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 intimidating, particularly for first-timers. That’s why we’ve created this guide to assist you.

Step-by-Step Guide for Italian Investors

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

   To stake Covalent Query Token, you must first acquire it. To obtain Covalent Query Token, you'll need to buy it. You can select from these well-known exchanges available in Italy.

   Piattaforma	Criptovaluta	Value
   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

   Check out 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 excellent options tailored for the Italian market.

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

4. 4. Begin the Validation Process

   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. For these validations, you'll receive rewards in CQT.

What to Consider in Italy

When engaging in staking, it's important to factor in the transaction and staking pool fees. Additionally, you may encounter a waiting period before you begin to earn rewards. The staking pool must generate blocks, which can take a bit of time.