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by: xpoolPosted on: September 6, 2025

Covalent Boosts Deflationary Model with $900,000 Buyback

In a strategic move to bolster its deflationary model, Covalent recently initiated an on-chain buyback program of 900,000 $CXT tokens. This initiative significantly reduces the circulating supply by about 0.77%, reinforcing Covalent’s standing in the DePIN market. The buybacks are directly linked to revenue generated through API call services, with a significant portion (95%) allocated for this program.

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Covalent DeFi Deflationary Tokenomics

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