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 safe way while contributing to the network. The steps can be a little daunting, 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

   In order to stake Covalent Query Token, you need to have it. To obtain Covalent Query Token, you'll need to purchase it. You can choose from these popular exchanges.

   Platform	Coin	Price
   Kraken	Covalent Query Token (CQT)	0.00
   MEXC Global	Covalent Query Token (CQT)	0.06
   Gate.io	Covalent Query Token (CQT)	0.00

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 good options.

   Platform	Coin	Staking rewards
   Stakely.io	Covalent Query Token (CQT)	Up to 12.15 APY

3. 3. Delegate Your CQT

   We recommend using a staking pool when staking CQT. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their CQT, which gives them a higher 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 can also be a waiting period before you start earning rewards. The staking pool will need to generate blocks, and this can take some time.