7 days before Covalent EPOCH 2 ends...
on that note...
CXT is going to be the native settlement token of @Covalent_HQ will be futuristically used in distribution of rewards for node runners for answering the API query, how?
When a call is requested and paid for in USDC, this is used to buy $CXT which is further used to CXT. this creates a demand, and improves the price of CXT and all these settlement are going to happen on the Moonbeam ledger.
Why? USDC? Simple. It's easier to budget with. When number of API queries increase, it means more earning in USDC and more buy pressure from the market.
2.23K
107
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.