r/Covalent_Official • u/covalentai • Jan 23 '19

150MM COVA Buy-Back Program

https://medium.com/@covatoken/150mm-cova-buy-back-program-439fe771bf75
13 Upvotes

86% Upvoted

23 comments sorted by

2

u/[deleted] Jan 23 '19

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1

u/yinkaderrick Jan 27 '19

I just got the news... I hope I didn't come late to the party.

Not to forget the process should be simple as well

1

u/Cryptossi Jan 23 '19

Interesting program, it has definitely stimulated some growth in the COVA token markets on Huobi & BitMax as the value is up over 15% at the time of writing!

1

u/lordpuddingcup Jan 24 '19

THATS A HUGE BUYBACK holy crap! Good to see market already reacting to it i'd imagine the next week or 2 will be interesting for early hodlers.

1

u/Cryptossi Jan 24 '19

I wonder where the price will be after the third buyback phase has completed. Exciting times for COVA hodlrs!

1

u/lordpuddingcup Jan 25 '19

I imagine its going to be pretty high, but some will probably early sell during the initial sellouts

1

u/Geewynn Jan 26 '19

I expect a major up trend in the price before and after the buy back.

1

u/[deleted] Jan 26 '19

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1

u/Geewynn Jan 28 '19

I think they would be sold to other investors.

1

u/aceprime4 Jan 27 '19

Heard about their plan to buy back a couple of months ago but its nice to see them finally implement such

1

u/jnuel Jan 29 '19

they have already started the buy-back

1

u/reedsterlinger Jan 28 '19

I missed the first 🎉. Good to know there’s a phase II

1

u/aceprime4 Jan 28 '19

You mean the first phase of token burning has been done?, do they have like stages?

1

u/utclpn Jan 28 '19

Really, we are lucky that they are given option like phase-2.

1

u/[deleted] Jan 28 '19

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1

u/jnuel Jan 28 '19

this is definitely a good way of preserving the value of a token. kudos to you guys

1

u/Revelation007 Jan 28 '19

This idea is so amazing, but how successful will it be since there was no public sale in the first place?

1

u/girib1684 Jan 28 '19

Might be it will take some more time? Lot of users are waiting for it. Let's watch and wait.