What is Covalent (CXT)

I. Project Introduction

Covalent is the leading modular data infrastructure layer, addressing critical challenges in blockchain and AI, including verifiability, decentralized AI inference, data for AI agents, and long-term data availability. Its extensive reservoir of structured, verifiable data empowers decentralized training and inference, mitigating risks of manipulated or biased AI models. The Covalent Network also features the Ethereum Wayback Machine, a secure, decentralized resource for Ethereum’s historical transaction data.Covalent's native token, the Covalent X Token (CXT), is an ERC-20 token used for governance and incentivizing participation within the network. Stakers of CXT are rewarded for reliable data retrieval. Fiat revenue from the enterprise purchasing of queries are used to do onchain buybacks of CXT and later distributed to Network Operators.

Trusted by over 3,000 organizations across sectors like AI, DeFi, and GameFi, Covalent provides seamless, verifiable access to data from more than 225 blockchains, revolutionizing how decentralized applications harness on-chain information.

II. Cryptocurrency Information

1) Basic Information

Name: CXT (Covalent)

III. Related Links

Official Website:https://www.covalenthq.com/

Whitepaper:https://www.covalenthq.com/docs/introduction

Blockchain Explorer:https://etherscan.io/address/0x7ABc8A5768E6bE61A6c693a6e4EAcb5B60602C4D

Social Media:

https://x.com/Covalent_HQ

Note: The project introduction comes from the materials published or provided by the official project team, which is for reference only and does not constitute investment advice. HTX does not take responsibility for any resulting direct or indirect losses.