Blockchain data infrastructure Covalent has completed the token migration from CQT to CXT.
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Blockchain data infrastructure Covalent has completed the token migration from CQT to CXT.
Covalent, a blockchain data infrastructure company, announced on X that its governance proposal regarding the "token transition from CQT to CXT and related changes" has been successfully approved, and the token migration has been completed. Key changes include: changing the token ticker from CQT to CXT; migrating the staking contract from CQT to CXT on Ethereum; transitioning future governance on Ethereum from CQT to CXT; and distributing CXT to all current CQT holders. Covalent stated that all tokens remained secure during the migration process. All token holders' CQT balances were automatically migrated to CXT at a 1:1 ratio. CQT trading was halted at 00:00 UTC on July 9, and CXT trading will resume after completion of the governance vote and migration.
Navigating Web3 tides with focused insightsTechFlow news — blockchain data infrastructure company Covalent announced on X that its governance proposal regarding a series of changes including the token symbol change from CQT to CXT has been successfully approved, and the related token migration has been completed.
Main changes include:
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Changing the token ticker from CQT to CXT.
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Migrating the staking contract from CQT to CXT on the Ethereum network.
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Migrating future governance on Ethereum from CQT to CXT.
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Distributing CXT to all current CQT holders.
Covalent stated that all tokens remained secure during the migration. All token holders' CQT balances have been automatically migrated to CXT at a 1:1 ratio. CQT trading was halted at 00:00 UTC on July 9, and CXT trading will resume after completion of the governance vote and migration.
