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