Where to Buy Numeraire (NMR) Coin

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

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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.

$ 17.09
Numeraire (NMR)

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.