What is Covalent (CQT)?

Website: https://www.covalenthq.com/

Maximum Supply: 1,000,000,000 CQT

Total Supply: 1,000,000,000 CQT

Circulating Supply: 49,665,076 CQT

Explorer: Covalent Explorer

Whitepaper: Covalent Whitepaper

What is Covalent (CQT)?

Covalent leverages big data technologies to create meaning from hundreds of billions of data points. Rather than laboriously supplying data from a small handful of chains, it gathers information from dozens of sources, including nodes, chains, and data streams. Covalent feeds its users with personalized data on a wallet-by-wallet basis, including current and historical investment performance across all types of digital assets. Most importantly, Covalent combines all relevant data in a single API interface, returning that data quickly and consistently.

CQT is the local (master) token of the Covalent Network. It has three main purposes:

1.CQT is a governance token where token holders vote on proposals to change system parameters.

2.CQT is a staking asset.

3.CQT is a network access token that handles data queries for API users.

Who is Covalent (CQT) Founder?

Covalent was created by a team of data scientists and blockchain and database engineers experienced in developing and scaling blockchain technologies. CEO and Co-Founder, Ganesh Swami is a highly trained physicist and started his career in the pharmaceutical field by designing algorithms for cancer drugs. Levi Aul, CTO and Co-Founder, founded one of the first Bitcoin exchanges in Canada and was part of the team at IBM that created CouchDB.