Covalent: $CQT Covalent Query Token Economics

Key Highlights

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 60+ different blockchains. Developers cut down time to market from 2 weeks to a matter of hours with Covalent.

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.

Key Technical Facts

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.

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.

Single API for multiple blockchains

Covalent API normalizes the subtleties of different blockchains with the single unified API. Developers need not understand the arcane nuances when porting over to a multi-chain future.

Primer Transformation engine

An in-house transformation language that is inspired by the MongoDB query language. With Primer, developers can select just the fields that they want and further aggregate the data to suit their needs. All of this is done at query time in real-time instantaneously.

Enriched Decoded data

Data is further decoded into a format that is immediately usable by the developer. There’s no need to go looking for ABIs or write custom decoding code.

Decentralized Indexing-Querying middleware

The Covalent network features a fully decentralized storage and compute layer with low fees and high throughput.

The Covalent Query Token (CQT)

Governance

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

Staking & Validation

CQT is a staking asset. Validators will earn fees for answering queries. Token holders can delegate their voting rights to validators.

1 Billion

There will be 1,000,000,000 CQT at genesis.

Staking Reward

Staked CQT earns a variable 3% - 20% APR based on the amount staked in the network.

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.

Token Sale

	Seed	Private Sale	Private Sale 2	Public Sale	Team	Advisors	Reserve	Staking	Ecosystem
Token Allocation	100,000,000	203,846,154	29,305,142	34,314,063	143,636,035	20,000,000	188,898,607.10	80,000,000	200,000,000
% of Total Supply	10%	20.4%	2.9%	3.4%	14.4%	2.0%	18.9%	8.0%	20.0%
Token Price($)	$0.005	$0.013	$0.085	$0.125 - $0.35	-	-	-	-	-
Amount Raised($)	$500,000	$2,650,000	$2,490,937	$9,925,809	-	-	-	-	-
Total Valuation at Each Round($)	$5,000,000	$13,000,000	$85,000,000	$125,000,000 - $350,000,000	-	-	-	-	-
Vesting over Months	18	9	9-24	0-24	48	24	45	53	47
Cliff in Months	6	0	0-6	0-6	12	13	0	6	0
	25% released after 6 months, 25% released after 12 months, 25% at 15 months and 25% at 18 months	25% 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 cliff	vest between month 13 and 24	6.25% 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 45	48 month vest 6 month cliff	48 month vest from TGE