What is Covalent (CQT)?

Covalent is a blockchain data indexing company. Covalent is a single, unified API for fast, scalable historical blockchain data across 200+ chains. Scaling blockchain data access can be difficult. Traditional methods like running or utilizing public blockchain nodes are often costly and restrictive. Alternative options involve crafting specialized, complex SQL queries, with developers sometimes having to wait for data indexing and availability. These hurdles create friction that impedes the growth and acceptance of Web3.

Who Created Stader？

Covalent was established by serial entrepreneurs and data engineers. Ganesh Swami and Levi Aul are the co-founders of the company. Ganesh is a serial entrepreneur specialising in the field of big data analytics. Levi is the CTO at Covalent and has extensive experience in ETL pipelines and data architectures.

How Does Covalent Work?

The Covalent Unified API, which is RESTful, offers a cohesive method for retrieving blockchain data, ensuring consistency in the format of requests and responses. For instance, developers can obtain the token balances of any address across over 200 supported networks by simply modifying the network's unique name in the URL. This integrated method allows developers to seamlessly integrate the API a single time and automatically enjoy the advantages of support for additional networks, enhanced endpoint performance, and further advancements.

Tokenomics

Token Utility

Covalent Query Token (CQT) is the utility and governance token of the Covalent Network.

• Governance
• Making Queries
• Staking Rewards
• Staking and Validating

Token Distribution

Total Supply: 10,000,000,000
Token Distribution:
Seed: 10%
Private Sale: 20.4%
Private Sale 2: 2.9%
Public Sale: 3.4%
Team: 14.4%
Advisors: 2.0%
Reserve: 18.9%
Staking: 8.0%
Ecosystem: 20.0%