Covalent and CQT Frequently Asked Questions

This page is last updated: 05/17/2021

We are receiving a lot of questions and feedback about Covalent especially regarding the Covalent as a community and its products, the Coinlist CQT Sale, community events, and the future of Covalent.

This FAQ page aims to answer all of those questions.

ABOUT COVALENT

One Unified API, One Billion Possibilities. This line says it all.

If you want to learn more, it is best to navigate through the website https://www.covalenthq.com/. There is also a video you can watch there.

Read this article for a competitive analysis between the two: https://www.covalenthq.com/covalent-vs-graph/

  • Complete Granular Visibility — Covalent has indexed and decoded entire blockchains making it available to the developer via a unified API. Visibility to billions of blockchain data points for every single wallet.
  • Multiple Blockchains Supported — The same API works across 13 different blockchains and counting. Developers cut down time to market from 2 weeks to a matter of hours with Covalent.
Blockchains Currently Supported
  • A Marketplace for Use-Cases — Developers can create their own API endpoints for their projects and list them on the marketplace for others to consume. — coming soon
  • No Code Solution — Covalent does not require the developer to write indexing code or understand the nuances of blockchain data structures. Approachable to a non-technical user.
  • Decentralized Indexing-Querying Middleware — The Covalent network features a fully decentralized storage and compute layer with low fees and high throughput.
  • Low Refresh Rate — The fastest and lowest refresh rate at only 30 seconds!
  • 100+ projects building with Covalent

Some that are currently in-use

  1. Reef Finance’s DeFi Analytics Protocol
  2. Chain Guardian’s migration from Infura & Etherscan to Covalent.
  3. Zerion’s DeFi portfolio platform for BSC and Polygon(MATIC)
  4. NFTX’s NFT gallery

Watch this teaser video: https://www.youtube.com/watch?v=Gl9CxnMqpUs

Sneak-peek on how the Covalent Block Explorer will look like

First you have to get your very own API key.

You can register from below to get an API key: https://www.covalenthq.com/platform/#/auth/register/

You can find the docs here: https://www.covalenthq.com/docs/api/#overview

You can ask for help from our esteemed individuals, devs and non-devs alike.

Join here: https://discord.com/invite/fgZPpq69Dd

ABOUT THE TOKEN

CQT is the native token of the Covalent Network.

  • As a Governance Token — token holders can vote on proposals to change the system parameters.
  • As a Staking Asset — Staked CQT earns a variable 3%-20% in rewards based in the amount staked in the network. This reward amount is not guaranteed.
  • As a Network Access Token — CQT can be used to access the Covalent Network to fulfill data queries for users of the API.
  • As a fee — Validators will earn fees for answering queries.

Type: ERC20
Ticker: CQT
Total Supply
: 1 Billion CQT

Estimated Circulating Supply over time
CQT Allocation

ABOUT THE TOKEN SALES

Some notable participants for the funding periods were Binance Labs, WoodStock, Alameda Research, Coingecko, etc.

Find them all here: https://www.covalenthq.com/about/#backers

We cannot control individual purchaser behavior. However, all the participants in the early private sales were carefully screened for long-term alignment and support of the Covalent Network vision and mission. The private purchasers are committed for the long-term and intend to unlock much more additional value than the increase in value between the private sale and public sale. This is not financial advice!

Watch our CEO, Ganesh explaining most of these: https://www.youtube.com/watch?v=DC7Ek-w_Tdc&t=654s

Check this out: https://www.notion.so/CQT-Sale-on-CoinList-FAQ-c85dd022fbb24f5c8f96ed37a0f09879

Please contact the Coinlist team HERE or send them an email at team@coinlist.co .

Tokens are expected to be distributed within 30 days from May 6 until June 6(on or around this date). You will receive an email from CoinList or from Covalent on how to claim your tokens.

Some tokens are subject to a release schedule. Please check the release schedule from above and below.

Token Emission

80,379,902 CQT

Options 2 and 3 will be released every month(end of the month) until 12th and 24th month, respectively.

*Example, if the TGE date is June 6, then Options 2 and 3’s first release will be on June 30(end of month), July 31, August 31 and so on.

We can’t control investor’s behavior thus we can’t predict the price. We suggest reading again above if you are worried about its future value.

There are no info on this yet. To be announced soon. Please be wary of people or platform claiming you can currently buy CQT.

Again, no info on this yet.

CQT contract address is not yet released. Any contract addresses you can find and undisclosed by us as of now are scam. Please be vigilant.

Speculating price is not our game. It’s you guys which give value to the Covalent Ecosystem, while we deliver. We are more focused on Covalent itself, and not the price.

We suggest you to stay a little longer and you will see what we are talking about.

None. Maybe soon.

No, we are not in any way affiliated with those markets unless we give announcements about it. IOUs are speculative and does not reflect what the future value of CQT will be.

We are not in any way affiliated with Covalent.ai.

Please note that the official ticker of our Covalent is CQT and this is our logo.

CQT Logo

Coinmarketcap: https://coinmarketcap.com/currencies/covalent/
Coingecko: https://www.coingecko.com/en/coins/covalent

ADDITIONAL INFO

You can download a pdf of the whitepaper here (note: this page is currently behind a geo-fence preventing US IP addresses from viewing): https://www.covalenthq.com/static/documents/Covalent Whitepaper Apr 2021 v1 Branded.pdf.

To be released.

The Alchemist Ambassador Program is the way the community can get involved in supporting Covalent while receiving rewards for their contributions.

Watch this video by our CEO @3:30 to learn more about the ambassador program: https://www.youtube.com/watch?v=JFkj4UICuho&t=216s

Also, Season 4 is currently ongoing and everyone are free to apply. Register HERE.

Join our Official Announcement Telegram Channel here.

Yes, there are!

Check this out: https://www.notion.so/Social-Channels-Communities-e609545c8f27495087d087239be234ee

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Zoren Lorenzana

Zoren Lorenzana

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