CQT

CovalentCQT

Rank #655
Token
On 39,269 watchlists

Covalent Price (CQT)

$0.9019
10.29%

0.00001701 BTC4.30%

0.000216 ETH2.92%

Low:$0.898
High:$1.01
24h
CQT  Covalent CQT
Price:
$0.9019
 10.29%
Market Cap
$44,792,198
10.29%
Fully Diluted Market Cap
$901,885,227
10.29%
Volume
24h
$6,182,454
14.05%
Volume / Market Cap
0.138
Circulating Supply
49,665,076.00 CQT
5%
Max Supply
1,000,000,000
Total Supply
1,000,000,000
Sponsored

Covalent to USD Chart

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CQT Price Live Data

The live Covalent price today is $0.901885 USD with a 24-hour trading volume of $6,182,454 USD. We update our CQT to USD price in real-time. Covalent is down 10.29% in the last 24 hours. The current CoinMarketCap ranking is #655, with a live market cap of $44,792,198 USD. It has a circulating supply of 49,665,076 CQT coins and a max. supply of 1,000,000,000 CQT coins.

If you would like to know where to buy Covalent, the top cryptocurrency exchanges for trading in Covalent stock are currently OKEx, FTX, KuCoin, Gate.io, and ZT. You can find others listed on our crypto exchanges page.

What Is Covalent (CQT)?

Covalent leverages big-data technologies to create meaning from hundreds of billions of data points, delivering actionable insights to investors and allowing developers to allocate resources to higher-utility goals within their organization.

Instead of painstakingly sourcing data from a small handful of chains, Covalent aggregates information from across dozens of sources including nodes, chains and data feeds. The Covalent API then sources end-users with individualized data by wallet, including current and historical investment performance across all types of digital assets. Most importantly, Covalent returns this data in a rapid and consistent manner, incorporating all relevant data within one API interface.

Having achieved product-market fit, we are now planning to execute the next phase of Covalent, which is a progressive decentralization that will enable the Covalent Network to be owned and operated by its users. Of course, a critical piece to this is CQT.

CQT is the native token of the Covalent Network. It has three primary purposes:

  • CQT is a governance token, whereby token holders vote on proposals to change the system parameters.

  • CQT is a staking asset. Validators will earn fees for answering queries.

  • CQT is a network access token that fulfills data queries for users of the API.

Developer resources include:

Covalent Use Cases

Covalent Use Cases

The bulk of the use-cases are as-of-yet unknown, and we are constantly surprised at the multitude of ways developers and our partners use the data.

  • Taxes: Every single DeFi action is a taxable event and having access to this data helps firms be compliant. If a trader uses Coinbase, they can quickly download a CSV of their trade data - besides Covalent, there is no such thing for a decentralized exchange like Uniswap or 1inch.\
  • DeFi: DeFi protocols, such 0x and Zerion to name a few, use the Covalent API to pull real-time, granular blockchain data. What makes the Covalent API such a critical infrastructure piece for these projects is that not only can they pull wallet specific data, but they expand their service to display data across multiple chains. This significantly enhances their product offering and fundamentally improves the user experience.

In the case of Zerion, the exact data the DeFi investment dashboard is pulling ranges across multiple chains including Polygon, BSC and Ethereum and includes transactional data, as well a user's token balances, and transaction history.

  • NFTs: As the popularity of NFTs has boomed over the past number of months, it has become increasingly important for NFT projects to be able to provide a means of analysis. Given that the Covalent API provides such, Covalent has become the leading NFT data provider. NFT projects such as ChainGuardains and Ethermon are now using the Covalent API to not only power novel features specific to each project, but to again improve the user experience.

  • DAOs: Reliable and real-time data are 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 then that DAOs are using the Covalent API. Individuals can use the API to view and examine proposal interactions so that one can understand how active members are in creating proposals and voting on them as well as if members are voting for, or against proposals in general.

Who Are the Founders of Covalent?

Covalent is built by an experienced team of data scientists and blockchain and database engineers passionate about improving and scaling blockchain technologies. Ganesh Swami, CEO and Co-founder, is a physicist by training and started his career designing algorithms for cancer drugs in the pharmaceutical space. His first company is listed on the NYSE. Levi Aul, CTO and Co-founder, built one of the first Bitcoin exchanges in Canada and was part of the team that built CouchDB at IBM.

More information about the team can be found at https://www.covalenthq.com/about/

Where Can I Buy Covalent's Query Token (CQT)?

CQT is available for trading on a growing number of exchanges, with cryptocurrency and USDC pairs currently available.

New to cryptocurrency? Read CoinMarketCap's easy guide to buying Bitcoin or any other token.

(ICO) phenomenon.

CQT to USD Converter

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CQT Price Statistics

Covalent Price Today
Covalent Price$0.9019
Price Change24h$-0.1035
10.29%
24h Low / 24h High
$0.898 /
$1.01
Trading Volume24h$6,182,453.71
14.05%
Volume / Market Cap0.138
Market Dominance0.00%
Market Rank#655
Covalent Market Cap
Market Cap$44,792,198.35
10.29%
Fully Diluted Market Cap$901,885,227.23
10.29%
Covalent Price Yesterday
Yesterday's Low / High
$0.9017 /
$1.01
Yesterday's Open / Close
$1.01 /
$0.9183
Yesterday's Change

8.81%

Yesterday's Volume$6,074,199.34
Covalent Price History
7d Low / 7d High
$0.898 /
$1.22
30d Low / 30d High
$0.8573 /
$1.26
90d Low / 90d High
$0.8181 /
$1.66
52 Week Low / 52 Week High
$0.3146 /
$2.10
All Time High
Aug 14, 2021 (4 months ago)
$2.10
57.02%
All Time Low
Jul 21, 2021 (4 months ago)
$0.3146
186.72%
Covalent ROI
No Data
Covalent Supply
Circulating Supply49,665,076 CQT
Total Supply1,000,000,000 CQT
Max Supply1,000,000,000 CQT