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 overwhelming, particularly if it's your first time. That's why we've created this guide to assist you.

Step-by-Step Guide for South African 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'll need to buy it. You can select from these popular exchanges available in South Africa.

   Platform	Mint	Cost
   Kraken	Covalent Query Token (CQT)	0
   BingX	Covalent Query Token (CQT)	0,97
   Gate.io	Covalent Query Token (CQT)	0,12
   MEXC Global	Covalent Query Token (CQT)	0,01

   View all 7 prices

2. 2. Select a Covalent Query Token Wallet

   Once you have CQT, you'll need to choose a Covalent Query Token wallet to store your tokens securely. Here are some solid options to consider.

   Platform	Mint	Staking rewards in South Africa
   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 take into account. Additionally, there may be a waiting period before you begin earning rewards. The staking pool will need to generate blocks, and this process can take some time.