Thread by @SebastianWols17

🧵-- $CDT --🧵
🧵 @Checkdot_proto 🧵
#CheckDot

🧵#Thread about $CDT a blockchain tool project that want`s to make a difference!

LETS GO!!

@CryptoGirlNova @Disguycrypto @FeraSY1
#Crypto #Cryptoinvestor #100x #AI
$NAKA $FRM $MLT $MTRG $ETH $BTC $BSC $DOT

What is @Checkdot_proto ?

#CheckDot is actually a blockchain technology tool for end-users and developers that want`s to offer a various range of services that can simplify and innovate customers experience on the blockchain!

Interested?
Let`s go!

So here are the main services of @Checkdot_proto:
- Decentralized Insurance
- Token staking
- Projects Verification
- Audits
- Bridge
- 24h bet protocol

History:
CheckDot was born in May 2021, with an important concept at that time: Check and identify high risk projects to protect investors and newcomers in Decentralized Finance.

Based on the idea they have designed a decentralized auditing protocol named "DVP"
shortcut from: Decentralized-Verification-Protocol

It is available on both #BSC and #Ethereum.

Decentralized Insurance:
We all know that there are constantly hacks, lp steals etc. so if you have a bigger capital insurance is good thing for you imo.

Their protocol is built on three pillars:
1. Solvability Calculator
2. Products Manager
3. Covers Manager

1. Solvability Calculator:
A smart contract dedicated to the verification of the solvency of the protocol.
It assigns a level of insurable insurance possibility according to the risks of the products and the available liquidity.

Quite cool!

2. Products Manager
Management of insurance products through smart contract that every user buys a cover.
It contains all the insurance products.
It is the only smart contract that has the authorization to create a cover.

It connects and communicates with the Calculator and proceeds to the payment then to the creation of the cover by communicating with the smart contract itself.

3. Covers Manager
This is a smart contract ERC721 that does not allow any exchange of these NFT tokens.

This smart contract is "Soul Bound" Tokens manager. It contains the liquidity pools and the hedges and is essential to have these two parts in the same smart contract.

Links to:
How to buy Cover:
docs.checkdot.io/decentralized-…

How to become insurer:
docs.checkdot.io/decentralized-…

The insurance policy ( through a Soulbound token) has an expiration date, after that the Soulboud token is automatically destroyed!

First NFT Soul Bound Token proof of coverage.

Awesome stuff! Reminds me of soulboud items from World of Warcraft... nevermind:)

Create Your Own Staking Pool

What`s cool they have also a custom creation of staking pools that anyone with their project can use!
Why create a tech behind staking when you can get it here!

No need fot smart contracts or solidity knowledge!

You will only need to fill in a form, which will help you a lot with various automatic calculations and you are basically set your coin/token for staking!

The Staking pool is decentralized:)

How Cool is that!

They also have a cool feature called Trust Score

The trust score corresponds to the addition of 3 scores according to 3 criteria:
- A maturity score
- A community score
- A technical score
The result of this 3 score determines a score between 0 and 100
Fun though!

They also provide Smart Contracts Audits:

CheckDot's technical team brings its expertise to the evaluation of the Solidity code of smart contracts of companies.

Links:
1. How To Become A Verifier:
docs.checkdot.io/decentralized-…
With a cool video:)

2. How To Make My Project Verified
docs.checkdot.io/decentralized-…

And the first thing you must have is the necessary amount of $CDT tokens and that makes the token itself damn valuable!

Love it!

The app looks great and works great!

TEAM:
The CEO is an absolute genius and here is the link to him: github.com/jguyet
@JeremyGuyet

CTO
Kelyan Morfouesse
@Kelyan25925343

CMO
Avangart

Community manager
Grzegorz Gierek
Talked to him personally, awesome straightforward/no-bullshit guy! Much respect!

They also have a vision to create a digital agency in Metaverse like "The SandBox" I respect that!

It shows it`s not another shitcoin but a real innovative thinking project!

They also have their own bridge fot get $CDT token from #BSC to #ETH and vice versa!

I haven`t even scratched the surface of the project, they are building themselves a network of full variety of products to lead the way in the insurance blockchain revolution!

Uses of $CDT:
- Governance
- Staking
- Payments
- Verification access
- Platform costs
- NFT certifiaction

Stats:
Price: 0.24$
Market cap: 2.4M
Circulating supply: 7,745,635
Max supply: 10,000,000

There was a 1% supply burn info here:

https://twitter.com/Checkdot_proto/status/1510708718224171009?t=BumPg31rbXq7KTaZozp4uw&s=35

What I think about @Checkdot_proto ?
The CEO is a genius, insurance is cool, the idea is cool, staking for others without smart contract knowledge is cool and verification's with audits also cool.

To much cool lol DYOR and check them out!

Help me go where I want to!

I grind hard to be the thread maker of all times
Improving every week!

If you liked it retweet the first tweet and like it:)

ALUCARD OUT

https://twitter.com/SebastianWols17/status/1626586274378444804