According to Bijié Wǎng, Covalent has launched a Strategic Reserve, a long-term fund supported by on-chain and off-chain revenue, to regularly repurchase CXT tokens. The reserve aims to accumulate up to 10% of the total CXT supply, with all spending governed by the community. In 2025, Covalent repurchased over 17 million CXT through revenue-supported buybacks and removed an additional 9.05 million tokens daily via automated on-chain operations, reinforcing its sustainable tokenomics approach.
Covalent Launches Strategic Reserve to Repurchase 10% of CXT Supply
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