Covalent
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The Covalent Network is transitioning from its current token CQT to a new token CXT, called "Day Zero of The New Dawn".
The change aims to better align the token with the network's expanded mission of building a decentralized data infrastructure focused on AI and long-term data availability.
The migration process includes:
🔹Changing the token ticker (CQT to CXT)
🔹Migrating staking and governance contracts from CQT to CXT
🔹Distributing CXT tokens to CQT holders
#Covalent #CovalentNetwork #CQT #BTC_Bounce_Back_to_57k #BinanceTurns7
The change aims to better align the token with the network's expanded mission of building a decentralized data infrastructure focused on AI and long-term data availability.
The migration process includes:
🔹Changing the token ticker (CQT to CXT)
🔹Migrating staking and governance contracts from CQT to CXT
🔹Distributing CXT tokens to CQT holders
#Covalent #CovalentNetwork #CQT #BTC_Bounce_Back_to_57k #BinanceTurns7
Covalent, a leading blockchain data infrastructure project, has launched "The New Dawn," a strategic initiative aimed at making Covalent the long-term data layer for the Ethereum ecosystem.
#Covalent #blockchain #buythedip #bitcoinhalving
#Covalent #blockchain #buythedip #bitcoinhalving
Covalent, a leading historical data availability network, is aligning its innovative solution to meet Ethereum's future advancements, particularly in light of EIP-4844.
#Covalent #EIP4844 #ethereum #buythedip #MicroStrategy
#Covalent #EIP4844 #ethereum #buythedip #MicroStrategy
Covalent has increased network decentralization by 23% with the addition of five new global operators.
This strategic expansion is aimed at enhancing data security capabilities and long-term data availability. By welcoming five new Block Specimen Producers (BSPs) to the Covalent Network, Covalent is reinforcing its commitment to community-driven protocols and creating a more inclusive and decentralized ecosystem.
The network now consists of a total of 26 operators, including 18 BSPs and 8 BRPs, making significant progress towards a more secure and resilient network infrastructure.
#Covalent #buythedip #CryptoWatchMay2024 #bitcoinhalving #MicroStrategy
This strategic expansion is aimed at enhancing data security capabilities and long-term data availability. By welcoming five new Block Specimen Producers (BSPs) to the Covalent Network, Covalent is reinforcing its commitment to community-driven protocols and creating a more inclusive and decentralized ecosystem.
The network now consists of a total of 26 operators, including 18 BSPs and 8 BRPs, making significant progress towards a more secure and resilient network infrastructure.
#Covalent #buythedip #CryptoWatchMay2024 #bitcoinhalving #MicroStrategy
MAJOR UPCOMING EVENTS IN AUGUST-SEPTEMBER
#SeiNetwork $SEI #CyberConnect $CYBER #Covalent $CQT #Chainflip $FLIP #OpenOcean $OOE #LybraFinance $LBR #Bounce $AUCTION #PancakeSwap $CAKE #Radix $XRD #Sweatcoin $SWEAT #DeFi
#SeiNetwork $SEI #CyberConnect $CYBER #Covalent $CQT #Chainflip $FLIP #OpenOcean $OOE #LybraFinance $LBR #Bounce $AUCTION #PancakeSwap $CAKE #Radix $XRD #Sweatcoin $SWEAT #DeFi
Al Cryptocurrencies Soar After Elon Musk Launches ChatGPT Rival
#GOATMoments In the wake of Elon Musk’s groundbreaking announcement about his new artificial intelligence (AI) company, designed to rival the remarkable growth of OpenAI’s chatbot #ChatGPT. , AI-related cryptocurrencies experienced a noteworthy surge in value within a 24-hour span.
This unexpected development has captured the attention of investors and industry enthusiasts alike, igniting fresh excitement in the intersection of artificial intelligence and digital currencies.
Among the top 10 AI crypto tokens by market cap, those that witnessed robust returns on the news of a ChatGPT competitor launch include The Graph (GRT), Fetch.ai (FET), Quant (QNT), and SingularityNET (AGIX), among others. Moreover, all of the listed tokens are in the green on weekly charts as well.
#Covalent (CQT) rallies 6.5%
Although it is not one of the top 10 biggest AI cryptocurrencies, Covalent (CQT) also saw strong gains over the past 24 hours.
At the time of writing, CQT was changing hands at $0.11, up 6.46% on the day.
