COVA Has Completed Phase 1 of the “150M COVA buy-back program”

Dear Community

On Jan. 23rd, Covalent Foundation announced its three-phase “150M COVA Buy-Back Program”. We are pleased to tell you that the Managing Team has completed the first phase of this program. A total amount of 50M COVA has been purchased, and they are stored in the following address: 0xe7AD92e77Bc1981f276D20BaF8f453658084296F.

These tokens will be used to set up the COVA DApp Ecosystem Fund, which will be used towards incentivizing DApp development teams and towards Airdrops campaigns for driving DApp adoption. We will share more details regarding this fund later.


Jan. 28th, 2019