Connect with us

Hi, what are you looking for?

Daily Market SolutionDaily Market Solution

Investing

Covalent Launches Strategic Reserve with Major CXT Buybacks

Published

The post Covalent Launches Strategic Reserve with Major CXT Buybacks appeared first on Coinpedia Fintech News

Covalent has unveiled the Covalent Strategic Reserve, a long-term fund powered by both onchain and offchain revenue, including regular CXT token buybacks. The reserve plans to accumulate around 10% of the total CXT supply and will require community governance for any spending. In 2025, Covalent repurchased over 17 million CXT through revenue-backed buybacks and removed another 9.05 million via daily onchain automation, reinforcing its commitment to sustainable token economics.

In this article:







    You May Also Like

    Editor's Pick

    Far-right attacks target J.D. Vance’s wife Usha’s Indian heritage

    Extremist supporters of former president Donald Trump are lashing out online against Usha Vance, the wife of Trump’s running mate, Sen. J.D. Vance (R-Ohio),...

    July 18, 2024

    Investing

    Ample supply, slow demand to temper oil price gains in 2025

    By Anushree Mukherjee and Brijesh Patel (Reuters) -Oil prices are likely to be constrained near $70 a barrel in 2025 as weak demand from...

    January 2, 2025

    Investing

    Top 5 ASX Technology Stocks

    Australia is home to a thriving tech sector with investment opportunities across a variety of subsectors. The tech sector contributed about AU$167 billion to...

    May 23, 2024

    Editor's Pick

    A GOP operative accused a monastery of voter fraud. Nuns fought back.

    Sister Stephanie Schmidt had a hunch about what her fellow nuns would discuss over dinner at their Erie, Pennsylvania, monastery on Wednesday night. The...

    October 24, 2024

    Disclaimer: Dailymarketsolution.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2024 dailymarketsolution.com