Recently, TokenInsight released an evaluation report on Covalent Network (CQT), covering the following six key dimensions.
Technology and Security: Founded in 2018, the mainnet was launched in 2021. Capture 225+ blockchain data and structure it into API endpoints. Smart contracts and staking contracts have been audited multiple times, and all high-risk vulnerabilities have been resolved or confirmed to be designed correctly.
Development Roadmap: It has a clear roadmap, covering important achievements and development plans for the fourth quarter of 2024.
Staking has recently been migrated to Ethereum, and the Ethereum Time Machine (EWM) infrastructure will be deployed next.
Token Economy: The native token $CQT has governance and staking functions and is issued to operators as a reward.
Token Performance: $CQT has been listed on exchanges such as OKX and KuCoin
Team and Partners: The core team has a background in blockchain and Internet industries.
Ecosystem Development: The community is active and decentralized governance has been launched. A token repurchase program is launched through business income to promote the development of a sustainable income-driven ecosystem.
Covalent Network provides enterprise-grade long-term data availability solutions, and TokenInsight's evaluation shows that it excels in technology, security, roadmap, token economics, team, and ecosystem.