What is Covalent (CQT)? Blockchain Data for the New Economy

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Bittime  - Covalent (CQT) is a decentralized data infrastructure platform designed to unlock the full potential of blockchain. This platform allows developers and investors to access and analyze blockchain data easily and efficiently.

What is Covalent (CQT)?

Covalent (CQT) provides a unified API that allows users to access data from multiple blockchains, including Ethereum, Bitcoin, and Polygon . The platform also provides tools and services to help developers build better decentralized applications ( dApps ) and investors to make more informed investment decisions.

Covalent (CQT) Key Products & Features

• Unified API: Covalent provides a single API that allows users to access data from multiple blockchains.
• Analysis Tools: Covalent provides a variety of analysis tools to help users understand blockchain data.
• Data Services: Covalent provides a variety of data services to help developers build better dApps.
• Data Marketplace: Covalent provides a data marketplace where users can buy and sell blockchain data.

What Are CQT Tokens?

CQT is a utility and governance token used in the Covalent (CQT) ecosystem. CQT tokens are used for:

• Paying API fees: Users must use CQT tokens to pay Covalent API fees.
• Governance: CQT token holders can participate in Covalent's governance by voting on proposals that will improve the platform.
• Staking: CQT token holders can stake their tokens to earn rewards.

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Tokenomic Covalent (CQT)

• Maximum Supply: 1,000,000,000 CQT
• Circulating Supply: 634,051,477 CQT
• Market Cap : IDR 2,717,992,666,389 (as of 26 February 2024)
• Token Distribution:
  • 30% - Covalent Team
  • 25% - Public Sale
  • 20% - Ecosystem
  • 15% - Reserve Fund
  • 10% - Advisor

Covalent Fundamental Analysis (CQT)

Covalent has several strong fundamentals, including:

• Experienced team: The Covalent team consists of experienced professionals in the blockchain industry.
• Innovative technology: The Covalent platform uses innovative technology to provide easy and efficient blockchain data access.
• Thriving community: Covalent has a thriving community of over 100,000 users.

Comparison of Covalent (CQT) & Competitors

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Covalent Founder & Team (CQT)

Covalent was founded by Ganesh Swami and Levi Aul. The Covalent team consists of experienced professionals in the blockchain industry.

Public Opinion About Covalent (CQT)

Public opinion about Covalent is generally positive. Many people believe that Covalent (CQT) has the potential to become the leading data infrastructure platform for blockchain.

Covalent Conclusion (CQT)

Covalent is a decentralized data infrastructure platform that has the potential to unlock the full potential of blockchain. The Covalent (CQT) platform has several strong fundamentals, including an experienced team, innovative technology, and a growing community.

How to Buy Crypto on Bittime

You can buy and sell crypto assets in an easy and safe way via  Bittime .  Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on  Bittime ,  make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into  your wallet . For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Learn  Complete Guide How to Buy Crypto on Bittime .

Monitor price chart movements  for Bitcoin (BTC) ,  Ethereum (ETH ) ,  Solana (SOL)  and other cryptos to find out today's crypto market trends in real-time on Bittime.

Also Read:

What is Ethernity (ERN)? A New Way to Explore the World of Authentic NFTs

What is Kin (KIN)? Building an Open and Inclusive Digital Economy

What is Vertex Protocol (VRTX)? Bridge Between Blockchains So Transactions Are Easy

DISCLAIMER: This article is informational in nature and is not an offer or solicitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.