Dear Bitruers,
Bitrue will list Covalent X Token (CXT) and open trading for the CXT/USDT spot trading pair.
Listing Schedule:
- Deposit opening time: Opened
- CXT/USDT trading opening time: Aug 2, 2024, 11:00 (UTC)
- Withdrawal opening time: Aug 3, 2024, 11:00 (UTC)
- CXT Staking: Aug 2, 2024, 13:00 (UTC)
New User Benefits:
New users can earn a grand prize of 1,000 USDT upon completing the tasks. For more details, please click here to participate.
What is Covalent X Token (CXT)?
At the core of the Covalent ecosystem is the Covalent X Token (CXT), which is integral to the decentralized long-term data availability network. CXT is the native token of the network wherein all settlements are denominated in this currency. CXT’s functions can be broadly broken down into the following:
Staking: Operators, who first have to meet the minimum staking requirement to become such, are compensated in CXT for honestly fulfilling their roles (or role), and performing work on the network like validating data requests, indexing blockchain data, and responding to queries. Furthermore, token holders who wish to contribute to securing the network but don’t wish to run node infrastructure, can delegate to a Network Operator and earn staking rewards in CXT.
Governance: Those who hold CXT and have a vested interest in the network will be able to vote using CXT for on-chain proposals put forward by the community.
Details:
Website: https://www.covalenthq.com/
Twitter: https://x.com/Covalent_HQ
Blockchain explorer:
https://etherscan.io/token/0x7abc8a5768e6be61a6c693a6e4eacb5b60602c4d