Covalent $CQT

Covalent is a unique project that uses big-data technologies to create actionable insights from hundreds of billions of data points. This advanced approach allows developers to allocate resources towards more valuable tasks within their organizations, and offers investors valuable insights. Covalent's technology not only collects data from numerous chains and data feeds, but also provides individualized data by wallet to end-users. Current and historical performance of various digital assets can be derived from this data, all provided through Covalent's consistent and efficient API interface.

Covalent's Approach to Data Aggregation

Covalent takes a unique approach to data sourcing by gathering information from dozens of sources including nodes, chains, and data feeds. Instead of limiting to a few chains, this wide source range allows Covalent to cover an expansive array of data points and information. The Covalent API then serves end-users with specified data by wallet, sharing both current and historical investment performance across a variety of digital assets. This rapid and consistent delivery of data, incorporating all necessary details within a single API interface, sets Covalent apart in the crypto project landscape.

Funding and Development of Covalent

Covalent has been developed with the support of a global community and funded through two private sales. The first sale was jointly led by investors Woodstock Fund, 1kx Capital, and Mechanism Capital. The second sale was spearheaded by Hashed, with contributions from Binance Labs, Coinbase Ventures, Delphi Ventures, Hypersphere Ventures, and various other ecosystem partners. Recently, Covalent secured $10 million in funding through a CoinList Public Sale, which also introduced the Covalent Query Token, CQT, to the public for the first time.

Covalent Query Token (CQT)

The Covalent Query Token, or CQT, is an integral part of the Covalent project, having been introduced to the public during a recent funding round. This token is set to play a significant role in the Covalent ecosystem and will be instrumental in enabling users to interact with the Covalent platform. With the successful funding and buzz surrounding CQT, the future of Covalent looks promising.