Wu Blockchain (@WuBlockchain): Covalent has announced the launch of the Covalent Strategic Reserve, a multi-year locked reserve funded by onchain and offchain revenue, including per…
Estimated coin impact
Scores are not price-change percentages. High impact means a score of +70 or more, or -70 or less.
- CXT+75Positive
Covalent has announced the launch of the Covalent Strategic Reserve, a multi-year locked reserve funded by onchain and offchain revenue, including periodic CXT buybacks. The reserve aims to accumulate ~10% of CXT supply and will require governance votes for any future outflows. In 2025 alone, over 17M CXT was repurchased through offchain revenue-backed buybacks, in addition to 9.05M CXT removed via daily automated onchain buybacks.