Bitget App
Trade smarter
Open
HomepageSign up
Bitget>
News>
Blockchain data infrastructure company Covalent plans to reserve 10% of the total supply of CXT.

Blockchain data infrastructure company Covalent plans to reserve 10% of the total supply of CXT.

ForesightNews2025/11/01 12:13

Foresight News: Blockchain data infrastructure company Covalent plans to establish a CXT strategic reserve, using real revenue from enterprises, developers, and vibecoders (utilizing the GoldRush API or SpeedRun Prompt-To-Earn platform), as well as on-chain integration revenue and ecosystem grants, to purchase CXT. The existing regular buyback plan will remain unchanged.


Covalent plans to reserve 10% of the total CXT supply, which will be locked for several years. Any use of the reserved funds will require governance voting.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Trending news

More
1
Lido partners with Chainlink, adopting CCIP as the cross-chain infrastructure for wstETH
2
Solana Company board approves $100 million stock buyback plan

Crypto prices

More
Bitcoin
Bitcoin
BTC
$103,097.78
-1.47%
Ethereum
Ethereum
ETH
$3,360.41
-5.93%
Tether USDt
Tether USDt
USDT
$0.9999
+0.02%
XRP
XRP
XRP
$2.26
-2.42%
BNB
BNB
BNB
$956.65
-0.54%
Solana
Solana
SOL
$158.54
-3.53%
USDC
USDC
USDC
$0.9999
-0.00%
TRON
TRON
TRX
$0.2873
+1.18%
Dogecoin
Dogecoin
DOGE
$0.1660
-0.84%
Cardano
Cardano
ADA
$0.5426
-1.44%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now
Trade smarter