On July 9th, AI data infrastructure Covalent announced a governance proposal to migrate Covalent Network's existing tokens, CQT, to CXT. Voting on the proposal on Snapshot will close on July 11th. Covalent said that all tokens are secure throughout the migration period. CQT holdings of all token holders, operators, and principals will be automatically migrated to CXT at a 1:1 ratio. CQT trading will stop at 00:00 UTC on July 9th, and CXT trading will resume after the successful completion of the governance vote and migration.