Numeraire Rank 68
$30.110247
Numeraire Rank 68
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4,981,493 NMR

Numeraire
Numeraire
NMR

Numeraire Price
$30.11

Numeraire 24h Vol
$14,318,908

Numeraire Market Cap
$149,993,976

24h Vol
419 BTC
1 H
0.33 %
24 H
25.29 %
7 d
-22.47 %
Today Numeraire price in US dollars is currently 30.11 USD, and if converted to Bitcoin is 0.00088012 BTC. A total of 4,384 coin's are currently circulating in the Market. Numeraire prices are currently experiencing a change of 25.29 %, check all cryptocurrency. Over the past 24 hours 0.143 M US dollars Numeraire has been traded on Crypto Exchanges. Get Numeraire's progress by adding it to your favourites and creating a free portfolio if you wish.
Full Name
Numeraire
Symbol
NMR
Algorithm
ETH Token
BTC Price
0.00088012 BTC
BTC Market
4,384 BTC
BTC 24h Vol
419 BTC
Total Coins Mined
4,981,493 NMR
1h
0.33 %
24h
25.29 %
7d
-22.47 %
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Description

Description


Numerai is a network of data scientists that are incentivised to forecast models to improve hedge fund returns. Numaire is the token that facilitates the reward structure that correct predictions receive. Founders described it as a social network or software company whose business model happens to be a hedge fund. USV partner Andy Weissman says, “Network effects get more valuable with every participant that uses them. What’s an example of that in a financial institution? We’ve never seen one before except for this.”

Numerai has already raised $7.5 million in traditional venture capital from Union Square Ventures, Joey Krug (Augur), Juan Benet (FileCoin), Fred Ehrsam (Coinbase), and Olaf Carlson-Wee (Polychain). So the Numeraire token will not be sold in a “crowdsale” or “ICO”.

In Febuary 2017 1,000,000 NMR tokens were issued to 12,000 data scientists.

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