How to be eligible to participate
Last updated
Last updated
DexCheck has optimized the staking modules within its token ecosystem and implemented DSP (DexCheck Staking Points). DSP is a weighted accounting system used to determine the degree of commitment a user has to the DexCheck ecosystem based on the factors of their total amount of tokens staked and the duration of their stakes.
DSP Calculation
The algorithm for calculating DSP has been kept really simple:
Total $DCK staked * the pool multiplier = Staking Points
1 staked DCK equals 1 staking point.
Each staking pool has its own time parameters and yield curve that dictates the weight of its stake:
· 45-day pool — 1.0x weight multiplier
· 90-day pool — 1.5x weight multiplier
· 180-day pool — 2.0x weight multiplier
· 360-day pool — 2.5x weight multiplier
· 547-day pool — 3.0x weight multiplier
Example Calculations
Staking 1,000 DexCheck tokens into the 45-day pool results in 1,000 DSP.
Staking 1,000 DexCheck tokens into the 90-day pool results in 1,500 DSP.
Staking 1,000 DexCheck tokens into the 180-day pool results in 2,000 DSP.
Staking 1,000 DexCheck tokens into the 365-day pool results in 2,500 DSP.
Staking 1,000 DexCheck tokens into the 547-day pool results in 3,000 DSP.
Note: Staking in different pools will aggregate the tier points accordingly. For example, if 5,000 tokens are staked into the 45-day pool for 5,000 DSP and 5,000 tokens into the 365-day pool for 12,500 DSP, the user will have a total of 17,500 DSP.
Benefits of Staking $DCK
$DCK is the native token of the DexCheck Ecosystem, used to facilitate the accounting of ownership rights within the community. By staking it, our users show commitment for the platform’s future, and unlocks the full spectrum of benefits of the product suite.
1. Gaining Ecosystem Tier Level
There are multiple tiers within the DexCheck ecosystem, each tier providing its own unique benefits. The benefits for each Tier can be found below
2. Inclusion in DexCheck Pad
DexCheck’s IDO platform helps promising projects launch their digital assets and bootstrap their communities. Users need a minimum of 20K DCK to participate and their allocation will depend on DSP acquired.
3. Access to DexCheck AI Model
While DexCheck offers a range of its services for free, unlimited access to every function of its AI model requires staking DCK tokens.
4. Generating Yield
Staking DexCheck tokens provides yield in the form of DexCheck emissions, which ultimately balance out the token’s distribution fairly among contributors.
Where to View DSP & Tier Level?
The DexCheck ecosystem is structured into four tiers:
Level
Minimum DSP Required
Bronze: 60,000
Silver: 300,000
Gold: 750,000
Diamond: 1,500,000
Tiers are used to determine eligibility for public and private sales, and FCFS rounds.
Bronze Benefits
Eligibility for public sale allocation at 1X multiplier
Eligibility for refunds on public sales
Silver Benefits
Eligibility for public and private sale allocation at 1X multiplier
Eligibility for refunds on public sales
Access to FCFS for extra allocation if unsold
Gold Benefits
Eligibility for public and private sale allocation at 1.25 X multiplier
Eligibility for refunds on public sales
Access to FCFS for extra allocation if unsold
Diamond Benefits
Eligibility for public and private sale allocation at 1.5X multiplier
Eligibility for refunds on public sales
Access to FCFS for extra allocation if unsold
Here is a small table that illustrates how tokenholders with different amounts of tokens staked can achieve different tiers
To buy $DCK, you have 6 available options 🙌🏼
Did you buy your $DCK? Awesome, now let's stake it! 🌟
Go to the official application interface, connect your Web3 wallet, and click the button at the top right. This will open your profile and show you a succinct overview of your overall DexCheck ecosystem influence, including tier level, amount of DSP, and other key factors.
