Covalent Price

Introduction to Covalent (CQT) cryptocurrency

Covalent is a decentralized data project aimed at providing structured data for blockchain. The project has built the world's largest structured database, indexing over 225 blockchains, including all transactions, cleaned, standardized, and encrypted.

Main features:

1. Infrastructure token: CQT is the platform token of the Covalent network, providing incentives for interaction between users. Validators who provide data each time an API query is completed will receive rewards in CQT.
2. Indexing and hosting: The Covalent network indexes and hosts blockchain data, providing structured and reliable data services to users.
3. Community engagement: The Covalent community is very active, with members like Mint Ventures creating comprehensive guides showcasing their dedication and potential for 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 a new token, CXT, issued at a 1:1 ratio with CQT, aimed at strengthening the narrative and providing more liquidity.

Summary: Covalent is a decentralized project providing structured data for blockchain, powered by its platform token CQT for user interaction. The project is undergoing technological and market strategy changes to achieve growth and development of the network.