Covalent is thrilled to announce the launch of its innovative Covalent Ecosystem Airdrop Program as part of The New Dawn initiative, designed to enhance the network and further decentralize its infrastructure for Long-Term Data Availability. The initiative is focused on improving infrastructure, optimizing staking mechanisms, and launching incentive campaigns to encourage participation and growth. It also aims to reward CQT token holders who have staked for their consistent support, participation, and contributions to the Covalent ecosystem.
The Covalent Ecosystem Airdrop Program is not just a token distribution; it is a strategic effort to stimulate market dynamics and foster deeper engagement among members of the Covalent community. Participants can access Covalent’s airdrop portal here, which offers a glimpse into the eligibility criteria and potential rewards.
As part of this initiative, Covalent has revealed that the first shortlist of tokens will be from long-term partners Taiko and zkSync. Covalent has been closely aligned with these projects since their testnet phases, collaborating to ensure seamless integration and mutual growth. More updates will be provided as Covalent continues to expand and enhance this initiative, bringing more opportunities and rewards to the entire ecosystem.
To participate in the ecosystem airdrop, individuals must stake their CQT tokens. If you haven’t already done so, please refer to the comprehensive staking dashboard for a step-by-step guide on how to stake your tokens. Once you are a CQT staker, visit the Airdrop Portal to view the tokens you are eligible for based on your staking contributions.
The overwhelming demand for CQT staking has led to the activation of a governance proposal to increase the max multiplier. This level of demand has surpassed expectations, indicating robust interest in Covalent’s staking program. To accommodate this demand, there are three tools available to introduce more delegation room, all of which require a governance process.
The New Dawn Airdrop Campaign marks a pivotal moment for the Covalent Network and its community. By rewarding loyal supporters and network participants, Covalent continues to pave the way for a robust and dynamic blockchain ecosystem.
For more information and to get involved, visit the Airdrop Portal.
About Covalent:
Covalent is the leading modular data infrastructure layer dedicated to solving major challenges in blockchain and AI. Covalent’s largest reservoir of structured, verifiable data augments decentralized training and inference, reducing the likelihood of manipulated or biased AI models. Additionally, Covalent’s Ethereum Wayback Machine ensures decentralized access to Ethereum’s transaction data, keeping it secure. Trusted by over 3,000 leading organizations, Covalent powers AI, DeFi, GameFi, and other use cases with unfettered access to on-chain data from over 225 blockchains and counting.