Covenant x402

Covenant x402 is a software infrastructure layer designed to give artificial intelligence agents the basic capabilities they need to operate on a blockchain called Robinhood Chain (chain ID 4663). AI agents cannot interact with conventional payment flows or store sensitive credentials safely, so the project claims to solve those gaps by bundling four services — metered payments, an encrypted credential vault, per-agent identity, and transaction observability — into a single running gateway. The token symbol is COVENANT and it is classified as an other digital asset within the AI and Robinhood Ecosystem categories.

The system runs as an open-source Node.js gateway called covenant-proxy, through which AI agents make per-request payments priced in USDG by submitting a signed PaymentIntent that the facilitator executes on-chain using an approve-and-transferFrom pattern, or by opening a session for repeated calls. Credentials are encrypted with AES-256-GCM, stored by reference, and substituted server-side so the underlying model never receives raw secret values. No consensus algorithm is recorded in the available data, and the block time figure stored is zero, so the mechanical role of the COVENANT token itself within settlement or governance is not described by the data held here.

The data held on this site does not include a fee stream, revenue figures, or a description of how value accrues to COVENANT token holders specifically. The circulating supply stands at 1,000,000,000 tokens, which equals the maximum supply, meaning the supply-issued percentage and the supply-versus-maximum percentage are both 100% on a point-in-time basis and the dilution overhang is 0%. Because no protocol fee data is present, fee-based valuation measures that this site might normally display are not applicable to this asset. The 24-hour turnover ratio recorded is 71.57%, meaning trading volume over that period was large relative to market capitalisation, though this figure describes activity rather than any fee or revenue flow.