Informal Staking has been an active validator for Cheqd since November, 2021. Cheqd enables digital trust between people and organizations and is the first self sovereign identity solution in the Interchain. As one of the top validators for Cheqd we offer premium network security and are active in network governance.
The CHEQ token is used as a staking and governance token for the Cheqd blockchain. CHEQ is also used to monetize verifiable credentials and incentivize usage of the network.
Cheqd Network is an application specific blockchain powering a Self Sovereign Identity (SSI) platform. The Cheqd network enables digital trust, facilitates new business around SSI, and bridges DeFi to DID (Decentralized Identifiers) markets.