Covalent (CQT) cryptocurrency introduction
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:
- Infrastructure token: CQT is the platform token of the Covalent network, providing incentives for interaction between users. Validators providing data verification will receive rewards in CQT for each completed API query.
- Indexing and hosting: Covalent network indexes and hosts blockchain data, providing users with structured and reliable data services.
- Community engagement: The Covalent community is very active, with community members like Mint Ventures creating detailed manuals showcasing their dedication and potential to the project.
- Technology and market strategy: Covalent is undergoing significant technological, economic and governance changes to position the network for growth. This includes the launch of a new token CXT, issued in 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, incentivizing user interaction through its platform token CQT. The project is undergoing changes in technology and market strategy to achieve network growth and development.