Introduction
Staking Covalent Query Token is an excellent choice for those looking to hold CQT while earning yield securely and supporting the network. The process may seem overwhelming, especially for first-timers. That's why we've created this guide to help you through it.
Comprehensive Guide
1. Acquire Covalent Query Token (CQT) Tokens
To stake Covalent Query Token, you first need to acquire it. You can purchase Covalent Query Token from various popular exchanges.
2. Select a Covalent Query Token Wallet
Once you have CQT, you'll need to select a Covalent Query Token wallet to keep your tokens safe. Here are some great options.
Platform Coin Staking benefits Stakely.io Covalent Query Token (CQT) Earn up to 10.58% APY 3. Delegate Your CQT
We suggest using a staking pool for staking CQT. It's easier and quicker to start. A staking pool consists of validators who pool their CQT, increasing their chances of validating transactions and earning rewards. You can access this via your wallet's interface.
4. Begin Validation
You will need to wait for your deposit to be confirmed by your wallet. Once confirmed, you will automatically validate transactions on the Covalent Query Token network. You will be rewarded with CQT for these validations.
Key Considerations
Consider the transaction and staking pool fees. Additionally, there may be a waiting period before you begin earning rewards. The staking pool must generate blocks, which can take some time.
Recent Developments
Covalent Query Token (CQT) is currently priced at $10.58 with a 24-hour trading volume of $19,417.59. The market cap of Covalent Query Token stands at $3.06M, with 856.18M CQT in circulation. For those looking to buy or trade Covalent Query Token, Stakely.io offers avenues to do so securely and efficiently
- Market capitalization
- $3.06M
- 24-hour trading volume
- $19,417.59
- Circulating supply refers to the total amount of a cryptocurrency or token that is currently available for trading in the market. It excludes tokens that are locked, reserved, or not yet released.
- 856.18M CQT