Post
Topic
Board Announcements (Altcoins)
Re: 🔵🔵🔵[ANN] Covalent.ai – A Smart Policy Platform 🔵🔵🔵
by
faulerwilli
on 27/01/2019, 20:16:14 UTC
snip

I think you misunderstood something here. They are buying back tokens which they will then put in a fund that is meant to be distributed to DApp developers as incentives for their developing work. They are not planning to raise new funds as of now.

Ah, I didn't know that yet. Paying developers with their own tokens is of course a good idea. But you also have to find developers who are convinced of the project and want to take the risk of a price loss.