What is the Checker Node License (NFT)
Last updated
Last updated
The Checker Node License, which is an ERC721 NFT, allows you to earn rewards by running a Checker Node Client. You can choose to run your Checker Node Client on your own machine, through a VPS or NaaS, or delegate to another user's machine.
Non-transferable Period
Checker Node NFT Licenses are non-transferable from the original purchase wallet for the first year after the Token Generation Event (TGE).
Transfer Start Time
Transfers will be enabled starting July-12, 2025 04:00 AM UTC
Rewards
All rewards earned before the transfer stay with the original wallet.
Tasks completed on the transfer day are voided for the original wallet.
A license must meet the >95% uptime requirement throughout the entire quarter to be eligible for the bonus rewrds. For nodes eligible for the bonus rewards, the bonus rewards are split proportionally between the original and new wallet based on the base rewards.
Delegation
The Checker will be automatically undelegated as part of the transfer process.
Restrictions
The following conditions continue to apply to transferred licenses:
The new wallet must have a valid KYC status before claiming or withdrawing rewards.
Claiming and withdrawing cannot be initiated from US and OFAC/UN-sanctioned countries, including Cuba, Iran, North Korea, Syria, Crimea, Donetsk People’s Republic, and Luhansk People’s Republic regions.
Additionally, transfers are also subject to this regional limitation.
Q: Can I transfer my license immediately after purchase?
No. Licenses are locked to the original wallet for the first year after TGE.
Q: What happens to my base rewards when I transfer my license?
All rewards before the transfer remain with your wallet. Tasks on the transfer day are voided.
Q: What happens to my bonus rewards when I transfer my license?
In each bonus reward cycle, a license must meet the >95% uptime requirement throughout the entire quarter to be eligible for the bonus rewrds.
If the license is eligible, the bonus rewards are distributed proportionally between the original and new wallet, based on each wallet’s share of base rewards earned during that cycle.
Q: Can I receive bonus rewards for a license I purchased?
Eligibility depends on the license’s uptime throughout the entire quarter to be eligible.
If the previous owner did not maintain sufficient uptime, the license may fall below the 95% threshold. In that case, you may not receive bonus rewards - even if you keep it running at full capacity after purchase.
Q: Do I need to undelegate before transferring?
No need - the system will automatically undelegate your Checker during transfer.
Q: Will the new wallet need to complete KYC again?
Only if it hasn’t already completed KYC. Otherwise, the status is recognized automatically.
Q: Where can I transfer my license?
You can use platforms like OpenSea (Checker NFTs are under the Hidden tab) or directly through your wallet. Please note that we do not offer support for third-party platforms.
Q: Are there any location-based restrictions?
Yes. Transfers are subject to IP/geographic rules. Check if your region is eligible.
If you transfer through a third-party platform, it is subject to the platform-specific rules.
Q: My wallet has been compromised. Can you help me transfer my license to a new wallet before transfers are enabled?
We understand how stressful it is to lose access to your wallet. However, due to the decentralized and anonymous nature of blockchain, we cannot verify whether a request comes from the original owner or a malicious actor. Additionally, license transfers are restricted by smart contract rules and cannot be performed before the official transfer window opens.
Please plan ahead and transfer your license to a secure and trusted wallet as soon as transfers become available (July 12 at 4:00 AM UTC).
Note: All rewards earned before the transfer will remain with the original wallet and cannot be moved.