Few days back I saw Da Eun Lee talk about the next Killer dApp in Blockchain at the 2nd Chainers Summit in Seoul. The buyback isn’t just to keep a better trading price for cova but part of a process to incentivize developers to produce applications under COVA protocols.
Yes, I know. The tokens that they buy back won't be burned. They will be given to DApp developers who create DApps for the COVA protocol.
I see, For me it's a good idea also they can be sure that the tokens will be given to some worth person to hold it it. Another is the buy back program is really good.