Cheqd Airdrop Review: Enable new Business Models for Verifiable

About Cheqd Airdrop

Cheqd Airdrop is a blockchain network, built in the Cosmos ecosystem, designed to do three core things: to enable people and organizations to have digital, trustworthy interactions directly with each other, whilst maintaining privacy and without any centralized registry or organization needed, to facilitate new business models for decentralized identity and Verifiable Credentials, through the use of our token, $CHEQ, to bridge the DeFi ecosystem with the decentralized identity ecosystem, for better user experiences, democratic governance, regulatory compliance and operational efficiency.

Cheqd is airdropping free CHEQ tokens to ATOM, JUNO, OSMO and CHEQ stakers. The snapshot of ATOM, JUNO and OSMO stakers was taken on March 10th, 2022 and the snapshot of CHEQ stakers was taken on March 18th, 2022. Users who staked at least 10 ATOM, 20 JUNO, 20 OSMO or 100 CHEQ by the snapshot date are eligible to claim the airdrop.

Step-by-Step Guide

1. Visit the cheqd airdrop claim page.
2. Connect your keplr wallet.
3. If you were eligible, then you will be able to claim free CHEQ tokens.
4. Users who’ve staked at least 10 ATOM, 20 JUNO, 20 OSMO or 100 CHEQ by the snapshot date are eligible to claim the airdrop.
5. The snapshot of ATOM, JUNO and OSMO was taken on March 10th, 2022 and the snapshot of CHEQ stakers was taken on March 18th, 2022.
6. Participants need to submit a cheqd wallet address to receive the rewards. For more information regarding this, see this article.
7. For more information regarding the airdrop see this article.

We’re making it easier for individuals and organisations to trust each other!

No more data silos to be leaked or hacked. No more data sold without consent. No more relationships and transactions without trust. We’re building a secure network that enables individuals and organisations to fully control their personal data. It allows self-sovereign identity (SSI) companies to build and deliver secure solutions to you. Through our network, anyone can verify identities quickly and securely.

They give you back privacy and control of your data.

Cheqd Airdrop data shouldn’t be in silos waiting to be leaked or stolen. Companies shouldn’t make money selling your data without your consent. The network allows SSI companies to build and deliver secure solutions to you.

New business models for verifiable credentials .

They help companies create new and innovative business models, ensuring self-sovereign identity is a viable and rewarding service to offer to customers. 

Quick start for joining cheqd networks

Join cheqd Community Slack for help, questions, and support if you are looking to join mainnet or the testnet.

Either the cheqd team, or one of your fellow node operators will be happy to offer some guidance.

Mainnet

Getting started as a node operator on the Cheqd Airdrop network mainnet is as simple as…

1. 1.Install the cheqd-node software (version 0.5.0+) on a hosting platform of your choice
2. 2.Once you have acquired CHEQ tokens, promote your node to a validator

If successfully configured, your node would become the latest validator on the cheqd mainnet. Welcome to the new digital ID revolution!

Testnet

Cheqd Airdrop testnet is the easiest place for developers and node operators to get started if you’re not quite ready yet to dive into building apps on our mainnet. To get started…

1. 1.Install v0.5.0 of cheqd-node (same version as that on mainnet)
2. 2.Acquire testnet CHEQ tokens through testnet faucet.

Currently supported functionality

• Basic token functionality for holding and transferring tokens to other accounts on the same network
• Creating, managing, and configuring accounts and keys on a cheqd node
• Staking and participating in public-permissionless governance
• Governance framework for public-permissionless self-sovereign identity networks
• Creating did:cheqd method DIDs, DID Documents (“DIDDocs”), and querying full DIDDocs

Upcoming functionality

Cheqd Airdrop non-exhaustive list of future planned functionality (not necessarily in order of priority) is highlighted below:

• Creating and managing Verifiable Credentials anchored to DIDs on cheqd mainnet
• Querying DIDDoc fragments and specific resources
• Defining persistent Schemas that can be referenced using DIDs

They plan on adding new functionality rapidly and on a regular basis and welcome feedback on cheqd Community Slack workspace.

Developing & contributing to cheqd

Cheqd-node is written in Go and built using Cosmos SDK. The Cosmos SDK Developer Guide explains a lot of the basic concepts of how the cheqd network functions. If you want to build a node from source or contribute to the code, please read guide to building and testing.

Creating a local network

If you are building from source, or otherwise interested in running a local network, they have instructions on how to set up a new network for development purposes.