The CheckDot Expansion Continues

3 min readApr 9, 2023

CheckDot arrives on Arbitrum

CheckDot (CDT) received a great response when it was integrated into the Ethereum network on February 1, 2023. Since then, CDT wants to continue its expansion to new networks.

Announcement

Today, the CheckDot team is pleased to announce that CDT is coming to Arbitrum. This marks an important milestone for the project, as Arbitrum is one of the most popular layer 2 scaling solutions for Ethereum, offering faster and cheaper transactions.

Arbitrum

The CheckDot team believes that bringing CDT to Arbitrum will not only benefit the current holders, but will also attract new investors to the project. To ensure that liquidity is readily available, the team plans to create a liquidity pool on Uniswap V3 with a 1% commission, moving about 35% of the liquidity from Binance’s Smart Chain.

Dex’s Liquidity Fees Explaination

To explain in detail the idea we decided to apply a 1% liquidity provider fee on decentralized and compound exchanges to decrease the number of trading and front-runner bots that are often present on small projects.

Collected fees will be used for marketing operations, insurance pools and project development.

0.5% — Insurance Pools Adjutant
0.5% — Project Development and Marketing Operations

The fee will be applied on Uniswap V3 and Pancakeswap V3.

Expansion never stops

We plan to integrate CDT into Polygon and Aptos in the near future.

These initiatives demonstrate our commitment to growing and developing the project, with the goal of making it accessible to new markets.

FireFox / Chrome Extension

We are glad to present you our newly born extension “CheckDot Trust Score” which is available on Google Web Store and FireFox Addons.

We talked about it during our first AMA and now it is finally implemented.

Currently, this tool allows users to have Trust Score information directly visible on crypto data aggregators Coinmarketcap and Coingecko.

Thank you Ihor Siryi (member of the CheckDot community) for your contribution to this achievement.

Final note

The CheckDot team want to express its gratitude for the support received from the community and development team, without which none of this would be possible.