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New crypto listing: Covalent (CQT)

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Dear Valued User,

 

We are pleased to announce that CQT will soon be listed on HotsCoin. Here are the details:

  • Online trading pair: CQT/USDT
  • Token type: ERC20
  • Deposit function opening time: 16:00 on October 28, 2023 (UTC+8)
  • Trading function opening time: 17:00 on October 28, 2023 (UTC+8)
  • Withdrawal function opening time: 16:00 on October 29, 2023 (UTC+8)


Project details:
Covalent Network is a decentralized platform that provides a unified API for applications to access and query blockchain data. The network’s native token is called Covalent Query Token (CQT), which is an ERC-20 token. CQT is used for governance and incentivizing participation within the Covalent Network. The main goal of Covalent Network is to index entire blockchain networks such as Ethereum, Polkadot, and Avalanche for easy and efficient access to blockchain data. This could benefit a variety of applications, including DeFi accounting applications that need to calculate users’ tax obligations. CQT is used in Covalent Network to govern and incentivize reliable data retrieval. CQT stakers are rewarded for efficient performance of their duties, while penalties are imposed for untimely or low-quality data retrieval. Users making data queries can pay for the service using stablecoins instead of CQT, as Covalent is designed to meet the needs of enterprise users who may prefer to avoid exposure to volatile crypto assets. However, once users pay for queries in stablecoins, they are immediately converted to CQT, thus facilitating honest and efficient data retrieval

 

Official website: https://www.covalenthq.com/
Block explorer: https://etherscan.io/token/0xD417144312DbF50465b1C641d016962017Ef6240


Risk warning: Digital assets are innovative investment products with large price fluctuations and high investment risks. Before investing, we hope that you will have a full understanding of digital assets, rationally judge your investment capabilities, and make prudent investment decisions.

Happy trading.

 

HotsCoin

October 28, 2023

 

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