Quote from: Sozialtourist on January 23, 2019, 08:10:38 PM

Quote from: Pricebrianer on January 23, 2019, 07:51:34 PM

Quote from: ning_aric on January 23, 2019, 07:29:05 PM

Quote from: Pricebrianer on January 23, 2019, 01:46:33 PM

Hello everyone, here is another exciting update from COVA.
Covalent kicks off 150MM COVA buy-back program. https://t.me/covalentofficial/113477

Wow. Thats great.
Covalent team would start the tokens buy back today on the first stage of the tokens buyback. Its going to last for the next five days. Tokens up to 50 million would be used to setup the COVA dApp Ecosystem Fund.

Cova token buy back would create more value for long term COVA holders. Also Cova protocol is growing and has attracted a lot of attention at an unexpected pace. I dont know much about the use of Cova protocol in developing dApps for gaming and as an entertainment platform for crypto users but the buy back would drive adoption of cova data privacy model by most private enterprise clients

What exactly will happen with the 150MM COVA tokens that are bought back? I don't really understand what they mean with their COVA DApp Ecosystem fund.

I am a little bit confused too. Maybe something to sustain the stability of the dapp ecosystem. I haven't read the article so I can't say anything about that.