Covalent Launches Strategic Reserve with Major CXT Buybacks

Coinpedia 3 hours ago 134

The post Covalent Launches Strategic Reserve with Major CXT Buybacks appeared first on Coinpedia Fintech News

Covalent has unveiled the Covalent Strategic Reserve, a long-term fund powered by both onchain and offchain revenue, including regular CXT token buybacks. The reserve plans to accumulate around 10% of the total CXT supply and will require community governance for any spending. In 2025, Covalent repurchased over 17 million CXT through revenue-backed buybacks and removed another 9.05 million via daily onchain automation, reinforcing its commitment to sustainable token economics.

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