Express
Numerai Launches Strategic NMR Buyback Plan
Summary: Numerai has announced a strategic buyback plan for NMR tokens. With a fixed supply of 11 million tokens, only around 3 million remain in the treasury due to payments to data scientists. To ensure continued support for staking and rewards, Numerai will repurchase $1 million worth of NMR on the open market. To maintain transparency, ...
Numerai has announced a strategic buyback plan for NMR tokens. With a fixed supply of 11 million tokens, only around 3 million remain in the treasury due to payments to data scientists. To ensure continued support for staking and rewards, Numerai will repurchase $1 million worth of NMR on the open market. To maintain transparency, Coinbase Institutional will assist in the buyback process, aiming to avoid market disruption by placing orders at or near market price levels. This may result in a gradual completion of the buyback.
