Covalent launches a proposal vote to migrate CQT tokens to CXT

On July 9th, Covalent, an AI data infrastructure company, announced a governance proposal to migrate its existing CQT token to CXT. The voting for this proposal on Snapshot will end on July 11th. Covalent stated that all tokens will be safe during the entire migration period. All token holders, operators, and delegates' CQT holdings will be automatically migrated to CXT at a 1:1 ratio. CQT trading will stop at UTC 00:00 on July 9th, and CXT trading will resume after the successful completion of the governance vote and migration.