Covalent Price

Introduction to Covalent (CQT) cryptocurrency

Covalent is a decentralized data project that aims to provide structured data for blockchain. The project has built the world's largest structured database, indexing over 225 blockchains, including all transactions, cleaned, normalized, and encrypted.

Main features:

1. Infrastructure Token: CQT is the platform token of the Covalent network, providing incentives for interactions between users. Validators providing data rewards will receive CQT each time an API query is completed.
2. Indexing and Hosting: The Covalent network indexes and hosts blockchain data, providing users with structured and reliable data services.
3. Community Engagement: The Covalent community is very active, with community members like Mint Ventures creating detailed guides showcasing their dedication and potential to the project.
4. Technology and Market Strategy: Covalent is undergoing significant technological, economic, and governance changes to position the network for growth. This includes launching the new token CXT, issued at a 1:1 ratio with CQT, to strengthen the narrative and provide more liquidity.

Summary: Covalent is a decentralized project providing structured data for blockchain, driven by its platform token CQT for interactions between users. The project is undergoing changes in technology and market strategy to achieve growth and development of the network.