NMR Numeraire Prices, Charts and Graphs | Coinread
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NumeraireNMR#132

$43.74
0.1% ($0.044, 24H)
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  • Market Cap$446,089,637
  • Volume (24H)$3,596,596
  • Circulating Supply10,197,784
  • Max Supply11,000,000
  • High (24H)$43.98
  • Low (24H)$43.11
  • Change (1H)0.15%
  • Change (7D)1.35%
  • Change (1M)5.96%
  • Change (1Y)66.62%

The Numeraire (NMR) is a cryptographic token native to Numerai, a hedge fund launched by Richard Craib in 2015. While working at an asset management company, Craib observed that financial companies were secretive with their data; believing that this was causing companies to lag behind the adoption of innovative technologies, Numerai was founded as a way to provide scientists with data in encrypted form, while still preserving its structure. As well as improving interoperability, the Numeraire (NMR) token is used as an incentive, compensating the data scientists for developing high-performance trading models in weekly ‘tournaments’. These tournaments are an innovative way to crowdsource predictive-trading algorithms, and the scientists stake NMR on the models they believe would work best. Built on the Ethereum blockchain, and in accordance with ERC20 token standards, NMR can be used to pay for services on the Numeraire network. It can also be bought and sold for fiat or other digital currencies on crypto exchanges, adding utility beyond its discrete platform.

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