Numerai launches strategic NMR buyback program

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Mars Finance News, on July 17, according to official sources, Numerai stated that NMR is a token with a fixed supply, with a total cap of 11 million tokens. As Numerai pays data scientists from its treasury, only about 3 million tokens remain, and once depleted, it will be unable to continue supporting staking and reward payments. Therefore, Numerai announced that it will repurchase NMR worth $1 million in the open market. To conduct this repurchase as transparently as possible, they have communicated with the Coinbase Institutional team, who will assist in facilitating the purchase. They do not wish for the repurchase action to disrupt the NMR market in any way, so Coinbase will place orders at or near the bid price. This means the repurchase may take some time to complete.

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