Covalent

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 Knowledge Base() for extensive guides on how to use the Covalent API. 

Covalent API Documentation().