What is Numeraire (NMR) Coin
Numerai is an Ethereum-based platform allowing developers and data scientists to experiment and create machine learning models with improved reliability. The platform’s main goal is to bring decentralization to the data science field and allow developers to compete in creating effective machine learning prediction models.
Founded in late 2015 in San Francisco, Numerai claims to be the first hedge fund to launch a cryptocurrency on the market. Unlike traditional hedge funds, however, Numerai relies on the data and predictions produced by tournament participants to participate in the stock market. They claim to be the first hedge fund to use machine learning so heavily in its investment strategy.
- Numeraire is the creator of Erasure, a live protocol on the Ethereum blockchain that allows the staking and burning of NMR tokens, the native token of the Erasure Protocol.
- Erasure’s current use cases include the following:
- Numerai Tournament: A hedge fund that trades equities based on an aggregation of thousands of predictions made by a global network of competing data scientists.
- Numerai Signals: An ongoing tournament to gather Russell 3000 stock predictions.
- Erasure Bay: An information exchange marketplace where any type of information can be traded, including valuation models, product feedback, and more.
- The NMR token can be used as payment for data, tournament payouts, staking, and is also burnt as a way to punish bad actors on applications built on the Erasure Protocol.
How To Buy Numeraire (NMR) Coin
1.Step: Everyone who is planning to invest in or benefit from the advantages of cryptocurrencies wonders the answer to Where to buy Nmr coin question. First, you need an online wallet to buy cryptocurrencies. You need to sign up to Binance exchange from here, which is preferred globally to buy coins and you can buy coins with fiat currencies. You can quickly access many assets and trade types such as altcoins, future markets, and margin by creating a Binance account.
2.Step: Complete your registration by typing an email to the email section or typing your phone number on the section available on the mobile tab. Click/tap on the “Buy Crypto with Your Credit Card” option after the registration and verify your identity.
3.Step: Continue the process by typing the amount you would like to invest and your preferred cryptocurrency. Keep in mind that for security reasons, your credit card/debit cardholder information must match with the name available on your account. If you would like to buy cryptocurrencies with a wire transfer, you need to follow the Buy Crypto > Third-Party Payment options to pick your preferred fiat currency to buy cryptocurrencies.
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How Much is a Numeraire (NMR) Coin
Numeraire (NMR) coin prices are updated instantly in USD, Euro, Sterling currencies in the following table.
Numeraire (NMR) Coin Review
You can learn more about Numeraire (NMR) coin reviews and information on cryptocurrencies by visiting their official page available in the following.
Website https://numer.ai/ Whitepaper https://numer.ai/whitepaper.pdf Medium https://medium.com/numerai Telegram https://t.me/NMR_Official