Introduction

Lending Covalent Query Token can be an excellent choice for those looking to hold CQT while generating returns. The process may seem overwhelming, particularly for first-time users. That’s why we’ve created this guide specifically for you.

Step-by-Step Guide for UAE Residents

1. 1. Acquire Covalent Query Token (CQT) Tokens

   To lend Covalent Query Token, you must first acquire it. To obtain Covalent Query Token, you will need to purchase it. You can select from these well-known exchanges available in the UAE.

   Platform	Cryptocurrency	Price
   Kraken	Covalent Query Token (CQT)	0
   BingX	Covalent Query Token (CQT)	0.97
   Gate.io	Covalent Query Token (CQT)	0.12
   MEXC Global	Covalent Query Token (CQT)	0.03

   View all 7 prices

2. 2. Select a Covalent Query Token provider in the UAE

   Once you have CQT, you'll need to select a Covalent Query Token lending platform to lend your tokens. You can explore some options available in the UAE market here.

3. 3. Earn Covalent Query Token

   Once you've selected a platform to earn your Covalent Query Token, transfer your Covalent Query Token into your wallet on the earning platform. Once it's deposited, it will begin to accrue APY. Some platforms offer daily interest payments, while others may pay out weekly or monthly.

4. 4. Earn APY on Your Investments

   Now all you need to do is relax while your cryptocurrency earns APY. The more you deposit, the greater your potential earnings. Ensure that your earning platform offers compounding interest to maximize your returns.

What to Consider in the UAE Market

Lending your cryptocurrency can carry certain risks. It’s essential to conduct thorough research before depositing your cryptocurrency. Only lend what you can afford to lose. Review their lending practices, customer feedback, and the measures they take to secure your cryptocurrency.