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Program Settlement

Settlement is the final step: converting your escrow (chXXX) tokens into the actual airdropped tokens. For projects launching on a chain we do not natively settle the tokens on, Checkpoint uses LayerZero v2 to coordinate distribution across chains seamlessly.

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What is Settlement?

Settlement is the process that happens after TGE (Token Generation Event) where:
  1. The project token launches on one or more blockchains
  2. Checkpoint activates settlement for that points program
  3. Escrow tokens convert to the actual airdropped tokens at a determined ratio
  4. Users can claim their tokens on the any supported chain
Escrow tokens conversion is only one way and CANNOT be reversed.

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The Timeline

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Settlement

For projects launching on the same chain we natively settle on (Gravity Chain), users simply interact with the Settlement.sol contract. Users can either claim the distribution directly via claimDistribution() or they can wait for an airdrop to their wallet which will be announced by Checkpoint well in advance if done so.
You will receive both collateral back and the tokens on Gravity Chain.

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Settlement on another chain

For projects launching on a different chain, users must interact with the RemoteSettlement.sol contract on that relevant chain. Checkpoint will take a snapshot of the escrow tokens and TGE tokens distribution beforehand and will store this onchain on Settlement.sol. Then anyone can permissionlessly send the message to the RemoteSettlement.sol contract on the relevant chain via the sendSettlementMessage() method on Settlement.sol. Just like with the same chain settlement, users can either claim the distribution directly via claimDistribution() or they can wait for an airdrop to their wallet which will be announced by Checkpoint well in advance if done so.
You may have to bridge the escrow tokens to the relevant chain before claiming.
You will receive collateral back on Gravity Chain and the tokens on the relevant chain.