Covalent (CQT) now available on BCM!

May 21, 2024

We are pleased to announce that Covalent is now available on the BCM trading platform. Covalent differentiates itself by offering a unified API that provides access to data from all blockchains, allowing developers to effortlessly retrieve and use detailed block-level data. This functionality is crucial for developing more complex and responsive decentralized applications (dApps). Covalent aims to simplify interaction with blockchain data, making it more efficient and accessible to a wide range of use cases within the crypto ecosystem.

Key features of Covalent:

  • Unified API: Covalent provides one API for accessing data from all blockchains, significantly simplifying the development of dApps.
  • Deep Data: Covalent retrieves detailed and historical blockchain data, essential for analysis and decision-making.
  • Essential for Developers: Covalent's data solutions are vital for developers looking to build more complex dApps, with real-time responsiveness and extended functionality.

The CQT Token:

CQT is central to the Covalent network and serves three primary purposes:

  1. Governance: CQT token holders have voting rights on proposals that change system parameters, ensuring decentralized decision-making within the network.
  2. Staking: Validators can stake CQT and earn fees for answering queries, contributing to network security and efficiency.
  3. Network access: CQT fulfills data queries for users of the API, making it an essential part of network functionality.