What is Covalent Coin?
In order to deliver openness and insight to various blockchain network assets, Covalent Coin is nothing more than an uniform API. The leading blockchain networks now supporting Covalent Coin are Ethereum, BSC, Avalanche, Polygon, and more will be added shortly. Without creating a single line of code, this API will make it possible to get extensive information about blockchain transaction data from compatible blockchains.
In addition to making blockchain data points visible, Covalent Coin sought to offer a single, integrated API that can retrieve billions of potential outcomes. Project claimed to have the absolute richest blockchain data available on the internet, with over 25 billion transactions indexed, 200 thousand or more smart contracts available, 30 thousand or more price fees, and a refresh rate of 30 seconds. Project aims to empower the pioneers in the blockchain ecosystem by giving them access to a strong data infrastructure.
The only blockchain project, called Covalent Coin, has completely indexed the whole blockchain, including every single wallet address, contract, and transaction. Providing composability, one of the key components of the DeFi programme, allows developers to rapidly and simply create financial solutions by utilising building blocks akin to Legos. Covalent Coin now makes it feasible to apply any code since they offer multichain flexibility and granular data.
Covalent Coin Price Prediction
|Month & Year||CQT Price Prediction|
Covalent Coin Overview
CQT ICO Overview
|Date of ICO||29th April to 30th April 2021|
|ICO Price||Option 1: $0.35 (no Lockup) Option 2: $0.3 (12-month release) Option 3: $0.25 (24-month release)|
|Partners||Frontier, Reef, Authereum, Terra Virtua, consensys, Balancer, AllianceBlock, ChainGuardians, Upbot, Polkastarter, Huddin, BalloonBox, 0x, Loopring, Shyft, instapp, university of Calgary.|
CQT Price Analysis
Covalent Query (CQT) The coin serves as the Covalent Ecosystem’s native and governance token. The CQT token, as its full name implies, serves as the key to access API data requests. However, CQT can stake to receive benefits in addition to validator earning fees from responding to inquiries.
The public sale for CQT is being held on the Coinlist Trading platform, while the private and seed sales have already begun. As CQT enables freely trading to 24-month lockup with timetable release, it will be accessible for varied prices and locking periods. More than 500k users are anticipated to participate in the CQT sale, another massive successor to Casper and Mina Protocol, and they will be in line to purchase CQT. The highest price for option 1 is $0.35 USD, and when CQT is listed on a trading platform, we may anticipate it to commence trading with a 30x premium above option 1’s price. As the idea has huge potential and might potentially equal Flow’s all-time ROI, which is above 200x after listing on a major CEX, 30x means $10.
In recent years, API has emerged as the most crucial factor in the quicker and easier development of new innovations. Covalent has enabled multi-chain compatibility; it is already indexed on seven distinct blockchain networks and will soon be live on all of them. The project has partnered with approximately 100 other blockchain initiatives, and they are also supported by leading businesses and venture capital firms including Binance Labs, Hashed, delphi Digital, Coinbase Venture, and others. The most popular part of any sector right now is the usage of APIs and no-code solutions, therefore Covalent with APIs will assist users in avoiding SQL queries, subgraph construction, and maintenance. Since there is no need to employ a costly developer to create your own solution or application, API costs will be considerably lower.
Will CQT hit $10?
most likely after one or two days of being listed on the exchange.
Is Covalent a Good Investment?
Considering future API support, investing in Covalent during the ICO sale will be wise.