Post
Topic
Board Announcements (Altcoins)
Re: 🔵🔵🔵[ANN] Covalent.ai – A Smart Policy Platform 🔵🔵🔵
by
Kinkadeinspired
on 24/01/2019, 16:53:23 UTC
Hello everyone, here is another exciting update from COVA.
Covalent kicks off 150MM COVA buy-back program. https://t.me/covalentofficial/113477

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

When did they sell their tokens? Now they are going ahead with buyback. Buyback from whom?

Lol, this is a very wonderful question. I still don't understand why they did not hold a token sale and also decided to sell through exchanges (still a mystery seeing as they expected private investors to sell?) and now they want to buy back from people that they didn't sell to. It's just too complex.