Numeraire price
NMR
NMR

Numeraire price

$14.7600
-$0.16000
(-1.08%)
Price change from 00:00 UTC until now
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Numeraire market info

Market cap
Market cap is calculated by multiplying the circulating supply with its latest price. Market cap = Circulating supply × Last price
Circulating supply
The amount of this crypto that is publicly available in the market
Market cap ranking
The asset’s ranking in terms of market cap value
All-time high
The historically highest price an asset has reached during its trading history
Market cap
$108.62M
Circulating supply
7,344,280 NMR
Market cap ranking
170
24h high
$15.6300
24h low
$14.5700
All-time high
$100.00

Numeraire price performance in USD

The current price of Numeraire is $14.7600. Since 00:00 UTC, Numeraire has decreased by -1.07%. It currently has a circulating supply of 7,344,280 NMR and a maximum supply of 11,000,000 NMR, giving it a fully diluted market cap of $108.62M. At present, Numeraire holds the 170 position in market cap rankings. The Numeraire/USD price is updated in real-time.
Today
-$0.16000
-1.08%
7 days
-$1.5800
-9.67%
30 days
$1.5400
+11.64%
3 months
$1.5700
+11.90%

About Numeraire (NMR)

3.1/5
CyberScope
3.9
10/08/2024
TokenInsight
2.3
04/26/2023
The rating provided is an aggregated rating collected by OKX TR from the sources provided and is for informational purpose only. OKX TR does not guarantee the quality or accuracy of the ratings. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly, and can even become worthless. The price and performance of the digital assets are not guaranteed and may change without notice. Your digital assets are not covered by insurance against potential losses. Historical returns are not indicative of future returns. OKX TR does not guarantee any return, repayment of principal or interest. OKX TR does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/ tax/ investment professional for questions about your specific circumstances.
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Numeraire (NMR) is a decentralized platform built on blockchain technology with a mission to transform the realm of predictive modeling and quantitative finance. Developed by Numerai, a company renowned for its expertise in crowdsourcing artificial intelligence (AI) algorithms for stock market predictions.

What is Numeraire?

Numeraire is a multifunctional token that serves as the medium of exchange, staking mechanism, and governance token within the Numerai ecosystem. It provides participants with various avenues for involvement and potential rewards.

Numeraire incentivizes data scientists to contribute their models and actively participate in the platform. The platform encrypts predictions based on historical market data, ensuring privacy and intellectual property protection. Through a tournament-style competition, the most successful algorithms are chosen and combined into an ensemble model for making real-world trading decisions.

The Numeraire team

The Numeraire project was initiated by Richard Craib, a seasoned hedge fund quantitative trader, and mathematician. To bring the project to life, he assembled a team of experts from diverse domains, encompassing machine learning, cryptography, and finance. This collaborative team harnesses its collective expertise to drive innovation in quantitative finance, ensuring that Numeraire remains at the forefront of advancements in the industry.

How does Numeraire work?

Numeraire implements a distinctive methodology to generate robust predictive models. Data scientists globally can submit their machine-learning algorithms to the platform. However, instead of sharing their raw data, they transmit encrypted predictions derived from the historical market data supplied by Numerai.

This encryption safeguards the privacy and intellectual property of the participants. The platform employs a "tournament style competition" approach to assess the submitted models. It identifies and aggregates the most effective algorithms into an ensemble model, subsequently informing real-world trading decisions. Data scientists whose predictions contribute positively to the ensemble model are rewarded with NMR tokens.

Numeraire native token — NMR

NMR is an ERC-20 token that operates on the Ethereum blockchain, serving various functions within the Numerai ecosystem. It acts as a medium of exchange, facilitating transactions within the platform, and also serves as a staking mechanism to incentivize data scientists and promote their active involvement. Additionally, NMR functions as a governance token, granting token holders the ability to participate in decision-making processes and have a voice in shaping the platform's future direction.

NMR tokenomics

The total supply of NMR tokens is set at 11 million, with a distribution strategy that aligns the participants' incentives and fosters the platform's long-term sustainability. Numeraire employs periodic auctions to introduce new NMR tokens, utilizing the proceeds to support platform development and incentivize active participation from users.

NMR token use cases

In addition to its role in the prediction modeling ecosystem, NMR has several other use cases. NMR token holders can participate in governance by voting on platform upgrades, model selection, and other significant decisions. NMR can also be traded on various cryptocurrency exchanges, enabling users to buy, sell, and trade the token for speculative purposes.

NMR token distribution

Numeraire has a maximum token supply of 11 million. Among these tokens, 1 million NMR tokens are allocated to data scientists based on their performance on the Numeraire leaderboard.

After the initial distribution, a fixed number of NMR tokens will be generated weekly until the maximum supply is reached. Outstanding data scientists who excel in the machine learning competition on Numeraire will receive NMR tokens as ongoing rewards. This distribution mechanism ensures a sustained incentive structure for participants and contributes to a thriving ecosystem within the Numeraire platform.

Revolutionizing predictive modeling and quantitative finance

Numeraire is a groundbreaking platform that leverages the power of AI and blockchain technology to revolutionize predictive modeling in the financial industry.

By establishing a decentralized network of data scientists and incentivizing their contributions with NMR tokens, Numeraire has created a unique ecosystem that consistently enhances its predictive models.

As the platform expands and attracts more participants, Numeraire has the potential to reshape the landscape of quantitative finance, opening up new opportunities for innovation and collaboration.

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Socials

Posts
Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 302 new posts about Numeraire, driven by 69 contributors, and total online engagement reached 16K social interactions. The sentiment score for Numeraire currently stands at 83%. Compared to all cryptocurrencies, post volume for Numeraire currently ranks at 4080. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of Numeraire.
Powered by LunarCrush
Posts
302
Contributors
69
Interactions
16,100
Sentiment
83%
Volume rank
#4080

X

Posts
223
Interactions
9,658
Sentiment
89%

NMR FAQ

What is NMR?

Numeraire (NMR) is a decentralized platform that aims to revolutionize predictive modeling and quantitative finance. It incentivizes data scientists to contribute by submitting encrypted predictions based on historical market data. Through a rigorous selection process, the platform identifies the top-performing algorithms and combines them into an ensemble model, which is then utilized for making real-world trading decisions. 

What are the benefits of using NMR tokens?

Using NMR tokens within the Numerai platform offers several benefits to participants. Firstly, it enables seamless transactions, facilitating the exchange of value and rewards within the ecosystem. 

Secondly, staking NMR tokens incentivizes active participation and provides rewards for accurate predictions. Lastly, NMR holders can participate in governance, granting them a voice in essential platform decisions. These benefits create a dynamic and engaging environment for Numerai participants, fostering collaboration and driving the platform's success.

Where can I buy NMR tokens?

Easily buy NMR tokens on the OKX TR cryptocurrency platform. One available trading pair in the OKX TR spot trading terminal is NMR/USDT.

You can also swap your existing cryptocurrencies, including Bitcoin (BTC), Tether (USDT), and USD Coin (USDC), for NMR with zero fees and no price slippage by using OKX TR Convert.

How much is Numeraire worth today?
Currently, one Numeraire is worth $14.7600. For answers and insight into Numeraire's price action, you're in the right place. Explore the latest Numeraire charts and trade responsibly with OKX TR.
What is cryptocurrency?
Cryptocurrencies, such as Numeraire, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX TR and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Numeraire have been created as well.
Disclaimer
The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX TR does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX TR. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice. OKX TR does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/ tax/ investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning.
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