The @Covalent_HQ is picking up speed. Big AI news is on the horizon but for now, here’s a major update on Light Client rewards, WallChain community growth, & our evolving $CXT buyback plans.
Over the past few months we’ve:
• Hit major technical milestones
• Expanded ecosystem mindshare
• Fueled the ultra-fast data flywheel (GoldRush usage → $CXT buybacks)
Now, we’re making that loop more explicit—and maybe permanent.
Light Client Tester Rewards at @Covalent_HQ
They kicked off open testing of EWM Light Clients, the most experimental phase in Covalent’s history
These clients shift us from just historical data → sub-second, onchain “hot” data powering HFT bots + AI agents across 150+ chains
Rewards:
• 1M $CXT allocated
• Phase 1: 700k (Oct–Dec ‘24)
• Phase 2: 300k (Dec–Jan ‘25)
• Weighted by active days, tasks, uptime (2/3)
Community Flywheel + Buybacks
@wallchain_xyz has @Covalent_HQ in the top 10 by mindshare (Messari), beating projects 10x our size. Rewards are being retooled:
• Bigger top-end prizes
• Dynamic tiers (1–300 ranks)
• $40K $CXT this month
At the same time, buybacks are leveling up. Beyond daily onchain buys (~1% supply so far), we’re exploring a Strategic $CXT Reserve + even planned burns. With no unlocks ahead, $CXT is structurally deflationary.
The flywheel is simple: builders use GoldRush → usage funds buybacks → community grows. And what’s next will only accelerate it.
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