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Cryptocurrencies/Coins/Numeraire (NMR)
Numeraire price, market cap on Coin360 heatmap

Numeraire(NMR)

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$35.1446
(-1.34%)
0.00052162 BTC
Market Cap (Rank#272)
$220,236,661
3,269 BTC
Vol 24h
$16,254,083
241.243 BTC
Circulating Supply
6,266,584.61
Max Supply
11,000,000

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About Numeraire?

The live price of Numeraire (NMR) today is 35.1446 USD, and with the current circulating supply of Numeraire at 6,266,584.61 NMR, its market capitalization stands at 220,236,661 USD. In the last 24 hours NMR price has moved ? USD or 0.00% while ? USD worth of NMR has been traded on various exchanges. The current valuation of NMR puts it at #272 in cryptocurrency rankings based on market capitalization.

Learn more about the Numeraire blockchain network and how it works or follow the price of its native cryptocurrency NMR and the broader market with our unique COIN360 cryptocurrency heatmap.

Introduction

Numeraire (NMR) is a unique cryptocurrency that serves as a backbone for a decentralized, crowd-sourced hedge fund. It was developed by Numerai, a San Francisco-based hedge fund, to incentivize data scientists to create predictive models. The main goal of Numeraire is to create a synergistic network where everyone can contribute to making the financial market more efficient.

Technology & Mechanism

Consensus Mechanism

Numeraire operates on the Ethereum blockchain, utilizing the Proof-of-Stake (PoS) consensus mechanism. This mechanism allows for faster transaction times and increased scalability compared to traditional Proof-of-Work systems.

Blockchain Technology

As an ERC-20 token, Numeraire leverages the robust and secure Ethereum blockchain. This allows for seamless integration with other Ethereum-based applications and services.

Key Features

Scalability

Thanks to the Ethereum blockchain and PoS consensus mechanism, Numeraire offers high scalability, allowing for a large number of transactions to be processed quickly.

Security

Numeraire benefits from the security features of the Ethereum blockchain, which is considered one of the most secure blockchain platforms.

Privacy

While transactions are transparent on the blockchain, the identity of participants remains anonymous, ensuring privacy.

Decentralization

Numeraire is fully decentralized, with no central authority controlling the network. This ensures fairness and transparency in the system.

Development Team & Governance

The Numeraire project is spearheaded by Numerai, a hedge fund based in San Francisco. The governance model is decentralized, with decisions made by the community of NMR holders.

Use Cases & Potential Impact

Numeraire's primary use case is to incentivize data scientists to contribute to the development of financial models. This could potentially disrupt the traditional hedge fund industry by democratizing access and participation.

Purchase & Storage

How to Buy

Numeraire can be purchased on various cryptocurrency exchanges, including Binance and Coinbase. It can be traded for other cryptocurrencies or bought directly with fiat currencies on some platforms.

Wallets & Storage

As an ERC-20 token, Numeraire can be stored in any wallet that supports Ethereum-based tokens, such as MetaMask or MyEtherWallet.

Partnerships & Collaborations

Numeraire has collaborated with various organizations in the blockchain and financial sectors to further its mission. Details of these partnerships can be found on the official Numerai website.

Roadmap

The future plans for Numeraire include further development of the platform, increasing the number of data scientists contributing to the network, and expanding partnerships.

Risks & Challenges

Like any cryptocurrency, Numeraire faces potential risks and challenges, including regulatory changes, market volatility, and technological hurdles.

Community & Regulatory Compliance

Community

The Numeraire community consists of data scientists, developers, and cryptocurrency enthusiasts who contribute to the network and participate in governance.

Regulatory Compliance

Numeraire complies with all relevant regulations in the jurisdictions it operates in. It is committed to maintaining transparency and adhering to legal requirements.

In conclusion, Numeraire is a unique cryptocurrency that leverages the power of crowd-sourcing and blockchain technology to disrupt the traditional hedge fund industry. With its robust technology, strong community, and innovative use case, it holds significant potential for future growth.

Numeraire Price35.1446 USD
Market Rank#272
Market Cap220,236,661 USD
24h Volume16,254,083 USD
Circulating Supply6,266,584.61 NMR
Max Supply11,000,000 NMR
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