| General information | |
|---|---|
| Global rank: | 330 |
| Name: |
Numeraire |
| Symbol: | NMR |
| Current coin price (BSD): | 10.37 $ |
| Last hour: | arrow_downward-0.500 % |
| Last 24 hours: | arrow_downward-1.41 % |
| Last 7 days: | 3.17 %trending_up |
| Capitalisation (BSD): | 77 634 692.77 $ |
| Volume 24h (BSD): | 7 213 425.33 $ |
| Available supply: | 7 486 900.00 NMR |
| Total coin supply: | 2 297 106.00 NMR |
| Start date: | 21/06/2017 |
| Numeraire (NMR) website: | https://numer.ai/ |
Numeraire/Bahamian Dollar (NMR/BSD) price chart
Numeraire/Bahamian Dollar (NMR/BSD) capitalisation and volume charts
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.