Covalent Partnership with Taiko – Covalent’s Partner Ecosystem Airdrop Program Kicks Off August 1st with $100,000 Worth of TAIKO Tokens Distributed to CXT Stakers

Covalent Partnership with Taiko – Covalent’s Airdrop Program in Partnership with Taiko

Covalent Partnership with Taiko– Covalent, the modular data infrastructure for AI, is excited to announce the first project in its Partner Ecosystem Airdrop Program: TAIKO. This initiative provides Covalent CXT stakers access to airdrops from its expansive ecosystem. The initial airdrop, distributing $100,000 worth of TAIKO tokens to CXT stakers, will take place on Thursday, August 1st, 2024. With over 230 blockchains in its ecosystem, Covalent continues to offer numerous opportunities and rewards to its community.

The Ecosystem Airdrop Program is designed to reward loyal CXT token holders giving access to incentives from a vast array of the Covalent’s ecosystem partners networks. By collaborating with long-term partners like Taiko, Covalent aims to enhance market dynamics and deepen community engagement. This initiative focuses on long-term supporters who have navigated multiple technical changes, such as the staking migration from Moonbeam to Ethereum and the token migration from CQT to CXT.

Key Highlights:

• Airdrop date: Thursday, August 1st, 2024
  
• Airdrop amount: $100,000 worth of TAIKO tokens
  
• Eligibility: CXT token holders who have staked
  
• No Claim Process: Tokens will be automatically airdropped to eligible staked wallet addresses 

To participate in Covalent’s Partner Ecosystem AirDrop with Taiko, individuals must have staked  their CXT tokens prior to the snapshot date (July 30th, 2024). In order to ensure a fair and meaningful distribution, the airdrop amount is based on the length of time the CXT tokens are staked, a normalized staked amount, and rewards. This means that everyone, not just the top stakers, will receive a meaningful airdrop. Stakers can access the Airdrop Portal for details on their eligibility and rewards. 

For more information about the Covalent Ecosystem Airdrop Program and how to participate in future drops, please visit: https://www.covalenthq.com/blog/cqt-stakers-airdrop

Check out Covalent’s staking dashboard to learn more about how you can stake your CXT: https://www.covalenthq.com/staking/#/

Verify your eligibility for future partner airdrops here: https://www.covalenthq.com/airdrops/

About Covalent

Covalent is the leading modular data infrastructure layer dedicated to solving major challenges in blockchain and AI, including verifiability, decentralized AI inference, and Long-Term Data Availability. Its large reservoir of structured, verifiable data enhances decentralized training and inference, reducing the risk of manipulated or biased AI models. Additionally, the Covalent Network’s Ethereum Wayback Machine ensures secure, decentralized access to Ethereum’s transaction data. Trusted by over 3,000 leading organizations, Covalent powers AI, DeFi, GameFi, and more with unfettered access to on-chain data from over 230 blockchains.

Learn about the EWM: Technical | Non-Technical

For more information, check out Covalent’s: Official Website | Twitter/X | Linktree

For the latest in crypto updates, keep tabs on Crypto Data Space.