Ganesh (Covalent’s co-founder) had the opportunity to speak to a group of DeFi enthusiasts last week in Toronto on sustainable business models in the blockchain chain.
Co-founder, CEO, Covalent
Disclaimer: This blog post describes methodologies for calculating CQT supply and market capitalization on third-party websites. We are not responsible for any CQT metrics reported by these or other websites. We encourage you to please read this post, our CQT token economics page, and do your own research on Etherscan!
TL;DR: Covalent is providing additional granularity on circulating supply. There is no change to CQT supply reported on Covalent’s website; nevertheless, two third-party websites, Coingecko and CoinMarketCap have updated the circulating supply of CQT and as a result the market cap that they calculate as well.