Covalent (CQT) is the native token of the Covalent Network, a decentralized data infrastructure layer that provides a unified API to access blockchain data across multiple networks. The CQT token serves two primary purposes:

1. Staking: CQT is used for staking, which is essential for securing the network. Network Operators must meet a minimum staking requirement to participate in the network. They are compensated in CQT for their work, such as validating data requests, indexing blockchain data, and responding to queries. Token holders can also delegate their tokens to Network Operators and earn staking rewards in CQT.

2. Governance: CQT is used for protocol governance, allowing holders to vote on proposals to change the parameters of the protocol. This ensures that the community has a vested interest in the network and can shape its development.

In addition, CQT is used as a means of settlement within the network. When an application makes a call to the Covalent API, it pays in a US-denominated stablecoin, which is then converted to CQT through a market buy mechanism. This CQT is then distributed to the wallets of nodes as a reward for answering the API query.

To store Covalent (CQT) tokens, you can use a variety of wallets that support the token. Here are some options:

1. Atomic Wallet: Atomic Wallet is a multi-asset wallet that supports over 1,000 coins and tokens, including Covalent (CQT). It is available for both desktop and mobile devices and offers features like private key encryption and 24/7 online support.

2. Coin98 Wallet: Coin98 Wallet is another option for storing CQT tokens. It allows users to manage their tokens and provides additional features like staking and earning interest on their holdings.

3. Other Wallets: You can also explore other wallets that support Covalent (CQT) tokens. Ensure that the wallet you choose is reputable, secure, and compatible with your device.

Before selecting a wallet, consider factors such as security, ease of use, and the range of supported assets. Always follow best practices for securing your wallet and private keys to protect your tokens.

To buy Covalent (CQT) tokens, follow these steps:

1. Choose a Reliable Exchange: Find a centralized exchange that lists Covalent, such as Uphold, Kraken, or KuCoin. You can also use a decentralized exchange (DEX) that supports the blockchain where Covalent operates.

2. Create an Account: Sign up on the chosen exchange by providing your email address, mobile phone number, and country of residence. Ensure you create a strong password and follow any additional security measures, such as setting up two-factor authentication.

3. Verify Your Account: Complete the verification process by providing personal information and uploading a valid photo ID. This step is crucial to ensure the security of your account.

4. Add a Payment Method: Add a credit/debit card, bank account, or other accepted payment methods to your exchange account. This will allow you to fund your account and purchase Covalent tokens.

5. Buy Covalent: Use your funded account to buy Covalent tokens. You can do this by placing an order on the exchange's spot market. If using a DEX, connect your wallet and select the Covalent token to purchase.

6. Store Your Tokens: Once you have purchased Covalent tokens, you can store them in your exchange account or transfer them to a personal wallet for added security. Make sure to keep your wallet address and seed phrase safe.

Remember to carefully consider your investment experience, financial situation, investment objectives, and risk tolerance before investing in any cryptocurrency. Cryptocurrency prices are subject to high market risk and price volatility.