CQT
No. 315
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Covalent provides a unified API bringing visibility to billions of blockchain data points. It has a single API which allows users to pull detailed, granular blockchain transaction data from multiple blockchains with no code. Technology strengths: (1) Data availability; (2) Composability; (3) Multi-blockchain support; (4) No code solution. Covalent is a critical infrastructure component of its partner blockchains they support. Covalent works closely with the technical and business teams at these blockchains to ideate, plan and execute a turn-key solution for developers building on top of their blockchains. Covalent now supports Ethereum, BSC, Matic, Fantom, Arbitrum, RSK, and Avalanche.
1kx, Alameda Research, Delphi Digital, Hashed, Spark, etc.
Token application: Covalent Query Token (CQT) is the native token of the Covalent Network. (1) CQT is a governance token, whereby token holders vote on proposals to change the system parameters. (2) CQT is a staking asset. Validators will earn fees for answering queries. (3) CQT is a network access token which fulfill data queries for users of the API. Token distribution: Seed: 10% Ecosystem : 20.0% Private Sale : 20.4% Staking : 8.0% Private Sale ll: 2.9% Reserve : 18.9% Public Sale: 3.4% Advisors : 2.0% Team: 14.4%
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