How to Stake Covalent Query Token (CQT) in Australia

Introduction

Staking Covalent Query Token can be a great option for those who want to hold CQT while earning yield safely and contributing to the network. The steps may seem daunting, especially the first time you attempt them. That's why we've created this guide for you.

Step-by-Step Guide

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

   To stake Covalent Query Token, you need to own it. To obtain Covalent Query Token, you'll need to buy it. You can choose from these popular exchanges.

   Platform	Coin	Cost
   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

   See all 7 prices

2. 2. Choose a Covalent Query Token Wallet

   Once you have CQT, you'll need to choose a Covalent Query Token wallet to store your tokens. Here are some great options.

   Platform	Coin	Staking returns
   Stakely.io	Covalent Query Token (CQT)	Up to 10.58% % p.a.

3. 3. Delegate Your CQT

   We recommend using a staking pool when staking CQT. It's simpler and quicker to get started. A staking pool is a group of validators who combine their CQT, increasing their chances of validating transactions and earning rewards. You can do this through your wallet's interface.

4. 4. Begin Validation

   You'll need to wait for your deposit to be confirmed by your wallet. Once it's confirmed, you'll automatically validate transactions on the Covalent Query Token network. You'll be rewarded with CQT for these validations.

What to Be Aware Of

There are transaction and staking pool fees to consider. Additionally, there may be a waiting period before you start earning rewards. The staking pool needs to generate blocks, which can take some time.