Covalent has completed the token migration from CQT to CXT

Blockchain data infrastructure company Covalent posted on the X platform that its governance proposal on "a series of changes from CQT to CXT" has been successfully approved and the relevant token migration has been completed. According to previous news, the proposal recommends the following major changes: 1. Change the token code from CQT to CXT. 2. Migrate the staking contract from CQT to CXT on the Ethereum chain. 3. Migrate future governance on the Ethereum chain from CQT to CXT. 4. Distribute CXT to all current CQT holders. 5. Improve overall token liquidity. Covalent said that all tokens are safe throughout the migration period. The CQT holdings of all token holders, operators and delegators will be automatically migrated to CXT at a ratio of 1:1. CQT trading will stop at 00:00 UTC on July 9, and CXT trading will resume after the successful completion of the governance vote and migration.