Covalent Network (CQT), as the cornerstone of "long-term data availability" in the Web3 ecosystem, has brought an exciting news to $CQT holders and stakers - a future-oriented and traceable ecological airdrop incentive. This incentive is based on the principles of fairness, transparency and decentralization, and aims to recognize and reward users who hold and stake $CQT. This is a recognition of their contribution to the construction of the largest cryptographically structured and verifiable database in Web3 - the structured data of Covalent Network (CQT).
By building the largest data availability layer for Web3, Covalent Network (CQT) enables millions of users to participate in the emerging economy in areas such as AI, Big Data, and DeFi. In the coming week, the first ecosystem airdrop incentive will be available to $CQT stakers, marking an important milestone. With integration and indexing of over 225 chains, Covalent Network (CQT) is preparing to unlock unlimited possibilities for a wider ecosystem airdrop incentive.
Covalent Network (CQT) Inclusive Community Rewards Program
The Covalent Network (CQT) incentive scheme distributes project tokens from new and existing partners directly to $CQT holders who participate in the network through staking assets. This practice strengthens connections with the community and provides additional value and utility to participants. The future-proof and traceable ecosystem airdrop incentive plan reveals Covalent Network (CQT)'s support for a variety of innovative blockchain projects. This ecological incentive approach, in line with Covalent Network (CQT)'s commitment to inclusivity, actively engages the community in the continued growth and expansion of Covalent Network (CQT). It brings the existing partner community closer to the Covalent Network (CQT) community, and as new and exciting projects join the Covalent Network (CQT) ecosystem, $CQT stakers can expect their support to be further recognized through this initiative.
Distribution and Timing of Ecosystem Airdrops
In order to distribute airdrop rewards in a more equitable manner, Covalent Network (CQT) is introducing a unique distribution model structure based on quartile analysis and continuous staking time. This structure classifies holders into four levels, promotes a more equitable distribution of rewards, and takes into account the loyalty of long-term supporters. More information will be provided at the time of the first airdrop announcement.
How to participate
To participate in the upcoming ecosystem airdrop incentives, just become a $CQT staker. For those who have not yet staked CQT, just refer to the staking document for a step-by-step guide on how to earn rewards by participating in staking
By including applicable retrieval deals, retroactively considering previous deals, implementing a qualification hierarchy, and bringing in a diverse range of projects, Covalent has gained a lot of community support to help grow the network.
About Covalent Network (CQT)
Covalent (CQT) has created the largest data availability layer for Web3, enabling millions of users to build new economic products in the fields of AI, big data, and DeFi. It is deeply committed to making structured data accessible to everyone through a unique unified API, thereby democratizing data access. As a core component of the DePIN ecosystem, Covalent Network (CQT) provides developers, analysts, innovators, and thousands of customers with comprehensive, real-time access to more than 225 blockchains and growing data.