In Brief
Launch of $CHECK Token: The Checkmate Ecosystem will release its core currency, $CHECK, on November 12 at 7 PM ET.
Functional Diversity: The token will permeate all services within the ecosystem, aiding in competition, creation, governance, and more.
Structured Tokenomics: With a capped total of 1 billion tokens, allocations are designated for player rewards, operational costs, and further ecosystem support.
Introduction of $CHECK Token in the Checkmate Ecosystem
On November 12, the Checkmate Ecosystem, supported by influential developers including Animoca Brands, will introduce its digital currency, $CHECK. This token is set to become a cornerstone of a vibrant new network that revolves around gaming, educational opportunities, and AI-powered creativity.
Multi-Utility Token
$CHECK is designed to intertwine functional necessities within the Checkmate Ecosystem. It will not only serve as in-system currency but also as a rewarding mechanism across various platforms. Initially integrated into Anichess, a strategic chess game by Animoca Brands with Chess.com, $CHECK will further expand to incorporate other areas such as King’s Gambit and additional competitive and creative digital formats.
Anichess: The Primary Venue
As a pivotal element of the system, Anichess merges conventional chess with pioneering gameplay and has drawn impressive engagement, boasting 340,000 players and over 6 million minutes played. This platform will harness $CHECK for tournament participation, progression systems, and unique collectibles linked with NFT technology.
Governance and Expansion
Eventual governance will transition towards a DAO Council model, promising a future of community-guided development through Checkmate Improvement Proposals (CIPs). Included in the infrastructure are a Digital Passport for tracking player profiles, an Asset Framework for management of digital assets, and a Data Registry to uphold the transparency and integrity of game outcomes and standings.
Token Distribution Strategy
1 billion fixed $CHECK tokens will be meticulously dispersed across:
Player Rewards (39.38%)
Ecosystem & Treasury (20.0%)
Investors (13.62%)
Team (10.0%)
Liquidity (7.0%)
Operational Expenses (4.0%)
Advisors (4.0%)
Kaito Launchpad (2.0%)
This allocation strategy promotes an immediate and staged utility that ensures the growth and functionality of the token within the ecosystem.
Looking Forward: New Developments and Titles
Following $CHECK’s integration within Anichess, the roadmap includes the debut of King’s Gambit and other novel titles, broadening the ecosystem’s horizons. These developments are poised to not only cater to web users but also mobile audiences, setting a stage for expanded accessibility and interaction later this year.
The inception of $CHECK and its assimilation into multiple facets of the Checkmate Ecosystem heralds a substantial advancement in crafting a cohesive digital economy for gamers, developers, and enthusiasts.
