icon - Covalent
CQT Covalent
+ 2.6%
$ 0.15482675
Volume 24h
Circulating supply
Change 24h
Graph (7d)
  • 323
    $ 0.15482675
    $ 82,076,762
    $ 934,054
    530,120,038 CQT
    + 2.6%
What is the meaning of covalent?
Covalent uses big-data technologies to create meaning from hundreds of billions of data points, deliver actionable insights to investors, and allow developers to allocate resources to higher-utility goals within their organization.
Covalent gathers information from dozens of sources, instead of relying on a small group of chains. Current and historical investment performance across all types of digital assets can be found in the CovalentAPI.
The next phase of Covalent will allow the network to be owned and operated by its users, after we achieved product-market fit.
The native token of the Covalent Network is CQT.
token holders vote on changes to the system parameters
CQT is a staking asset.
CQT is a network access token that is used to fulfill data queries.
The developer resources include:
There are extensive guides on how to use the Covalent API in the Covalent Knowledge Base.
There is a documentation at www.covalenthq.com.
There are concurrent use cases.
There are concurrent use cases.
The majority of the use-cases are unknown, and we are always surprised at how developers and partners use the data.
Having access to the data helps firms be compliant. Defi protocols, such as 0x and Zerion, use the CovalentAPI to pull real-time, granularBlockchain data. Covalent is a critical infrastructure piece for these projects because they can pull wallet specific data and expand their service to display data across multiple chains.
In the case of Zerion, the exact data the DeFi investment dashboard is pulling ranges across multiple chains and includes transactional data, as well as a user's token balances and transaction history.
It has become more important for NFT projects to be able to provide a means of analysis as the popularity of NFTs has boomed over the past number of months. Covalent has become the leading NFT data provider because of the Covalent API.
Reliable and real-time data is critical in making informed decisions, facilitating governance, and allowing individuals to invest, consume, and participate in the DAO phenomenon. It should come as no surprise that the Covalent is being used by DAOs.
Who are the people who started Covalent?
Covalent is built by an experienced team of data scientists and database engineers who are passionate about improving and scaling blockchain technologies. The CEO and co-founder is a physicist who started his career in the pharmaceutical space. His first company is listed on the New York Stock Exchange.
More information about the team can be found on the website.
Where can I buy Covalent's query token?
CQT is available for trading on a growing number of exchanges.
Are you new to cryptocurrencies?
The Ico phenomenon.