MyCointainer's Recap of cheqd (CHEQ) Full Integration
Recap of the cheqd (CHEQ) full integration to our platform, providing our users with the best opportunities to participate in the cheqd ecosystem.
cheqd (CHQD) Project Intro
Cheqd is a dedicated network that aims to revolutionize the way individuals and organizations control their personal data. By leveraging blockchain technology, Cheqd provides the infrastructure for decentralized identity to function effectively and at scale.
CHEQ token is the native token of the network, serving as a governance tool and facilitating secure payments for digital credentials without compromising privacy. It enables the commercial viability of self-sovereign identity (SSI) by creating a payment system for identity verification while allowing users to retain control of their data.
MyCointainer as cheqd Validator
We are proud to announce the successful launch of our validator node, which plays a crucial role in securing the cheqd network. This event enables us to provide the opportunity for individuals interested in decentralized staking to participate in cold staking.
MyCointainer Platform & Wallet Integration
Beginning today, community members can take advantage of the Cheqd native token's utility on our platform. Deposits and withdrawals are processed on the cheqd network, simplifying interactions with the platform wallet and enabling you to choose from various Earning Apps. This seamless integration ensures a user-friendly experience and promotes the growth and adoption of cheqd within the MyCointainer community.
Staking App
MyCointainer now supports $CHEQ on its Staking App, enabling users to earn passive income by holding and staking their assets. Earn an estimated 10% APY on your staked $CHEQ. With the implemented rewards auto-compounding system, your staking starts immediately after your coins are deposited, exchanged, or purchased with a card on MyCointainer.
Exchange App
Users can buy $CHEQ with card, and trade it against EUR, BTC, USDT, and major cryptocurrencies on MyCointainer Exchange App. We use multiple API points to guarantee our users the lowest prices from the market, making it easier to trade and save on fees.
The platform offers different coin bonuses for users who have successfully finished trading any pairs using the built-in exchange.
Cold Staking
At MyCointainer, we provide users with a variety of options for staking and managing their cryptocurrency assets. Our Cold Staking $CHEQ product is a decentralized, self-custodial solution that utilizes on-chain blockchain technology to participate in the cheqd consensus mechanism.
By staking cheqd and validating transactions, validators and nominators can earn generous rewards while helping to keep the network decentralized and secure. This non-custodial service puts users in charge, with complete control over their assets and data through personal wallets, and all activity visible on-chain.
Node Deployment
Cheqd has made significant strides toward decentralization in recent months. Anyone can become a validator and contribute to the network's growth and security. External operators are invited to participate, allowing for testing and feedback to improve cheqd's performance and functionality, ensuring it is bug-free.
Individuals and organizations can deploy their own mainnet nodes of cheqd on MyCointainer Business. Our improved developer tools streamline integration, requiring minimal technical knowledge to operate. Running a node is easy using the cutting-edge hosting infrastructures provided by MyCointainer, leveraging speed, scalability, and analytical tools.
Conclusion
MyCointainer is committed to providing our users with the best opportunities to participate in the blockchain ecosystem. With the addition of $CHEQ to our platform, we are excited to offer our users more ways to earn passive income and participate in the growth of the cheqd ecosystem.