Numerai Announces $1M Strategic Buyback Of NMR

This story was originally published on HackerNoon at: https://hackernoon.com/numerai-announces-$1m-strategic-buyback-of-nmr . Crowdsourced Hedge Fund Announces Strategic Token Buyback as Meta Model Leads Amid AUM Growth Check more stories related to web3 at: https://hackernoon.com/c/web3 . You can also check exclusive content about #web3 , #numerai , #chainwire , #press-release , #numarai-announcement , #crypto-exchange , #blockchain-development , #good-company , and more. This story was written by: @chainwire . Learn more about this writer by checking @chainwire's about page, and for more stories, please visit hackernoon.com . Numerai, the decentralized hedge fund powered by crowdsourced machine learning, today announced plans to buy back $1 million of its token, Numeraire (NMR), from the open market. The buyback reflects Numerai’s continued investment in its staking ecosystem, a mechanism that aligns thousands of global data scientists with the long-term performance of its hedge fund.