Tokenomics
$CRCN token is the only token of CheckerChain (also known as SN87 Alpha Token) that is integrated through SN87 Subnet of Bittensor. The maximum supply of $CRCN token is 21,000,000 and follows the halving schedule as defined in subnet architecture.
Distribution of $CRCN (100% fair launch, no Presale, no VC, no Premined)
Miners
8,610,000
41%
Validators
8,610,000
41%
Founders
3,780,000
18%
TOTAL
21,000,000
100%
Loyalty Points
There are 2 types of loyalty point systems pegged with $CRCN. CP (checker points) is for leaderboard engagement (influencer), and CHECKR is for data labeler (poster, reviewer)
Pegging System (one-way): 10,000 CHECKR = 1 $CRCN (max 2.1b CHECKR) Reward Vault is maintained by the team with a floor of 210,000 $CRCN and a ceiling of 2.1m $CRCN.
Conversion Rate (one way): 1 CP = 1 CHECKR (adjusted off-chain based on growth of user activities) There is no max limit on CP but controlled by 420,000,000 CHECKR.
Note: $CRCN is bought back by CheckerChain platform revenue to refill the Reward Vault every quarter.
Distribution of CHECKR (100% backed by $CRCN from Reward Vault)
Posters Incentives
420,000,000
20%
Reviewers Incentives
1,260,000,000
60%
Influencer Incentives
420,000,000
20%
TOTAL
2,100,000,000
100%
CHECKR Distribution schedule for Reviewers Incentives, Posters Incentives, and Influencers Incentives.
Posters
1.9%
8,000,000
Reviewers
1.9%
24,000,000
Influencers
1.9%
8,000,000
Revenue allocations:
Posters
0%
10%
Reviewer
0%
30%
Influencers
0%
10%
Foundation
100%
50%
Reward Distribution:
Poster
Trust Score
1st of Month
10% Instant 90% Vested (0.5% per day unlock)
Reviewer
Profile Score
1st of Month
10% Instant 90% Vested (0.5% per day unlock)
Influencer
CP points
1st of Month
10% Instant 90% Vested (0.5% per day unlock)
Miner
Weights, Trust
Per Block
100% Instant
Validator
vTrust
Per Block
100% Instant
Current fee structure:
To access CheckerChain and premium features, there are two pricing models:
Subscription model (pay per month or year):
$0/month
$9.99/month
$99.99/month
Product Submission
1 basic listing/monthly
10 basic listing/month
30 basic listing/month
Review Submission
Unlimited
Unlimited
Unlimited
Feedback Submission
Unlimited
Unlimited
Unlimited
Gassless
Yes
Yes
Yes
Earning Fee Tax
30% Charged
10% Charged
0% Charged
Penalty for Missing Tasks
Yes
No
No
Profile Verification
No
Yes
Yes
Analytical Page
Very limited
Limited
Yes (Full)
Comparison Tool
No
No
Yes
Reply Reviews
No
No
Yes
Review Cycle Request
No
10 request/month
30 request/month
Customized Review Questions
No
No
Yes
Ads-free Browsing
No
Yes
Yes
Pay per feature
Basic Product Listing
$0
up to 10k impressions (50 reviews)
Standard Product Listing
$500
up to 40% traffic impressions (250 reviews)
Premium Product Listing
$1000
up to 70% traffic impressions (250+ reviews)
Review Cycle Fee
$4.99
Basic Product Listing mode
Full Analytical Page Access
$4.99
Monthly
Comparison Tool
$4.99
Monthly
Advertisement fee
custom
One time
Claim Product Ownership
custom
One time
Product Verification
$99.99
Monthly
Profile Verification
$4.99
Monthly
Product Discount/Offer
10% of Offer + $1.99
One time
Early Claim (During vesting)
custom
20% of claimed amt
Business models may get updated based on ecosystem growth and community demands.
Reward Ineligibility Criteria
45% < Trust Score < 55%
Profile Score < 40%
CP < 1000
At the end of every epoch, all conditions are checked. If ineligible, rewards become 0 for that category.
Last updated