How to Stake Covalent Query Token (CQT) for better returns

Introduction

Staking Covalent Query Token can be an excellent choice for individuals looking to hold CQT while earning APY in a secure manner and supporting the network. The process may seem a bit overwhelming, particularly for first-time users. That's why we have created this comprehensive guide to assist you.

Step-by-Step Guide

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

   To stake Covalent Query Token, you first need to acquire it. To obtain Covalent Query Token, you can purchase it from these well-known exchanges.

   平台	Coin	Price
   Kraken	Covalent Query Token (CQT)	0 APY
   BingX	Covalent Query Token (CQT)	0.97 APY
   Gate.io	Covalent Query Token (CQT)	0.12 APY
   MEXC Global	Covalent Query Token (CQT)	0.03 APY

   View all 7 prices

2. 2. Select a Covalent Query Token Wallet for Your Needs

   Once you have CQT, you'll need to select a Covalent Query Token wallet to securely store your tokens. Here are some excellent options to consider.

   平台	Coin	Staking returns
   Stakely.io	Covalent Query Token (CQT)	Up to 10.58% APY

3. 3. Delegate Your CQT for Enhanced Returns

   We recommend utilizing a staking pool when staking CQT. It is more straightforward and quicker to get started. A staking pool consists of a collective of validators who pool their CQT, enhancing their chances of validating transactions and earning rewards. You can easily manage this through your wallet's interface.

4. 4. Begin Verification

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

What to Consider in the Chinese Market

When engaging in transactions and participating in staking pools, it's important to factor in the associated fees. Additionally, there may be a waiting period before you begin to receive rewards. The staking pool must successfully generate blocks, which can require some time to accomplish.