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Covalent Launches Strategic Reserve with Major CXT Buybacks

Covalent Launches Strategic Reserve with Major CXT Buybacks

Author:

Global Cryptocurrency

Published:

2025-10-24 07:09:02

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BTCCSquare news:

Covalent has introduced the Covalent Strategic Reserve, a long-term fund supported by both onchain and offchain revenue streams. The initiative includes regular buybacks of its native CXT token, aiming to accumulate approximately 10% of the total supply. Community governance will oversee all expenditures from the reserve.

In 2025, Covalent repurchased more than 17 million CXT tokens through revenue-backed buybacks. An additional 9.05 million tokens were permanently removed from circulation via daily onchain automation, underscoring the project's focus on sustainable tokenomics.

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