The #crypto token also performed well on a weekly chart, surging over 11% during that period.
Meanwhile, GRT, FET, QNT, and AGIX, also saw notable returns on the day, climbing 3.4%, 1.1%, 3.1%, and 0.2%, respectively.
What triggered the AI crypto rally?
AI cryptocurrencies embarked on an upward trajectory after Tesla (NASDAQ: TSLA) and Twitter boss Elon Musk launched its much-anticipated AI startup, xAI.
The new company, which was built to compete with the generative AI sensation ChatGPT, will operate as a separate entity from Musk’s tech business, X Corp.
According to Musk, the reason behind the xAI rollout is “to understand the true nature of the universe.”
The team behind the newly-formed startup includes former employees from some of the biggest tech giants, including Google (NASDAQ: GOOGL), Microsoft (NASDAQ: MSFT), Tesla, DeepMind, OpenAI, and the University of Toronto, according to the company’s official website.
Additionally, xAI hired Dan Hendrycks as the company advisor, who also serves as the director of the Center for AI Safety.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.#Binanceturns6
This unexpected development has captured the attention of investors and industry enthusiasts alike, igniting fresh excitement in the intersection of artificial intelligence and digital currencies.
Among the top 10 AI crypto tokens by market cap, those that witnessed robust returns on the news of a ChatGPT competitor launch include The Graph (GRT), Fetch.ai (FET), Quant (QNT), and SingularityNET (AGIX), among others. Moreover, all of the listed tokens are in the green on weekly charts as well.
#Covalent (CQT) rallies 6.5%
Although it is not one of the top 10 biggest AI cryptocurrencies, Covalent (CQT) also saw strong gains over the past 24 hours.
At the time of writing, CQT was changing hands at $0.11, up 6.46% on the day.
The #crypto token also performed well on a weekly chart, surging over 11% during that period.
Meanwhile, GRT, FET, QNT, and AGIX, also saw notable returns on the day, climbing 3.4%, 1.1%, 3.1%, and 0.2%, respectively.
What triggered the AI crypto rally?
AI cryptocurrencies embarked on an upward trajectory after Tesla (NASDAQ: TSLA) and Twitter boss Elon Musk launched its much-anticipated AI startup, xAI.
The new company, which was built to compete with the generative AI sensation ChatGPT, will operate as a separate entity from Musk’s tech business, X Corp.
According to Musk, the reason behind the xAI rollout is “to understand the true nature of the universe.”
The team behind the newly-formed startup includes former employees from some of the biggest tech giants, including Google (NASDAQ: GOOGL), Microsoft (NASDAQ: MSFT), Tesla, DeepMind, OpenAI, and the University of Toronto, according to the company’s official website.
Additionally, xAI hired Dan Hendrycks as the company advisor, who also serves as the director of the Center for AI Safety.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.#Binanceturns6
Covalent (CQT) has expanded its subsidy program to Cronos ecosystem developers, aiming to support and provide resources for projects integrating Covalent's solutions for Cronos platform development.
#Covalent #CQT #CRONOS #bitcoinhalving #BullorBear
#Covalent #CQT #CRONOS #bitcoinhalving #BullorBear
Covalent launches its Ecosystem Airdrop Program, part of "The New Dawn" initiative, to upgrade its network and decentralize infrastructure for long-term data availability.
The program focuses on infrastructure improvement, staking optimization, and incentive campaigns to drive growth and reward loyal CQT token holders who have contributed to the ecosystem.
#Covalent #CQT #Megadrop #airdrop #BinanceTournament
The program focuses on infrastructure improvement, staking optimization, and incentive campaigns to drive growth and reward loyal CQT token holders who have contributed to the ecosystem.
#Covalent #CQT #Megadrop #airdrop #BinanceTournament
MAJOR UPCOMING TOKEN UNLOCKS
#Fusionist $ACE #MantaNetwork $MANTA #Polyhedra $ZKJ #MerlinChain $MERL #bitsCrunch $BCUT #Metaplex $MPLX #Hatom $HTM #VertexProtocol $VRTX #Covalent $CQT
#Fusionist $ACE #MantaNetwork $MANTA #Polyhedra $ZKJ #MerlinChain $MERL #bitsCrunch $BCUT #Metaplex $MPLX #Hatom $HTM #VertexProtocol $VRTX #Covalent $CQT
