Covalent Network’s native token CQT is renamed CXT, ushering in a new era for CXT

Covalent Network, a modular data infrastructure focused on AI and Web3, announced that its governance proposal has been voted through and implemented by the community. The proposal includes deploying the native token CQT to a new smart contract, migrating and renaming it to CXT, which aims to improve the infrastructure and lay the foundation for supporting modular data solutions and long-term data availability. In addition, centralized exchanges such as OKX, Gate, Crypto.com, KuCoin, BingX and MEXC have made preparations to support this migration. This migration is part of the "New Dawn" plan, which also includes Arthur Hayes joining as a strategic advisor, a $5 million financing led by RockTree Capital, and a migration from Moonbeam to Ethereum. This transition lays a solid foundation for the future growth of Covalent Network (CXT). The CXT token will be the core of the operating network, supporting thousands of network users, more than 230 chain ecosystems, and more than 300 million wallets. Covalent Network will continue to develop long-term ecological development plans to support the innovation and growth of CXT.