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 might seem a bit overwhelming, particularly if you're doing it for the first time. That's why we've created this guide specifically for you.

Step-by-Step Guide for Ugandan Investors

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 will have to buy it. You can select from these well-known exchanges available in Uganda.

   E-platform	Coin	Cost
   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

   See all 7 prices in Uganda

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 reliable options to consider.

   E-platform	Coin	Staking rewards in Uganda
   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 quicker to get started. A staking pool is a collective of validators who combine 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'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. You'll be rewarded with CQT for these validations.

What to Keep in Mind

There are transaction and staking pool fees you need to keep in mind. Additionally, there may be a waiting period before you begin earning rewards. The staking pool will need to generate blocks, which can take a bit of time.