For every $CHEK in circulation, there is at least $1 USD in our treasure backing it. Every time a new transaction is processed by our checkouts, there is revenue generated for the protocol. This revenue is in the form of USDC and is stored in the DAO’s treasury. A smart contract mints a new $CHEK token every time the DAO recieves revenue and sends the token to the business who contributed it. This token is now in the hands of the contributor and is backed by the value he helped create.
For every $CHEK in circulation, there is at least $1 USD in our treasure backing it. Every time a new transaction is processed by our checkouts, there is revenue generated for the protocol. This revenue is in the form of USDC and is stored in the DAO’s treasury. A smart contract mints a new $CHEK token every time the DAO recieves revenue and sends the token to the business who contributed it. This token is now in the hands of the contributor and is backed by the value he helped create.
For every $CHEK in circulation, there is at least $1 USD in our treasure backing it. Every time a new transaction is processed by our checkouts, there is revenue generated for the protocol. This revenue is in the form of USDC and is stored in the DAO’s treasury. A smart contract mints a new $CHEK token every time the DAO recieves revenue and sends the token to the business who contributed it. This token is now in the hands of the contributor and is backed by the value he helped create.
