CQT stakers will benefit from Wormhole’s airdrop program, highlighting the importance of cross-chain interoperability

Wormhole recently announced plans to distribute 617 million W tokens. This initiative aims to allocate certain token rewards to community members who participate in its governance. These tokens will be used for governance participation within the Wormhole platform and to incentivize contributors. Additionally, nearly 400,000 airdrops will soon reach recipients’ wallets. This plan will promote the development of the Wormhole community and provide more opportunities for W token holders.

As a long-term supporter of Wormhole and its Portal Bridge, Covalent Network (CQT) anticipates that those CQT token holders who already interact through the Portal Bridge will benefit from the W token airdrop. Covalent Network (CQT) offers numerous opportunities to those interacting with the Covalent Network (CQT) Network by integrating and indexing over 225 blockchains, and with its data serving over 240 million wallets - Wormhole Token Airdrop It's one of them.

W Tokens CQT Tokens

With Covalent Network (CQT)’s vision to realize the vertical integration of the ecosystem through community airdrops, confirmed CQT holders can do so by utilizing Wormhole’s Portal Bridge qualified. This strategic airdrop represents an important step for Covalent Network (CQT) to build a more connected and decentralized ecosystem, highlighting its commitment to promoting the collaboration and integration of secure, decentralized and open source technologies.

Covalent Network (CQT) ranks second in ERC-20 token holdings on Wormhole

Currently, the total number of CQT tokens cross-chain through Wormhole has reached 157,530,738. The cumulative value of these transactions reached approximately $36.23 million.

How often has CQT been used on Wormhole in the past 12 months

How to participate

If the user is in November 2022 If you pledged CQT to the W token airdrop snapshot before the 14th, you can check whether the wallet is eligible on the Wormhole airdrop dashboard.

Covalent Network (CQT) introduces an enticing opportunity for CQT stakers who may have missed out on recent airdrops, the recently announced Ecosystem Partner Airdrop Program. Designed to recognize and reward CQT stakers for their valuable support of the largest cryptographically secure and structured on-chain data set in Web3.

To participate in the upcoming ecosystem incentive airdrop, individuals need to become CQT stakers. For those users who have not yet pledged CQT, they only need to refer to the official website staking guide to participate.

About Covalent Network (CQT)

Covalent (CQT) creates Web3’s largest data availability layer, empowering millions of users to build a new economy in the fields of AI, big data and DeFi product. 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 .

About Wormhole

Wormhole (W) is a leading decentralized interoperability platform that supports multi-chain applications and cross-chain transactions. The platform provides developers with access to liquidity and users on more than 30 major blockchain networks, making cross-field applications possible, including decentralized finance (DeFi), non-fungible tokens (NFT), Governance and many other use cases. The broader Wormhole network is trusted and used by teams such as Circle and Uniswap, and to date, the platform has facilitated more than $35 billion in cross-chain transactions through more than 800 million cross-chain messages.

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