Where and How to Stake Covalent Query Token (CQT)

Introduction

Staking Covalent Query Token can be a great option for those who want to hold CQT but earn yield in a secure way while contributing to the network. The steps can be a bit overwhelming, especially the first time you do them. That’s why we’ve put this guide together for you.

Step-by-step guide

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

   To stake Covalent Query Token, you need to have it. To get 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
   MEXC Global	Covalent Query Token (CQT)	0,03
   BingX	Covalent Query Token (CQT)	0,97
   Gate.io	Covalent Query Token (CQT)	0,12

   See all 7 prices

2. 2. Choose 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 lekker options.

   Platform	Coin	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 simpler and quicker to get going. A staking pool is a group of validators who combine their CQT, which gives them a better chance of validating transactions and earning rewards. You can do 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 be Aware of

There are transaction and staking pool fees you need to consider. There might also be a waiting period before you start earning rewards. The staking pool will need to generate blocks, and this might take some time.