📈$CHECK v0.1

$CHECK will be a ERC-20 token on Base and the in-game product utility/reward token for users checking into locations with Warpcast or Checkin client app. $CHECK will be rewarded in addition to other objects like NFTs, badges, SBTs etc. As the product token for Checkin, $CHECK will have utility like perk and discount redemptions, special access etc for ongoing and special activations as those perks will be associated and generated through checkins.

Note: Although $CHECK will not be a governance token, it will be one of the base layers for regular checkin and upcoming games as the primitive actions in the Checkin ecosystem.

Checkin built games

The $CHECK token will be used to play and support the ephemeral games that Checkin will be building on top of location data to enhance user experience. $CHECK holders will have early access to our upcoming ephemeral games as well.

Note: If you hold more than 500,000 $CHECK, you will receive 5x points from each checkin for Season 1.

Community built games/projects

$CHECK can also be used to redeem perks, discounts, access and other rewards from partners or community-built experiences on top of Checkin.

Longer term plans for $CHECK include :

• Purchase in-game objects and items

• Redemption for partner perks, discounts, access

• Upgrading user levels

• Enhancements outside of core gameplay

External Inflow of Value

Our team has extensively worked with major enterprises like Japan Airlines and Japan Rail to launch NFT loyalty and reward campaigns. The Checkin team also works closely with Hakuhodo KEY3 - the web3 division of Hakuhodo, the 2nd largest marketing agency in Japan and the 5th largest globally - to implement onchain <> IRL campaigns.

For example, Checkin has checkin data on which places users love to visit, so a ramen chain can reach out to people who have “Ramen Lover” Level 3 Badge (frequent ramen restaurant goers) to receive free Ramen or a discount on their next visit. The revenue generated from this ramen campaign will be external inflow into the Checkin ecosystem which increases the ecosystem value from outside the project. Checkin will also buyback/burn tokens with this external value to increase the value of $CHECK.

We strongly believe this external inflow of value is critical to contribute to the long term sustainability of the Checkin ecosystem as value is created for both Checkin users and those outside of it.

Season 0 (Apr 1 - May 31)

Season 0 will focus on rewarding very early users and supporters of Checkin. Airdrop0 for Season0 will reward early supports (active users before May 31st) and ITO participants. Airdrop0 is still very early and experimental as we refine the mechanics of Checkin, but we wanted to reward early users and supports, including FarCon pass and POAP holders as an appreciation for a successful launch of Checkin at FarCon. The following users are eligible for Season 0 airdrop:

• Early active users before May 31st, 2024

• Degenpad ITO participants

• FarCon Community and Summit Pass holders

• FarCon POAP holders

You can check your eligibility and amount of $CHECK airdrop here!

Season 1 (Jun 1 - )

Season 1 will focus on polishing game mechanics around earning/spending $CHECK and launching several games on top of Checkin activities.

Season 1 will reward active Checkin users, Property Owners, and ephemeral game players (i.e. Monopoly and FoodPvP).

Note: If you hold more than 500,000 $CHECK, you will receive 5x points from each checkin for Season 1.

Season 2

Season 1 will focus on diversifying the ways to reward quality checkins, while rewarding the aligned users like people who will provide liquidities.

$CHECK Tipping

Season 2 will introduce tipping mechanisms for Checkin users to reward other users with great contributions and checkins. Tipping allowances will be adjusted monthly.

Minting Your Checkin

We will enable checkin users to deploy and mint their checkins as a Zora NFT easily, and their followers can mint them if they like it. This will be another way for checkin users to monetize their checkins while connecting with their followers more onchain.

Liquidity Mining Reward

We will introduce the liquidity mining reward on Airdrop 1.

$CHECK Token Allocations

$CHECK is an ERC-20 token on Base with a total supply of 100 Billion to reward checkins - the base layer of ephemeral games and actions in the Checkin ecosystem. There is a 1% inflation rate set to begin in 2028.

The size of the Season 0 airdrop indicates that it is still experimental, and supposed to be reward super early users. We have allocated three times more to Airdrop 1, which will be the main airdrop occurring after Season 1.

We will continue to update this page as we launch additional layers on top of base location layer for an onchain <> IRL primitive.

Additional details about tokenomics will be published on this page as it gets further refined.