Covalent to Migrate CQT to CXT Post Governance Proposal Pass
CryptoNewsTerminal Staff10 Jul, 2024
Covalent to Migrate CQT to CXT Post Governance Proposal Pass
Covalent (CQT) holders will soon be migrating to CXT following the passing of a governance proposal. The snapshot revealed that the proposal to migrate the token was passed earlier today, with all CQT held by token holders, operators, and delegates set to be automatically migrated to CXT on a 1:1 basis. This move is part of Covalent's broader strategic plan to enhance the utility and functionality of its token ecosystem.