Decentralized hedge fund Numerai plans to repurchase $1.00 million in NMR tokens.

According to The Block, decentralized hedge fund Numerai plans to repurchase $1.00 million worth of $NMR tokens. The repurchase will be carried out in stages, with orders placed at or near the current bid price. Officials stated that the repurchase is intended to strengthen its commitment to the ecosystem and help maintain economic balance as it scales. [Foresight News]