According to TechFlow, blockchain data infrastructure company Covalent posted on the X platform that its governance proposal on "changing the token from CQT to CXT and other series of changes" has been successfully approved and the relevant token migration work has been completed.
Major changes include:
Changed token ticker from CQT to CXT.
Migrate the staking contract from CQT to CXT on the Ethereum chain.
Migrate future governance on the Ethereum chain from CQT to CXT.
Distribute CXT to all current CQT holders.
Covalent said that all tokens remain safe during the migration. All token holders' CQT holdings will be automatically migrated to CXT at a 1:1 ratio. CQT trading was stopped at 00:00 UTC on July 9, and CXT trading will resume after the governance vote and migration are completed.
