Where and how to stake Covalent Query Token (CQT)

Introduction

Staking Covalent Query Token can be a great option for those who wish to hold CQT while earning yield in a safe manner and contributing to the network. The steps can be somewhat daunting, especially the first time you do them. That’s why we have put together this guide for you.

Step-by-Step Guide

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

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

   Platform	Coin	Price
   Kraken	Covalent Query Token (CQT)	0.0032
   MEXC Global	Covalent Query Token (CQT)	0.07
   BingX	Covalent Query Token (CQT)	0.97
   Gate.io	Covalent Query Token (CQT)	0.12

   See all 4 prices

2. 2. Select 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 good options.

   Platform	Coin	Staking rewards
   Stakely.io	Covalent Query Token (CQT)	Up to 12.15 APY

3. 3. Delegate Your CQT

   We suggest using a staking pool for staking CQT. It's easier and quicker to get started. A staking pool is a collection of validators who combine their CQT, which increases their odds of validating transactions and earning rewards. You can do this through your wallet’s interface.

4. 4. Start Validating

   You'll have 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 Keep in Mind

You need to keep in mind the transaction and staking pool fees. Additionally, there might be a waiting period before you begin earning rewards. The staking pool will need to generate blocks, and this can take a while.