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Home > News

Published: 25/03/2024

-
Author: Kane

Covalent Launches Airdrop for CQT Stakers
Covalent, the infrastructure platform, has launched an airdrop program for those who stake CQT tokens. To learn more about this program, read the details here!

Azcnews Breaking1
Covalent (CQT), a project providing a unified API interface for accessing data from various blockchains, has just introduced an enticing airdrop program for CQT token stakers. Specifically, this program will allow those staking CQT to receive rewards from partners within the Covalent ecosystem.


This initiative aims to recognize and reward the community’s support and contributions to the project. The program will categorize CQT token stakers into four different groups based on the duration of their stake, with each group receiving its own rewards.

To participate in upcoming airdrop rounds, users need to become CQT token stakers. Detailed instructions can be found here!

Related: How to Participate in the Backpack Airdrop

About Covalent and CQT Price Dynamics
Interface Covalent
Covalent is a pioneering project in providing a unified API interface, enabling quick and large-scale access to blockchain data across over 200 different chains. The project utilizes big data processing technology to extract meaning from hundreds of billions of data points, providing valuable insights for investors and helping developers focus resources on key objectives, delivering higher value for organizations.

Covalent collects, processes, indexes, and stores blockchain data from various sources into a local data warehouse, which users can query through a single API. During this process, Covalent uses proof-of-stake via Moonbeam to authenticate completed tasks at each step, ensuring security and standardizing blockchain data with encryption, allowing data queries from any chain through a unified API.

The Covalent Query Token (CQT) is the project’s native token, playing a crucial role with three main functions:

CQT serves as governance token, allowing holders to vote on proposals to change system parameters.
CQT acts as a staking asset, where validating nodes receive rewards for processing and responding to data queries.
CQT functions as a network access token, used by users to execute data queries through Covalent’s API interface.
Read More
#Airdrop
#covalent
#CQT
4.3/5

(6 votes)
Avatar of 拾柒
拾柒
25/03/2024 at 1:08 pm
That‘s very goood！

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Avatar of 拾柒
拾柒
25/03/2024 at 1:08 pm
That‘s very goood！I already seeing that！

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Avatar of Kstmofizur
Kstmofizur
25/03/2024 at 5:02 pm
Hallo I am mofizur Rahman
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Avatar of Romeo Vincent
Romeo Vincent
25/03/2024 at 10:43 pm
This is amazing!

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Victor
26/03/2024 at 2:23 am
Beautiful

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News | Altcoin | Editor Choice 26/03/2024

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Escalation of Tensions Between Nigeria and Binance

The Nigerian tax authority has charged Binance with four tax-related offenses. Tensions heightened further when one of the two Binance employees was detained by the Nigerian government.

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Home > News

Published: 26/03/2024

-
Author: Kane

Escalation of Tensions Between Nigeria and Binance
The Nigerian tax authority has charged Binance with four tax-related offenses. Tensions heightened further when one of the two Binance employees was detained by the Nigerian government.

Azcnews Breaking
The legal battle between cryptocurrency exchange giant Binance and the Nigerian government shows no signs of easing. In the latest development, the Federal Inland Revenue Service (FIRS) of Nigeria has officially charged Binance with four serious tax offenses before the Supreme Court in Abuja.


According to the allegations, Binance is accused by FIRS of evading value-added tax (VAT), corporate income tax, failure to declare taxes, and complicity in helping customers evade taxes through their platform.

This move comes after tensions escalated when Nigeria temporarily detained two Binance staff on February 28 and rumors circulated about demanding $10 billion in compensation from the exchange, although this was later denied by the government.

Related: BingX Launches P2P Merchant Recruitment Program in Nigeria

Binance’s Response
Binance (1)
In response to the confrontation, Binance suspended all services and delisted the Naira pairings from its platform. However, the Nigerian court continues to apply pressure, demanding that Binance hand over all transaction data of Nigerian users.

Of note is the shocking news from Premium Times that one of the two Binance employees detained by Nigeria, Africa Director Nadeem Anjarwalla, escaped after the Ramadan prayers on March 22.

The fate of this director remains uncertain, while Binance remains relatively silent. The legal battle continues to intensify with new developments emerging continuously.

Read More
#Binance
#Nigeria
5.0/5

(28 votes)
Avatar of Victor
Victor
26/03/2024 at 2:45 am
Good job Nigeria

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Avatar of
Anonymous
26/03/2024 at 6:07 am
You are stupid

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Avatar of
Anonymous
26/03/2024 at 6:20 am
Good job for what. Is Binance Nigeria problem. Why should they detain Binance staffs

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Avatar of
Anonymous
26/03/2024 at 7:21 am
Which one is good Job…. Binance is not the problem of Nigeria… The government better withdraw this case and try to fixed things not to waste things the more

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Avatar of
Anonymous
26/03/2024 at 9:57 am
What do you know about taxes and legal framework of multinational companies?

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Avatar of Victor
Victor
26/03/2024 at 2:58 am
Beautiful and well organized one

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Avatar of
Anonymous
26/03/2024 at 4:54 am
There is no sign that this battle will ease anytime soon. I do wonder why Binance keeps having regulation crises in most countries. However, I am not happy because 70% of my portfolio is in Binance but recently I had to switch to Bitget due to its regulatory compliance nature.

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Avatar of
Anonymous
26/03/2024 at 5:00 am
Why when they started operation the government kept quiet until this time.

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Avatar of
Anonymous
26/03/2024 at 8:27 am
$ is down to 1300 and the cost of living in Nigeria is still at 1900 and you say binance is the problem of Nigeria how

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Avatar of
Anonymous
26/03/2024 at 5:26 am
Well, we’re officially screwed now. Useless country

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Avatar of
Anonymous
26/03/2024 at 7:46 am
Useless Leaders NOT COUNTRY. I hope this will end well.

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Avatar of
Anonymous
26/03/2024 at 10:18 am
Tinubuuuu 🤗🤗🤗🥹🥹🥹

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Avatar of Anonymous
Anonymous
26/03/2024 at 8:02 am
The government is just looking for who to blame in mismanaging the Naira and economy. Binance is not our problem in Nigeria.

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Avatar of
Anonymous
26/03/2024 at 8:15 am
Govrt than banned crypto want to collect taxes from crypto😂😂😂,it’s like it is only taxes our government know how to collect.instead of liasing with binance to enable Nigerians benefit from the platform.

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Avatar of
Anonymous
26/03/2024 at 9:25 am
Hmm that’s Nigeria where nonesensity goes to survive
You Nigeria hate to see your citizens at ease maybe you just want everyone to be like that bandits, mtsww

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Avatar of
Anonymous
26/03/2024 at 9:41 am
Nigeria leaders should look for perfect way to solve the country’s problem not putting the fault on others

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Avatar of
Anonymous
26/03/2024 at 10:05 am
Selfish leaders. They will still loot the $10B

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