LOL you need to have money to do buy backs thats sorta how exchange buy backs work lol, it's silly to think they would spend enough to buy that much tokens if they didnt have the liquidity to handle it
Few days back I saw Da Eun Lee talk about the next Killer dApp in Blockchain at the 2nd Chainers Summit in Seoul. The buyback isnt just to keep a better trading price for cova but part of a process to incentivize developers to produce applications under COVA protocols.
Yes, I know. The tokens that they buy back won't be burned. They will be given to DApp developers who create DApps for the COVA protocol.