Post
Topic
Board Announcements (Altcoins)
Re: 🔵🔵🔵[ANN] Covalent.ai – A Smart Policy Platform 🔵🔵🔵
by
Ace44
on 27/01/2019, 18:44:29 UTC
Does anyone here actually know how high the income from the private sale was? I can't find any exact information on the homepage.
But it would be interesting how high the reserves are, if the now 150million tokens want to buy back.

Me too I didn't hear anything about it but if I'm not mistaken they really got some good amount there for the project? I guess they really will going to do it and do the buy back program without any problem.

Did they disclose the exact numbers about what was raised in the private sale? It's a good question but I think they won't publish it if they haven't already done it by now. But I am sure they won't announce a 150MM token buy-back program if that would bear the risk that the project runs out of funds.

I am actually struggling to get the correlation between buying back program and the plan to raise funds to get their dapp prepared, I actually thought they needed to go through another round of funding to get the money raised

Did they actually state that they are looking for avenues to raise funds?, well if yes, i believe they will use private investors as their main source to achieve that, just like they initially did, the buy-back program revolves around building value around the token, so i think they are two different things with each focusing on its aspect, with a clear definition