📰AI Data Infrastructure Covalent Announcement
Covalent announced a governance proposal to migrate Covalent Network's existing token CQT to CXT. Voting on the proposal on Snapshot will end on July 11.
📌The main changes in the proposal are as follows: 1️⃣ Change the token code from CQT to CXT.
2️⃣ Migrate the staking contract from CQT to CXT on the Ethereum chain.
3️⃣ Migrate future governance on the Ethereum chain from CQT to CXT.
4️⃣ Distribute CXT to all current CQT holders.
5️⃣ Improve overall token liquidity
