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

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-timers. That’s why we’ve created this guide to assist you.

Step-by-Step Guide for South Korea's Financial Landscape 1

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 from a cryptocurrency exchange. You can choose from these popular platforms available in South Korea.

   플랫폼	코인	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

   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 recommended options that are popular among Korean users.

   플랫폼	코인	Staking 보상
   Stakely.io	Covalent Query Token (CQT)	Up to 10.58% APY

3. 3. Delegate Your CQT in South Korea

   We recommend using a staking pool when staking CQT. It’s more convenient and quicker to get started. A staking pool consists of a group of validators who combine their CQT, increasing their chances of validating transactions and earning rewards. You can easily 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 Keep in Mind

You should be aware of the transaction and staking pool fees that apply. Additionally, there may be a waiting period before you begin to earn rewards. The staking pool must generate blocks, which can take a bit of time in the process.