Covalent Token Sale (2021): Sale History, Figure & Outcome
Covalent conducted a token sale for its CQT token on CoinList in April 2021. The Ethereum-based project allocated a portion of its supply through this structured offering.
| Token | Covalent (CQT) |
|---|---|
| Sale year | 2021 |
| Category | CoinList sale |
| Chain | Ethereum |
| Documented figure | $10,000,000 |
| Outcome | listed |
| Data tier | 2 — research-lane verified |
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What the record shows
The sale distributed 3.5% of CQT's total supply, raising USD 10 million across three pricing tiers tied to token lockup periods. Nearly 400,000 participants registered, setting a participation record for CoinList sales at the time. The record indicates the token became available on secondary markets afterward.
Era context: the ido era (2021–2023)
This sale occurred during a period when decentralized launch platforms enabled smaller projects to conduct permissionless offerings. Many gaming and DeFi tokens emerged through similar mechanisms during these years, though numerous projects later became difficult to track.
This sale is one of the 787 entries in our The IDO Era (2021–2023) era archive, part of the complete history of crypto presales — a sourced dataset where every figure links to the page that shows it.
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More from this era
- CryptoArt.Ai (2021)
- DecentraWeb (2021)
- Decimated (2021)
- DeFi Land (2021)
- DeRace (2021)
- Divergence (2021)
Researching sales running right now? See the regularly updated crypto presale list.
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Sources
- https://www.coindesk.com/tech/2021/05/10/blockchain-data-project-covalent-sells-10m-of-native-cqt-token
- https://blog.coinlist.co/covalent-token-sales-sets-registration-record-on-coinlist/
- https://cryptototem.com/covalent-cqt/
This page is historical research built from a sourced dataset — not a recommendation to buy anything. Token sales are high-risk. Money figures appear only where the cited source shows one. Corrections with sources: support@bmic.ai.