Numerai Announces $1 Million Buyback of NMR Coin
2025-07-18 07:45:35
Main Idea
Numerai, a decentralized hedge fund, has announced a $1 million buyback program for its NMR coin to limit price volatility and support its staking ecosystem.
Key Points
1. Numerai announced a $1 million buyback program for its NMR coin to stabilize its price and support the staking ecosystem.
2. The fund's asset management volume grew from $173 million in June 2024 to over $441 million within a year.
3. The staking program has increased locked NMR coins, reducing the project's treasury balance to below 3 million coins.
4. Numerai's weekly tournament involves data scientists contributing predictions to the Stake-Weighted Meta Model, which has outperformed individual models.
5. CEO Richard Craib highlighted the Meta Model's success and the growing role of NMR in the fund's ecosystem.
Description
Numerai publicized a $1 million NMR coin buyback program for market price stability. The buyback aims to enhance transparency and maintain liquidity balance in the market. Continue Reading: Numerai Announces $1 Million Buyback of NMR Coin The post Numerai Announces $1 Million Buyback of NMR Coin appeared first on COINTURK NEWS .
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