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DOCK Migration to CHEQ
We are thrilled to announce that the token merger between cheqd and Dock has been officially approved by both $CHEQ and $DOCK holders.
As a $DOCK token holder, this merger with $CHEQ brings a host of compelling benefits that enhance both the value and utility of your tokens:
1.Increased Token Liquidity:
@cheqd_io has over 81.500 token holders and is listed on multiple centralized and decentralized exchanges, such as Uniswap, Osmosis, Kujira, and ShadeSwap, with ongoing efforts to secure additional listings.
2.Tokenomics That Benefit Holders:
On the cheqd network, presently every identity transaction executed results in the burning of $CHEQ tokens, creating a deflationary mechanism. In the coming months, this mechanism will widen from only identity transactions to any transaction using an Ethereum EIP 1559 style burn.
3.Immediate Access to Enhanced Resources:
cheqd has a wealth of resources that will be available to $DOCK token holders from day one. These include a selection of software tools, staking opportunities, participation in liquidity pools, support from market makers, engagement with influencers, and access to a vibrant, active community.
According to the Dock (DOCK) project team, Dock (DOCK) tokens will be merged into CHEQD NETWORK (CHEQ) at a ratio of 18.5178 DOCK : 1 CHEQ.
Official Source
- https://blog.dock.io/cheq-dock-token-merger-approved-an-alliance-for-decentralized-identity-adoption/
