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.
When did they sell their tokens? Now they are going ahead with buyback. Buyback from whom?
Their were private investors! and team released some token on market through the BITMAX Airdrop and sold some when they first came in the market! in simple word they are buying back from circulating supply!
if so, Covalent's token market conditions will be stable, because the team will maintain the quality of their token prices, and even covalen tokens will also become more valuable if the project team continues to develop their performance.