According to Wu, Covalent Network has successfully approved and completed its governance proposal to migrate its native token from the old CQT to the new CXT token and network contract, and staking and governance operations have also been transferred from CQT to CXT. CXT tokens will be directly distributed to CQT holders on Ethereum.
Token holders using wallets such as Metamask will automatically receive CXT tokens, and centralized exchanges will also receive CXT tokens and handle the distribution of CXT to their customers.
