Numerai, a decentralized investment fund, has announced a plan to buy back 1 million USD of NMR Tokens to reinforce economic balance and support long-term investors.
After assets under management increased from 173 million USD to over 440 million USD in one year, the token buyback is conducted flexibly to reduce market volatility, reinforce trust, and create sustainable liquidity.
MAIN CONTENT
Numerai will buy back 1 million USD of NMR Tokens from the open market.
Assets under management of Numerai increased to over 440 million USD within a year.
Monthly trading volume exceeds 1 billion USD, operating in over 30 global markets.
What is Numerai and why is the token buyback plan important?
Numerai is a decentralized investment fund specializing in AI applications for asset management, led by financial technology experts. According to The Block 2024 report, the token buyback aims to protect the long-term interests of investors and ensure market stability, reflecting a commitment to strict economic governance.
The token buyback plan often helps reduce the circulating supply of NMR, supports the value of the token, and increases reliability with investors and strategic partners.
What is the scale and growth rate of Numerai's assets over the past year?
In contrast to many other funds, Numerai has expanded its assets under management from 173 million USD to over 440 million USD, equivalent to an increase of more than 154% in the past 12 months, based on the global cryptocurrency market analysis data for 2024.
This growth reflects the efficiency of the decentralized investment model and the trust from the community, contributing to enhancing Numerai's position in the international market.
What is the trading volume and operational scope of Numerai?
According to the latest report, Numerai's monthly trading volume exceeds 1 billion USD, with coverage across more than 30 international markets. This demonstrates the fund's strong liquidity and global operational scale.
The token buyback plan is not only a financial move but also a testament to the long-term commitment to developing the Numerai ecosystem sustainably.
Erik Carlson, CEO of Numerai, July 2024, The Block
How many NMR Tokens does Numerai have in its treasury and what is the significance of the buyback?
Currently, the Numerai treasury holds under 3 million NMR Tokens; the buyback of 1 million USD Tokens from the market aims to maintain economic balance and enhance long-term value for the ecosystem. This is a strategic move to stabilize liquidity and build investor confidence.
Comparison table of asset development and trading activities of Numerai
Year Assets Under Management (million USD) Monthly Trading Volume (billion USD) Market Coverage 2023 173 0.6 20 markets 2024 440+ 1+ 30 markets
Frequently asked questions
What is the purpose of Numerai's token buyback?
This activity helps balance the economy, increase price stability, and demonstrates the platform's commitment to sustainable development for investors.
What is the current level of assets under management for Numerai?
2024 data shows that assets under management exceed 440 million USD, a significant increase compared to the previous year.
What does Numerai's monthly trading volume signify?
Over 1 billion USD/month indicates high liquidity and an expanded trading range across more than 30 global markets.
What impact does the token buyback have on the price of NMR?
Reducing the circulating supply of Tokens helps support prices and create long-term market stability.
How many Tokens does Numerai hold in its treasury currently?
The treasury currently holds under 3 million NMR Tokens, indicating that the fund maintains sufficient resources for the buyback.
Source: https://tintucbitcoin.com/numerai-se-mua-lai-1-trieu-nmr/
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