Covalent Network has officially entered a transformative era with the launch of CXT, its new native token. Following a decisive community vote, CXT replaces CQT, marking a pivotal upgrade for the ecosystem. This guide covers everything you need to know about the migration, from accessing your tokens to understanding CXT's strategic role.
Key Details About CXT Migration
Contract Address
CXT Token (Ethereum): 0x7ABc8A5768E6bE61A6c693a6e4EAcb5B60602C4D
How to Claim Your CXT
1. Exchange-Held CQT
Major platforms like 👉 OKX, Gate.io, and KuCoin will automatically convert CQT to CXT. No user action is required.
2. Staked CQT
Staked tokens migrate seamlessly to CXT—your rewards and validators remain uninterrupted.
3. Self-Custody Wallets
Eligible wallets receive a 1:1 airdrop of CXT. Ensure your wallet is connected to the Ethereum mainnet to view tokens.
Why CXT Matters for Covalent’s Future
CXT isn’t just a token swap—it’s the foundation for Covalent’s next-phase innovations:
- Enhanced Scalability: Optimized for high-throughput data queries.
- Ecosystem Growth: Supports developer grants and network incentives.
- Governance Power: Holders shape protocol upgrades via decentralized votes.
FAQs
Q: Will my CQT balance change after migration?
A: No. CXT maintains a 1:1 ratio with CQT—your holdings remain identical in value.
Q: How long will exchanges support the migration?
A: Most platforms complete swaps within 48 hours. Check your exchange’s official announcement.
Q: Can I still use CQT after the migration?
A: CQT will be deprecated. Transition to CXT for all network interactions.
Q: Where can I track CXT’s price?
A: Major price aggregators like CoinGecko list CXT post-launch.
Join the New Dawn
Covalent’s evolution reflects its community’s vision. With 👉 CXT now live, we’re unlocking unprecedented potential for decentralized data accessibility.
Need help? Visit Covalent’s Discord or explore the migration FAQ.
Together, we build the future—one block at a time.
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