Today marks a historic milestone for the Covalent Network—Day Zero of the New Dawn. Following a successful governance vote, the community has officially adopted CXT as the new native token, now live on the Ethereum blockchain. This pivotal transition ensures a seamless experience for all token holders while laying the foundation for a more scalable, secure, and community-driven future.
The shift to CXT is not merely a token swap—it represents a bold evolution in Covalent’s mission to democratize access to onchain data. With enhanced utility, improved network incentives, and broader ecosystem integration, CXT empowers users, developers, and stakeholders to engage more deeply with decentralized data infrastructure.
The Governance Decision Behind CXT
The transition was made possible through a decentralized governance proposal that received overwhelming community support. Token holders voted to migrate from the legacy CQT to the new CXT, reflecting a collective vision for innovation and long-term sustainability.
This governance-led change underscores Covalent’s commitment to decentralization and community ownership. By placing critical decisions in the hands of its users, Covalent continues to set a benchmark for transparency and participatory network development.
👉 Discover how decentralized governance is shaping the future of blockchain networks.
CXT Smart Contract Address
The official CXT token is now deployed on Ethereum with full ERC-20 compatibility. Users can verify and interact with the token using the following contract address:
0x7ABc8A5768E6bE61A6c693a6e4EAcb5B60602C4D
This verified contract ensures security, transparency, and interoperability across wallets, exchanges, and DeFi platforms. Always double-check this address when conducting transactions to prevent phishing or spoofing attempts.
How to Access Your CXT Tokens
Whether you hold CQT on an exchange, in a staking position, or in a self-hosted wallet, accessing your CXT is simple and straightforward.
On Supported Exchanges
If your CQT is held on major platforms such as OKX, Gate, Kucoin, or Crypto.com, the migration will be handled automatically. No action is required—your CQT balances will be converted to CXT at a 1:1 ratio and reflected in your account.
Exchange users benefit from a frictionless transition, with minimal downtime and immediate access to the new token.
For Staked CQT Holders
Stakers play a vital role in securing the Covalent Network. To ensure continuity, all staked CQT positions have been automatically migrated to CXT. Rewards will continue to accrue under the new token standard without interruption.
This seamless transfer protects stakers’ yield and reinforces trust in the network’s long-term stability.
Self-Hosted Wallet Users
Users who hold CQT in non-custodial wallets (e.g., MetaMask, Ledger, Trust Wallet) will receive their CXT via an airdrop. The distribution follows the same 1:1 ratio, ensuring full parity between old and new balances.
To claim your tokens:
- Ensure your wallet contains CQT at the time of the snapshot.
- Wait for the airdrop to be processed—no manual claiming is required.
- Refresh your wallet or add the CXT token contract manually if it doesn’t appear automatically.
👉 Learn how to securely manage ERC-20 tokens in your self-hosted wallet.
Why CXT Matters: A New Era for Onchain Data
CXT isn’t just a rebranded token—it’s a strategic upgrade designed to fuel Covalent’s next phase of growth. As demand for reliable, real-time blockchain data surges across DeFi, NFTs, and Web3 applications, CXT enhances the network’s ability to deliver scalable and verifiable data solutions.
Core Benefits of CXT:
- Increased Utility: CXT will be used for API fee payments, staking, governance, and ecosystem incentives.
- Improved Liquidity: Launching on Ethereum improves accessibility and integration with leading DeFi protocols.
- Community Empowerment: With stronger governance rights, CXT holders can propose and vote on key network upgrades.
- Future-Proof Infrastructure: The migration paves the way for cross-chain expansion and advanced data indexing capabilities.
By aligning tokenomics with network usage, Covalent ensures that CXT remains intrinsically valuable to developers and users alike.
Frequently Asked Questions (FAQ)
Q: Is the migration from CQT to CXT mandatory?
A: Yes—the transition is mandatory as CQT will be fully deprecated. All holders must move to CXT to continue participating in the ecosystem.
Q: Do I need to pay gas fees to receive my CXT?
A: No. If you hold CQT in a self-hosted wallet, the airdrop is automatic and free. However, you may need ETH to cover gas fees when interacting with your CXT (e.g., transferring or staking).
Q: Can I still stake CXT?
A: Absolutely. Staking remains a core function, and all previous staking positions have been carried over seamlessly.
Q: Will CXT have the same total supply as CQT?
A: The initial supply mirrors the existing CQT distribution. No inflationary minting occurred during the transition.
Q: Where can I trade CXT?
A: CXT is listed on major exchanges including OKX and others supporting Ethereum-based tokens.
Q: How does this affect API users and developers?
A: No disruption. Developers continue using Covalent’s APIs as before—only the underlying token has changed.
Embracing Innovation with Confidence
The launch of CXT symbolizes more than technical progress—it reflects a shared commitment between Covalent and its global community. From developers building dApps to analysts tracking onchain trends, every participant contributes to a more transparent digital economy.
As we enter this New Dawn, Covalent remains focused on delivering fast, accurate, and unified data across blockchains. With CXT at the core of its economic model, the network is better equipped than ever to scale alongside the evolving Web3 landscape.
👉 Explore how next-generation tokens are driving blockchain adoption worldwide.
Looking Ahead
The journey doesn’t end here. Future upgrades will introduce enhanced staking tiers, decentralized identity integration, and AI-powered data analytics—all powered by the CXT ecosystem.
Covalent invites developers, validators, and community members to join in shaping what’s next. Stay informed through official channels and continue contributing your voice through governance participation.
Welcome to Day Zero.
Welcome to the New Dawn.
Welcome to CXT.
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