Kraken to List Covalent Query Token (CQT) on July 6, 2021
A new cryptocurrency will be added to the Kraken trading platform: Covalent Query Token (CQT).
CQT trading starts on July 6, 2021 at 3:30 PM UTC.
Covalent token deposits are already possible on Kraken accounts pending the start of trading.
The announced trading pairs are CQT/USD and CQT/EUR.
The CQT price is currently up around $0.44.
What is Covalent Query Token (CQT)?
Covalent provides an API to any individual, business, or decentralized application to access blockchain data.
The Covalent team has created software that indexes and stores smart contract, wallet, block, and transaction data from multiple blockchains, including Ethereum, Polkadot, and Elrond.
Covalent’s API helps developers easily access billions of data points that can be used for their specific projects and needs.
Covalent Query Token (CQT) is Covalent’s native cryptocurrency and is the primary method of payment between developers needing data and validators responding to those queries.
Owning and staking CQT also allows participants to vote on network protocol upgrades.
Recently, Kraken listed SOL and SRM tokens and launched Solana staking.
Other staking offers are available on the platform such as Cardano staking (ADA), Polkadot staking (DOT), Kusama staking (KSM) with 12% guaranteed interest rate, or KAVA staking with 20% interest rate !
If you want to know more about Kraken staking offers or do crypto trading, just create a free account on Kraken: click here.