Numerai plans to repurchase $1 million NMR tokens

According to The Block, decentralized hedge fund Numerai announced that it will repurchase its own token Numeraire (NMR) worth $1 million from the public market. This repurchase will be carried out in stages, aiming to support the long-term interests of participants and avoid market fluctuations. In the past year, the asset size managed by Numerai has grown from $173 million to over $440 million, with a monthly trading volume of over $1 billion on the platform, covering more than 30 markets worldwide. At present, there are less than 3 million NMR tokens in the Numerai repository, and the repurchase initiative is seen as a commitment to the ecosystem and economic balance.