Covalent is a blockchain startup that revealed a new product on Binance today. The project is developing a data-sharing network for enterprises and has already partnered with some major firms, including Binance.
The Covalent network will be powered by a new type of token called an ERC20 cToken. These cTokens will be used to access data on the network and will be earned by participating in data-sharing activities.
The Covalent team believes that their product can help companies to securely share data and create new business opportunities. The project has already attracted attention from some major enterprises, and it is exciting to see what the future holds for Covalent.
Yes, Covalent is on Binance.