Covalent Tokenomics Overview
Full Covalent tokenomics breakdown: CXT token allocation, vesting schedule, supply distribution, unlock dates, and investor terms.
Produced by Tokenomics.com with data verified by the Covalent team.
TGE DateJune 21, 2021
Max Total Supply1,000,000,000
Total Supply1,000,000,000
Transparency
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Investor Rounds & Terms
Comprehensive breakdown of all investment rounds, pricing terms, and vesting schedules
CXT Tokenomics FAQ
Key questions and answers about Covalent tokenomics.
What is the token allocation for CXT?
Covalent token distribution allocates 1,000,000,000 CXT across 5 primary stakeholder groups:
- Private Investors: 33.32% (Private Sale 20.39%, Seed Round 10.00%, Private Sale 2 2.93%)
- Community: 28.00% (Ecosystem 20.00%, Staking Rewards 8.00%)
- Foundation: 18.89% (Reserve 18.89%)
- Insiders: 16.36% (Team 14.36%, Advisors 2.00%)
- Public Investors: 3.43% (Public Sale Tier 1 1.15%, Public Sale Tier 2 1.15%, Public Sale Tier 3 0.84%)
What is the vesting schedule for CXT?
CXT uses variable cliffs and vesting schedules that change depending on the allocation:
- Private Sale: 25% released at TGE, 25% at 3 months, 25% at 6 months and 25% at 9 months.
- Ecosystem: 48 Month Linear Vesting
- Reserve: 45 Month Linear Vesting
- Team: 36 month vest; 25% earned at 1 year cliff
- Seed Round: 25% released after 6 months, 25% released after 12 months, 25% at 15 months and 25% at 18 months
- Staking Rewards: 6 Month Cliff, 47 Month Linear Vesting
- Private Sale 2: 3 Month Cliff, Linear Vesting Every 6 Months x4
- Advisors: 13 Month Cliff, 12 Month Linear Vesting
- Public Sale Tier 1: 100.0% at TGE
- Public Sale Tier 2: 1 Month Cliff, 12 Month Linear Vesting
- Public Sale Tier 3: 1 Month Cliff, 24 Month Linear Vesting
- Public Sale VIP: 6 Month Cliff, Linear Vesting Every 6 Months x4
How many CXT tokens unlock at TGE?
6.3% of the total supply (62,500,000 CXT) is unlocked at TGE, with the tokens split between Investors and Public Sale.
What is the total supply and circulating supply of CXT?
Covalent has a total supply of 1,000,000,000 CXT, of which 965,146,351 CXT (96.5% of total) is currently circulating.
What is the token emission schedule for CXT?
Total length of the full Covalent emission schedule is 5 years, with 37.23% released in Year 1, while the remaining 62.77% is released over the following 4 years.
What are the investor terms for CXT private and seed rounds?
Covalent has 7 investor rounds, with the following investment price and vesting:
- Seed Round: priced at $0.005, with 25% released after 6 months, 25% released after 12 months, 25% at 15 months and 25% at 18 months
- Private Sale: priced at $0.013, with 25.00% at TGE, 25% released at TGE, 25% at 3 months, 25% at 6 months and 25% at 9 months.
- Private Sale 2: priced at $0.085, with 25.00% at TGE, 25% released at TGE, 25% at 3 months, 25% at 6 months and 25% at 9 months.
- Public Sale Tier 1: priced at $0.35, with 100.00% at TGE, 100.0% at TGE
- Public Sale Tier 3: priced at $0.25, with 1 Month Cliff, 24 Month Linear Vesting
- Public Sale Tier 2: priced at $0.30, with 1 Month Cliff, 12 Month Linear Vesting
- Public Sale VIP: priced at $0.125, with 6 Month Cliff, Linear Vesting Every 6 Months x4
What percentage of CXT is allocated to the community?
28% of the Covalent supply is allocated to community focused pools such as Ecosystem and Staking Rewards.
What is Covalent (CXT)?
Covalent's $CQT tokenomics underpin a revolutionary blockchain indexing platform that leverages big data to deliver unparalleled accessibility to billions of blockchain data points. Covalent enables users to extract actionable insights by collating and normalizing data from dozens of sources, including multiple blockchains, nodes, and data feeds, into a single, user-friendly API. The platform supports developers, businesses, and investors by providing real-time access to both current and historical performance data for digital assets, all mapped per wallet. **Token Utility and Ecosystem Role** The $CQT token serves as a critical utility in Covalent's decentralized network. It powers the indexing-querying middleware, supporting a decentralized storage and compute layer with low fees and high throughput. $CQT facilitates staking for data integrity, query execution, and governance, allowing token holders to have a say in the network's evolution. This decentralization ensures data availability, consistency, and robust performance across the platform. **Economic Model** $CQT introduces a "usage-based" economic model, where developers utilize the token to access and query blockchain data via the Covalent API. This creates continuous demand for $CQT as the adoption of multi-chain systems increases. Covalent’s marketplace also incentivizes developers to create and list personalized API endpoints, monetizing their contributions using $CQT. **Technical Highlights** Covalent's standout features include indexing and decoding the complete datasets from multiple blockchains through a single API. The Primer Transformation Engine optimizes data queries for customized results, while enriched, decoded data eliminates the need for developers to dive into raw data structures or write custom decoding scripts. Designed as a no-code solution, Covalent is accessible to both tech-savvy developers and non-technical users, powering applications across seven blockchains for real-time insights in hours instead of weeks. **Market Position** Positioned as a leader in blockchain data accessibility, Covalent makes multi-chain adoption seamless for developers, cutting time-to-market significantly. Its unified API normalizes blockchain nuances and supports businesses seeking efficient, rapid access to key blockchain data without deep technical expertise, distinguishing itself from competitors. Covalent's $CQT tokenomics solidify its role as the backbone of decentralized blockchain data, driving innovation, accessibility, and governance in the blockchain ecosystem. Whether you're a developer, investor, or enterprise, Covalent provides the tools to unlock the full potential of blockchain data.
