$$widget0 [YOUTUBE@VID](rV1q4-YzEBg)$$\n## Allocation\n\nThe total initial supply of CDT tokens is 10,000,000, distributed as follows:\n- **Private Sale**: 1,000,000 tokens (10%), with a 1-week lockup before [PancakeSwap](https://iq.wiki/wiki/pancakeswap) listing.- **Public Sale**: 4,000,000 tokens (40%), with no lockup.- **Bounty Rewards**: 500,000 tokens (5%), with a 1-month lockup.- **Staking Rewards**: 500,000 tokens (5%), with a 1-month lockup.- **Marketing**: 200,000 tokens (2%), with a 6-month lockup.- **Team**: 1,000,000 tokens (10%), with a 24-month lockup.- **Network Fees and Future Liquidity Pool**: 173,227 tokens (1.73%), with no lockup.- **Treasury**: 440,000 tokens (4.4%), with a 48-month lockup.- **Liquidity Pool**: 1,764,000 tokens (17.64%), with a 6-month lockup.- **OTC**: 333,500 tokens (3.34%), with no lockup.- **Fee ILO**: 80,000 tokens (0.8%).- **Fee Locks**: 9,271 tokens (0.0923%).\nThis distribution aims to support the protocol's growth while ensuring proper incentives and liquidity management. [[22]](#cite-id-s8xJVb1drN)\n\n# Team\n\nThe CheckDot team consists of individuals in key roles:\n- **Jeremy Guyet** – Founder and CEO- **Kelyan Morfouesse** – CTO and Back-End Software Engineer- **Mehedi Hasan** – CMO- **Grzegorz Gierek** – Community Manager- **Tyler** – Support Team- **Antor** – Chinese Support Team\nEach member plays a role in the ongoing development and operations of the project.","summary":"CheckDot is a DeFi platform leveraging blockchain and AI to enhance security and risk management. It offers decentralized audits, insurance, staking, and a risk tracker, promoting transparency and trust in cryptocurrency.","categories":[{"id":"defi","title":"DeFi"}],"tags":[{"id":"Protocols"},{"id":"BinanceSmartChain"},{"id":"Ethereum"}],"metadata":[{"id":"references","value":"[{\"url\":\"https://checkdot.io\",\"description\":\"Checkdot website\",\"id\":\"RO8jscnRj9\",\"timestamp\":1733030929117},{\"url\":\"https://docs.checkdot.io/introduction/checkdot-ecosystem-overview\",\"description\":\"docs - Introduction\",\"id\":\"2ObGxuMFSz\",\"timestamp\":1733030956954},{\"url\":\"https://checkdot.medium.com/checkdot-protocol-demonstrate-commitment-of-your-business-9afbb0aaef74\",\"description\":\"medium - CheckDot Protocol demonstrates Commitment of your Business\",\"id\":\"dpiP2shS1D\",\"timestamp\":1733030987622},{\"url\":\"https://docs.checkdot.io/decentralized-insurance/risks-of-insurance-staking\",\"description\":\"docs - Risk of insurance staking\",\"id\":\"lnZTPSkFjf\",\"timestamp\":1733031924490},{\"url\":\"https://docs.checkdot.io/decentralized-insurance/how-to-become-insurer\",\"description\":\"docs - how to become insurer\",\"id\":\"k3cfsmqMOX\",\"timestamp\":1733031947390},{\"url\":\"https://docs.checkdot.io/decentralized-insurance/how-to-buy-cover\",\"description\":\"docs - how to buy cover\",\"id\":\"HLh1xUWoTT\",\"timestamp\":1733031982311},{\"url\":\"https://docs.checkdot.io/decentralized-insurance/how-to-claim\",\"description\":\"docs - how to lay claim\",\"id\":\"KyubsfXfwi\",\"timestamp\":1733031996089},{\"url\":\"https://docs.checkdot.io/decentralized-insurance/how-insurance-protocol-works\",\"description\":\"docs - how insurance protocol works\",\"id\":\"zX3pJ2ZMPo\",\"timestamp\":1733032015825},{\"url\":\"https://docs.checkdot.io/staking/risk-of-staking\",\"description\":\"docs - Risk of Staking\",\"id\":\"XZlXXOHcmh\",\"timestamp\":1733032298707},{\"url\":\"https://docs.checkdot.io/staking/how-to-stake\",\"description\":\"docs - how to stake\",\"id\":\"TuSmYtIC7A\",\"timestamp\":1733032313500},{\"url\":\"https://docs.checkdot.io/staking/create-your-own-staking-pool\",\"description\":\"docs - 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How bridge works\",\"id\":\"KIXbasOvc1\",\"timestamp\":1733032845019},{\"url\":\"https://checkdot.medium.com/checkdot-blockchain-step-2-0d4d5c1f8e0a\",\"description\":\"medium - CheckDot Blockchain Step 2\",\"id\":\"wOkIOT8YIO\",\"timestamp\":1733033192185},{\"url\":\"https://docs.checkdot.io/blockchain/gas-fee-system\",\"description\":\"docs - Gas Fees \",\"id\":\"vzrqEBW4HD\",\"timestamp\":1733033202263},{\"url\":\"https://docs.checkdot.io/blockchain/checkdot-chain-pre-testnet\",\"description\":\"docs - CheckDot Chain pre-testnet\",\"id\":\"jT9gyIE5ia\",\"timestamp\":1733033227139},{\"url\":\"https://docs.checkdot.io/token/token\",\"description\":\"docs - CDT Token\",\"id\":\"NnUt4Cxt6A\",\"timestamp\":1733033430301},{\"url\":\"https://docs.checkdot.io/introduction/checkdot-token-distribution\",\"description\":\"docs - Token Allocation\",\"id\":\"s8xJVb1drN\",\"timestamp\":1733033567853},{\"url\":\"https://docs.checkdot.io/introduction/checkdot-team\",\"description\":\"docs - Team\",\"id\":\"xMaPGAULbU\",\"timestamp\":1733034432606}]"},{"id":"website","value":"https://checkdot.io"},{"id":"youtube_profile","value":"https://www.youtube.com/@checkdotofficial4426/featured"},{"id":"telegram_profile","value":"https://t.me/checkdot"},{"id":"coingecko_profile","value":"https://www.coingecko.com/en/coins/checkdot"},{"id":"coinmarketcap_url","value":"https://coinmarketcap.com/currencies/checkdot/"},{"id":"contract_url","value":"https://bscscan.com/token/0x0cbd6fadcf8096cc9a43d90b45f65826102e3ece"},{"id":"etherscan","value":"https://etherscan.io/token/0xcdb37a4fbc2da5b78aa4e41a432792f9533e85cc"},{"id":"twitter_profile","value":"https://twitter.com/Checkdot_proto"},{"id":"instagram_profile","value":"https://www.instagram.com/checkdot_protocol"},{"id":"github_profile","value":"https://github.com/checkdot"},{"id":"commit-message","value":"New Wiki Created 🎉"}],"user":{"id":"0xf32ECD5c8f5633212f1a25A3931aDDc0CEc42938"},"author":{"id":"0xf32ECD5c8f5633212f1a25A3931aDDc0CEc42938"},"media":[{"id":"https://www.youtube.com/watch?v=rV1q4-YzEBg","name":"rV1q4-YzEBg","source":"YOUTUBE","thumbnail":"https://www.youtube.com/watch?v=rV1q4-YzEBg","caption":""},{"id":"https://www.youtube.com/watch?v=L7wsvE71tZw","name":"L7wsvE71tZw","source":"YOUTUBE","thumbnail":"https://www.youtube.com/watch?v=L7wsvE71tZw","caption":""},{"id":"https://www.youtube.com/watch?v=I9ON4JKEe3s","name":"I9ON4JKEe3s","source":"YOUTUBE","thumbnail":"https://www.youtube.com/watch?v=I9ON4JKEe3s","caption":""},{"id":"https://www.youtube.com/watch?v=-gKl58kaq9k","name":"-gKl58kaq9k","source":"YOUTUBE","thumbnail":"https://www.youtube.com/watch?v=-gKl58kaq9k","caption":""},{"id":"https://www.youtube.com/watch?v=ij1sUzFyQ90","name":"ij1sUzFyQ90","source":"YOUTUBE","thumbnail":"https://www.youtube.com/watch?v=ij1sUzFyQ90","caption":""},{"id":"QmdQs2fCkowDFhdDvJetsReRUqWHLDnW7CZSwQKNZoUE7h","name":"1500x500-41.jpeg","source":"IPFS_IMG","thumbnail":"QmdQs2fCkowDFhdDvJetsReRUqWHLDnW7CZSwQKNZoUE7h","caption":""}],"images":[{"id":"QmUkqWGsBeD2sufqricsFqH5M5qR6ddeqAxoWSSxR1Ft1P","type":"image/jpeg, image/png"}],"events":[],"linkedWikis":{"founders":[],"blockchains":["binance-smart-chain"],"speakers":[]}}