Numeraire Numeraire NMR
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Show Coin Info
Price
15.4 USD
% Change
5.08%
Market Cap
117M USD
Volume
6.45M USD
Circulating Supply
7.62M
648% from all time low
505% to all time high
2699% from all time low
330% to all time high
69% are in circulation
Circulating Supply
7,623,674.97811908
Max Supply
11,000,000

Numeraire (NMR) Feed: Events, News & Roadmap

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Numeraire Events on the Chart

What is Numeraire?

Numeraire is a platform based on Ethereum that empowers developers and data scientists to develop and refine machine learning models in a decentralized environment. The core objective of the platform is to introduce decentralization into the realm of data science, facilitating competition in the creation of robust machine learning prediction algorithms.

The operation of Numeraire revolves around the Numerai tournament, where developers compete to produce high-performing models. Successful models from this competition are then used by Numeraire for stock market trading decisions, making the platform an innovative intersection of AI-driven data predictions and financial market operations.

NMR, the native token of the Numeraire platform, stands out due to its unique origination from a hedge fund. The NMR token rewards data scientists for effective model performance in the tournament, enhancing its value as participation grows. Structured as an ERC-20 token on the Ethereum blockchain, NMR operates under the Ethereum proof-of-stake (PoS) consensus, wherein validators and block producers are chosen based on their staked NMR holdings.

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