Covalent Query Token ($CQT) Economics

The infrastructure currency powering the Indexing and Querying Protocol of Web3.

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Key Token Facts

Covalent Query Token ($CQT) is the native token of the Covalent Network. $CQT lives as an ERC20 token on the Ethereum blockchain.

$CQT is a governance token, whereby token holders vote on proposals to change the system parameters.

$CQT is a staking asset. Validators and delegators stake $CQT and earn yield to enhance the security of the Network.

$CQT is a network access token which will fulfill data queries for users of the API.

$CQT Allocation

Security is of the utmost importance.

$CQT has been audited by Quantstamp and CertiK, and all high-level issues have been addressed.

  • Quantstamp verified as of Sep 3, 2022
  • CertiK Very High Confidence as of Oct 6, 2020
  • Hacken audit as of Jan 10, 2022
  • FairyProof audit as of Mar 29, 2022
  • Safepress audit as of Aug 23, 2022

$CQT is available on

Covalent's Approach

Our mission is to empower the pioneers of tomorrow by building the richest and the most robust data infrastructure for the entire blockchain ecosystem.

Token Distribution

Covalent’s initial distribution of 1,000,000,000 tokens was designed to incentivize both the supply and demand sides of the network gradually over several years. The associated lockup and vesting schedules were implemented to reflect a commitment to shepherding the network toward long-term sustainability.

SeedPrivate salePrivate sale 2Public SaleTeamAdvisorsReserveStakingEcosystemTotal
Token Allocation100,000,000203,846,15429,305,14234,314,063143,636,03520,000,000188,898,607.1080,000,000200,000,0001,000,000,000
% of Total Supply10%20.4%2.9%3.4%14.4%2.0%18.9%8.0%20.0%100.0%
Token Price($)$0.005$0.013$0.085$0.125 - $0.35------
Amount Raised($)$500,000$2,650,000$2,490,937$9,925,809-----$15,711,746
Vesting over Months1899-240-244824455347-
Cliff in Months600-60-61213060-
25% released after 6 months, 25% released after 12 months, 25% at 15 months and 25% at 18 months25% released at TGE, 25% at 3 months, 25% at 6 months and 25% at 9 months.Varies: 25% released at a time with intervals ranging from 3 months to 6 months.Varies: no vesting for Tier 1; 12 month and 24 month vests for Tier 2 and 3 with 1 month cliffs respectively. VIP Tier: 25% released every 6 months with 6 month cliff.36 month vest; 25% earned at 1 year cliffvest between month 13 and 246.25% released at TGE, 6.25% at 3 months, 6.25% at 6 months and 6.25% at 9 months…and 6..25% every 3 months thereafter through month 4548 month vest 6 month clif48 month vest from TGE

Private Sale Participants

The Covalent Query Token ($CQT)


Token holders vote on proposals to change system parameters such as new data sources, specific geolocations and data modelling requirements.

Staking and validation

$CQT is a staking asset. Validators earn fees for securing the data integrity of the Network. Token holders can delegate to validators and earn yield for participating in the security mechanism.


1 billion (1,000,000,000) $CQT tokens were minted at genesis with a vesting schedule, with no inflation or deflation.

Staking reward

Staked $CQT earns a variable APR based on the amount staked in the network and a reward emissions rate. Historically, it has ranged from 8% - 18%.

Earn fees

Users pay fees to have their queries answered.

Validator commissions

Validators can charge a commission to users that delegate their tokens to them.

Contract addresses

CQT Contract AddressEthereum0xD417144312DbF50465b1C641d016962017Ef62400xD417144312DbF50465b1C641d016962017Ef6240
CQT Contract AddressMoonbeam0xBE4C130aaFf02Ee7c723351b7D8C2B6da1D22ebd0xBE4C130aaFf02Ee7c723351b7D8C2B6da1D22ebd
CQT Sushi poolEthereum0x17890deb188f2de6c3e966e053da1c9a111ed4a50x17890deb188f2de6c3e966e053da1c9a111ed4a5
CQT Uniswap PoolEthereum0xc1409a2c5673299fb15da5f03c27eb1ac88f7d8c0xc1409a2c5673299fb15da5f03c27eb1ac88f7d8c

We're constantly impressed by the quality and quantity of innovative features released by the Covalent team for their Unified API.

Jin Chung


Covalent was the only solution able to meet our needs at scale and the team has been incredibly responsive and supportive in making us successful.

Nathan Snell

Co-founder & CEO

The Covalent API made it very easy to help our SAFE users categorize their on-chain transaction histories.

Jason Chong


Covalent was instrumental in getting us onboarded in our multichain journey. Fetching data became so much easier without digging through low level blockchain data layers.

Idon Liu


Covalent Query Token

The Covalent Query Token (CQT) powers the Covalent Network. CQT plays a vital role in incentivizing users to participate in the network and contribute to its growth and development.