Covalent X Token (CXT) is a cryptocurrency that operates on the Ethereum blockchain. It serves as a utility token within the Covalent platform, which aims to provide users with access to decentralized data infrastructure for blockchain networks. CXT can be used for various functions within the Covalent ecosystem, such as paying for network fees, accessing premium features, and participating in governance decisions. It is traded on various cryptocurrency exchanges and can be stored in compatible digital wallets.