How to Stake Covalent Query Token (CQT)

Introduction

Staking Covalent Query Token can be an excellent choice for those 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've created this guide to assist you.

Step-by-Step Anleitung

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'll need to purchase it. You can choose from these well-known exchanges available in Germany.

   Plattform	Kryptowährung	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)	0,01 APY

   View all 7 prices

2. 2. Select a Covalent Query Token Wallet

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

   Plattform	Kryptowährung	Staking rewards
   Stakely.io	Covalent Query Token (CQT)	Up to 10,58 % APY

3. 3. Delegate Your CQT

   We recommend using a staking pool when staking CQT. It's simpler and faster to get started. A staking pool is a collective of validators who pool their CQT, which increases their chances of validating transactions and earning rewards. You can manage this through your wallet's interface.

4. 4. Start Validating

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

What to Consider

There are transaction and staking pool fees you need to consider. Additionally, there may be a waiting period before you begin earning rewards. The staking pool must generate blocks, and this process can take some time.