Popular cryptocurrency exchange platform, AscendEX, has recently announced the listing of new cryptoassets for trading. The platform where investors buy and sell Bitcoin (BTC) and other cryptoassets have announced in a statement that the staking and governance token Covalent (CQT), will be available on the exchange. The initial trading pair published by AscendEX will be CQT/USDT, with the pairing commencing following 1pm UTC on November 3rd. The announcement stated CQT would offer individual API for buyers to access on chain data. Their aim is to make on-chain data public, accessible and more affordable for the next one billion customers.
CQT is a staking and governance token that is used to reward validators for answering questions on the platform. Users of the platform and holders of Covalent (CQT) can vote on governance proposals within the platform. CQT is widely known for decoding large blockchain networks, which provides developers with access to uniform API.
The same API has access to countless data points across seven known blockchains and every subsequent wallet, which means developers will not be required to create new indexing codes.
The software creates a uniform API from various blockchains to assist anyone from developers to non-technical users. CQT’s goal is to make API’s accessible to any developer without them needing to understand the more technical aspects.
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