Covalent Network announces traceable ecological airdrop incentives for $CQT holders

As a cornerstone of the Web3 ecosystem, Covalent Network (CQT) is committed to long-term data availability. For $CQT token holders, there is exciting news - future-oriented, traceable ecological airdrop incentives. This incentive mechanism is based on the principles of fairness, transparency and decentralization, and aims to praise and incentivize those users who hold and stake $CQT in recognition of their contribution to building the largest cryptographically structured and verifiable database in Web3 - Covalent Network (CQT).

By building Web3’s largest data availability layer, Covalent Network (CQT) enables millions of users to integrate into the emerging economy in areas such as AI, big data, and DeFi. Over the next week, the first ecological airdrop incentives will be available to $CQT stakers, marking an important milestone. Covalent Network (CQT) is working hard to integrate and index more than 225 chains, preparing for airdrop incentives for a wider ecosystem, and working towards unlocking unlimited possibilities.

Covalent Network (CQT) inclusive community reward program

Covalent Network (CQT)’s incentive program is to directly use project tokens from new and existing partners. Distributed to $CQT holders who participate in the network by staking their assets. This practice strengthens connections with the community and provides additional value and utility to participants. The futuristic and traceable ecosystem airdrop incentive plan reveals Covalent Network (CQT)’s support for a variety of innovative blockchain projects. This ecological incentive approach, consistent with Covalent Network’s (CQT) commitment to inclusivity, actively engages the community in the continued growth and expansion of Covalent Network (CQT). It brings the existing partner community more closely together with the Covalent Network (CQT) community, and as new and exciting projects join the Covalent Network (CQT) ecosystem, $CQT stakers can look forward to this initiative to further recognize their support.

Allocation and Timing of Ecosystem Airdrops

In order to achieve a fairer distribution of airdrop rewards, Covalent Network (CQT) is introducing a unique distribution model based on quartile analysis and continuous staking time. This model divides holders into four tiers to promote a more equitable distribution of rewards and takes into account the loyalty of long-term supporters. More announcements regarding the first airdrop will be made at a later date, when more detailed information will be provided.

How to Participate

To participate in the upcoming ecological airdrop incentives, simply become a $CQT staker.

By including applicable transaction retrieval, retroactive consideration of previous transactions, introducing a qualification hierarchy, and diversifying projects, Covalent has successfully gained broad community support and facilitated the growth of the network.

About Covalent Network (CQT)

Covalent (CQT) creates Web3’s largest data availability layer, empowering millions of users to build new economic products in the fields of AI, big data, and DeFi. It is deeply committed to democratizing data acquisition by making structured data accessible to everyone through a unique unified API. 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 .

The above is the detailed content of Covalent Network announces traceable ecological airdrop incentives for $CQT holders. For more information, please follow other related articles on the PHP Chinese website!