Covalent announced a governance proposal to transition its current CQT token to the new CXT token to reflect its expanded mission of providing modular data infrastructure for AI and long-term data availability. Voting opened to all token holders, stakers, and delegates on July 8 at 10:00 PM (UTC). If the proposal is approved, CXT will be issued to all current CQT holders on Ethereum, and CQT will be deprecated.