Covalent leverages big-data technologies to create meaning from hundreds of billions of data points. It delivers actionable insights to investors and allows developers to allocate resources to higher-utility goals within their organization.

<p>Covalent aggregates information from across dozens of sources, which include nodes, chains, and data feeds. The Covalent API then sources end-users with individualized data by wallet, including current and historical investment performance across all types of digital assets. Covalent returns this data rapidly and consistently. It incorporates all relevant data within one API interface.</p><p>Covalent is going to execute the next phase, which is progressive decentralization.&nbsp; It will also enable users to own and operate the Covalent Network.&nbsp;</p><h3>What is Covalent (CQT) and What Are Its Purposes?</h3><p>CQT is the native token of the Covalent Network, which serves the following purposes:&nbsp;&nbsp;</p><ul><li>Governance with voting rights to token holders to change the system parameters.</li><li>Staking asset that helps validators earn fees for answering queries.</li><li>A network access token that fulfills data queries for users of the API.</li></ul><h3>What Are the Developer Resources at Covalent?</h3><ul><li>Extensive guides on how to use the Covalent API.&nbsp;</li><li>Covalent API documentation.</li><li>Ability to access and analyze on-chain data across different networks in one place.</li><li>Power to integrate blockchain data easily into their applications without deep technical knowledge.</li></ul><h3>Who Are the Founders of Covalent (CQT)?</h3><p>An experienced team of data scientists and blockchain and database engineers has built Covalent with the passion to scale blockchain technology.&nbsp;</p><ol><li>Ganesh Swami is the CEO and the co-founder. He is a physicist, and his first company is listed on the NYSE.</li><li>Levi Aul is the CTO and co-founder. He built one of the first Bitcoin exchanges in Canada and was part of the team that built CouchDB at IBM.</li></ol><h3>What Are the Use Cases of CQT?&nbsp;</h3><ol><li>Every single DeFi action is a taxable event and helps firms to be compliant. A trader can use Coinbase to quickly download a CSV of their trade data&nbsp;</li><li>DeFi protocols like 0x and Zerion use the Covalent API to pull real-time, granular blockchain data. It can pull wallet-specific data and expand their service to display data across multiple chains, which enhances product offering and user experience. It includes transactional data as well as a user's token balances and transaction history.</li><li>Covalent has become the leading NFT data provider. NFT projects such as ChainGuardains and Ethermon are now using the Covalent API to power novel features specific to each project and improve the user experience.</li><li>DAOs use the Covalent API. Users can use this API to view and examine proposal interactions so that one can understand how active members are in creating proposals and voting on them, as well as if members are voting for or against proposals in general.</li></ol><h3>What Makes Covalent Unique?</h3><ol><li>Comprehensive data solution with transaction history, token balances, and smart contract events across multiple blockchain platforms.</li><li>No-code, user-friendly interface and API&nbsp;</li><li>Integrate data from various blockchain networks, which makes it versatile and adaptable to a wide range of use cases.&nbsp;&nbsp;</li></ol>

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