Checks Whitepaper
  • Cover
    • Checks Whitepaper
  • Overview
    • Introduction
  • Abstract
  • The Problem & Solution
  • MVP Features
    • Introduction to MVP
  • Standard Payment
  • Vesting Schedule
  • Platform Yield
  • Examples
  • Check Minting
  • Portfolio Management
  • NFT CHECKS
    • Design Overview
  • Check Types
  • Platform Structure
    • Tier System
  • Multi-Chain Support
  • Post-MVP Features
    • Introduction to Post-MVP
  • Escrow
  • Auto-Investment
  • Checks DAO
  • Checks Launchpad
  • P2P Lending
  • Paymart Integration
  • Token Economics
    • Check Token Utility
  • Check Token Tokenomics
  • Technical Documentation
    • Smart Contract Design & Security
  • Technical Deep Dive
  • Revenue Model
  • Appendix
    • Conclusion
  • References
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  • Tier Structure
  • Reward Distribution
  • Benefits Breakdown
  1. Platform Structure

Tier System

PreviousCheck TypesNextMulti-Chain Support

Last updated 21 days ago

The Checks Platform features an innovative tier system specifically designed to reward and engage holders of its native token. At its core, the platform leverages smart contracts to automate and secure the staking process, ensuring transparency and fairness for all participants. When users stake CHECK tokens by minting Yield Checks, they are sorted into distinct tiers, each offering progressively greater and exclusive benefits as their level of participation increases.

This tiered approach not only incentivizes deeper engagement by scaling rewards exponentially from lower to higher tiers, but also aligns with best practices seen across leading DeFi platforms, where higher commitment leads to enhanced rewards and influence within the ecosystem.

Tier Structure

Tier 1 — Bronze (Bronze Badge)

Staked CHECK: 1 - 999,999

  • Governance Voting Rights

Tier 2 — Silver (Silver Badge)

Staked CHECK: 1,000,000 - 2,499,999

  • Governance Voting Rights

  • 1.5% Platform Rewards

  • 5 Weeks Staking Maturity

Tier 3 — Gold (Gold Badge)

Staked CHECK: 2,500,000 - 9,999,999

  • Governance Voting Rights

  • 3.5% Platform Rewards

  • 4 Weeks Staking Maturity

  • Enhanced Staking Benefits

Tier 4 — Diamond (Diamond Badge)

Staked CHECK: 10,000,000 - 24,999,999

  • Governance Voting Rights

  • 7.5% Platform Rewards

  • 3 Weeks Staking Maturity

  • Enhanced Staking Benefits

  • Paychain Private Sale Eligibility

Tier 5 — President (Red Badge)

Staked CHECK: 25,000,000 - 49,999,999

  • Strategic Governance Authority

  • 12.5% Platform Rewards

  • 2 Weeks Staking Maturity

  • Enhanced Staking Benefits

  • VIP Executive Benefits

  • Paychain Private Sale Eligibility

Tier 6 — Chairman (Blue Badge)

Staked CHECK: 50,000,000+

  • Strategic Governance Authority

  • 25% Platform Rewards

  • 1 Week Staking Maturity

  • Enhanced Staking Benefits

  • VIP Executive Benefits

  • Paychain Private Sale Eligibility

Reward Distribution

A grand total of 50% of all platform fees and generated revenue is shared with users holding Yield Checks, which can only be created by staking the CHECK token. This income flow is distributed proportionally to holders, based on their staked amount and corresponding tier level.

Benefits Breakdown

  • Governance Voting Rights: Ability to vote on platform proposals and changes

  • Platform Rewards: Percentage share of platform fees and revenue streams

  • Staking Maturity: Time period before staked tokens begin earning rewards

  • Enhanced Staking Benefits: Additional rewards such as NFT distributions, CHECK token allocations, or token distributions from project partners

  • Strategic Governance Authority: Higher weight in governance decisions and ability to propose strategic initiatives

  • VIP Executive Benefits: Premium features including no platform fees, early access to new features, private community invitations, and more

  • Paychain Private Sale Eligibility: Special access to the Paychain (PAY) private sale, a future blockchain to be developed by Paycheck Labs

This innovative platform tier model ensures that users who stake larger amounts of CHECK receive increased platform benefits, driving strong demand for the native token and aligning incentives between the platform and its highly valued stakeholders.