Since its inception in early 2021, CheckDot has rapidly evolved into a prominent player in the blockchain space. Through meticulous planning and a strong commitment to innovation, CheckDot has achieved significant milestones and continues to push the boundaries of decentralized verification and insurance. Here’s an overview of CheckDot’s journey, accomplishments, and ambitious plans for 2024.

Introduction

CheckDot has emerged as a trailblazer in the blockchain industry, focusing on decentralized verification and insurance. These services are crucial for enhancing security, transparency, and trust within the blockchain ecosystem. By leveraging advanced technologies and strategic partnerships, CheckDot aims to revolutionize the way verification and insurance are conducted in the decentralized finance (DeFi) space.

2021: Laying the Foundations

Q1-Q2

In the first half of 2021, CheckDot was established and quickly launched a web landing page to provide essential information about its services. During this period, the company released CheckDot’s Lite Paper and created a web dashboard interface to showcase its offerings. Preparing for the project launch, CheckDot developed the CDT contract for deployment on the Binance Smart Chain (BSC) and opened an open-source GitHub repository.

Q3

In the third quarter, CheckDot successfully deployed the CDT token on the BSC main-net and prepared a decentralized application on the Ropsten network to present its project services. The security of the CDT token contract was assessed by QuillAudit, ensuring a secure environment for users.

Q4

CheckDot introduced a Uniswap pool for its token via the Unicrypt presale and conducted an AMA to introduce its platform services. The company deployed the smart contract audit verification service on the BSC main-net. By listing the token on multiple cryptocurrency exchanges, CheckDot increased its value and liquidity, aiming to partner with five exchanges.

2022: Expanding and Innovating

Q1

In the first quarter of 2022, CheckDot initiated partnerships with other DeFi projects, aiming to integrate its services into these projects’ applications. The company also published the decentralized verification version 2 and deployed a staking decentralized application on the BSC main-net.

Q2

Focused on innovation, CheckDot’s team researched the development of an insurance protocol while continuing to establish partnerships within the DeFi space.

Q3

In the third quarter, CheckDot deployed its insurance protocol on the BSC blockchain, marking a significant step forward in its service offerings.

Q4

CheckDot expanded its token contract to the Ethereum blockchain and began preparing bridges to extend the project across multiple chains. Marketing operations, including AMA sessions and video content creation, increased the company’s media presence.

2023: Integration and AI Advancements

Q1

The Ethereum-BSC bridge was released, enabling users to analyze crypto projects on ETH, BSC, and AVAX for free. CheckDot introduced a feature to visualize the part distribution of total supply for various tokens and trained an AI model to analyze emerging project websites. This AI could find hidden links in dynamic frameworks, aiding in the validation of project reliability.

Q2

CheckDot launched a new application (tracker.checkdot.io) to simplify project analysis. The company temporarily discontinued the creation of a decentralized trading betting tool and the digital agency in the Metaverse due to market conditions and pending technological advancements. However, CheckDot added eight new bridge insurance products and protocols, enhancing its insurance offerings.

Q3-Q4

In the latter half of the year, the CDT token was introduced on the Aptos network, and discussions commenced for creating a liquidity pool on LiquidSwap. All applications were consolidated into a single platform available on checkdot.io. CheckDot developed an AI macro for smart contract-based claim validation and researched profitability linked to Proof of Stake and Proof of Burn consensus mechanisms. The implementation of an EVM blockchain-compatible RPC library facilitated compatibility with existing web3 interactions.

2024: Future Innovations

Q1-Q4

Looking ahead, CheckDot’s roadmap for 2024 focuses on developing a tentacular hyper-connected blockchain to enhance CDT token usability across all available networks. This blockchain will allow transfers between different wallets and blockchains, marking a significant technological leap. Market research and algorithm development aim to create cost-saving middleware services for popular DeFi applications. CheckDot also plans to expand on blockchains like Solana, Base, Optimism, Massa, and more, ensuring its presence in the most prominent and emerging blockchain ecosystems.

Summary

CheckDot’s journey from 2021 to 2024 is a testament to its dedication to decentralized verification, security, and insurance within the blockchain sphere. The company’s continuous innovation, strategic partnerships, and technological advancements have positioned it as a key player in the DeFi landscape. As CheckDot forges ahead, its commitment to integrating AI and expanding blockchain compatibility promises to drive further growth and adoption in the decentralized ecosystem.

The author does not own or have any interest in the securities discussed in the article.