Covalent Coin Price & Market Data
Covalent price today is $0.678672 with a 24-hour trading volume of $4,052,048. CQT price is down -18.7% in the last 24 hours. It has a circulating supply of 130 Million CQT coins and a total supply of 1 Billion. If you are looking to buy or sell Covalent, Gate.io is currently the most active exchange.
What is Covalent?
Covalent is a blockchain data provider for data points such as transactions, wallet balance, NFTs, DeFi data, and more through an API.
In a single unified API interface, developers will be able to obtain data not just from the Ethereum blockchain, but other blockchains as well such as BSC, Polygon, Avalanche, Fantom, Moonbeam, and more.
The project is backed by investors such as Woodstock Fund, 1kx Capital and Mechanism Capital, Binance Labs, Coinbase Ventures, Delphi Ventures, Hypersphere Ventures, and other ecosystem partners. A public sale round on CoinList was held and a successful $10 million in funding was closed.
What is CQT?
CQT is the governance token for Covalent in which token holders can vote on proposals to change the system parameters. It will also be used as a staking asset.
Who are the founders of Covalent?
Covalent was founded by Ganesh Swami (CEO) and Levi Aul (CTO). Both came from data scientists background with experience building large scale database.