Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn

What is Numeraire (NMR)?

Numeraire basic info

Name:Numeraire
Ticker:
Introduction:

What Is Numeraire?

Numeraire is a cryptocurrency and software, acting as a hedge fund, designed to facilitate the trading of equities on the Ethereum blockchain. Launched in 2017, it was the world’s first cryptocurrency issued by a hedge fund and has gained substantial popularity and recognition, backed by notable entities such as Union Square Ventures and the co-founder of Coinbase. Numeraire operates as a unique platform, incorporating artificial intelligence and data science tournaments, where users can stake their crypto to back their market predictions.

The platform is designed to remove human emotion from trading strategies, allowing users to build machine learning models on abstract financial data to predict stock market trends. It provides a new-age trading experience by aggregating advanced AI algorithms, data scientists, and input from regular users. Numeraire focuses on creating a system where predictions are made by a global network of data scientists, who stake cryptocurrency on their predictions, making the platform a hub for innovative trading strategies and techniques.

Resources

Whitepaper: https://numer.ai/whitepaper.pdf

Official Website: https://numer.ai/

How Does Numeraire Work?

Numeraire operates on the Ethereum blockchain, offering full interoperability within the Ethereum ecosystem. It leverages a system called a Metamodel that incorporates all the predictions it receives from participants in its application network. The platform has two main components: Signals and Tournaments. Signals allow users to upload stock market strategies that support specific stocks or trading styles, while Tournaments are weekly competitions where users submit trading algorithms about the stock markets.

In these tournaments, data scientists stake Numeraire (NMR) on their predictions, and the mechanism for resolving these stakes is based on an auction that rewards correct predictions regarding a model’s capability to perform well on new data. The platform automatically reviews the predictions to see who was correct, rewarding users who have staked their NMR coins to a correct outcome or destroying those who made false predictions. This unique system allows Numeraire to focus on the most promising models and enhance the performance of their hedge fund.

What Is NMR Token?

NMR is the native utility token for the Numeraire network, operating as a smart contract on the Ethereum blockchain. Users must hold NMR to participate in any Numeraire features or services, such as staking on outcomes, conducting payments, and rewarding tournament participants. The maximum number of NMR tokens that can be created is 21 million, with Numerai distributing some of them to data scientists based on their performance on the Numerai leaderboard. NMR tokens continue to be a reward for data scientists who excel in Numerai’s machine learning competition.

Numeraire's Impact on Finance

Numeraire has brought a transformative approach to the financial sector by combining blockchain technology, artificial intelligence, and data science. It has made a significant impact by allowing a diverse range of users, from novice to experienced traders, to learn varying strategies and secure higher ROIs. By removing human emotion and intervention from trading and focusing on data-driven, algorithmic predictions, Numeraire is paving the way for a new era of trading, marked by enhanced accuracy and efficiency.

Numeraire’s innovative approach to utilizing blockchain technology and artificial intelligence in finance is setting new standards in the industry, contributing to the continuous adoption and evolution of decentralized finance (DeFi) solutions and blockchain-based financial instruments.

What Determines Numeraire's Price?

The price of Numeraire (NMR) is influenced by a myriad of factors, reflecting the dynamics of the cryptocurrency market. The cryptocurrency price is primarily determined by supply and demand dynamics, with higher demand and limited supply typically leading to an increase in price. Market sentiment, driven by cryptocurrency news and trends, also plays a crucial role, as positive news can lead to increased demand, while negative news can lead to a decrease in price. Cryptocurrency analysis and charts are essential tools for both beginners and experts in the crypto community, providing insights into potential price movements and helping in making informed decisions on whether it is a good investment.

In the volatile world of cryptocurrency, price prediction becomes a crucial aspect for investors looking to optimize their crypto portfolio management. The Numeraire price is also influenced by its utility and adoption in the cryptocurrency market, with increased usage and acceptance leading to a potential increase in value. Cryptocurrency enthusiasts and experts often analyze the regulatory environment, as cryptocurrency regulation can significantly impact the market. For those looking to buy Numeraire, it is available on leading exchanges such as Bitget, and it's essential to consider cryptocurrency security and be aware of potential risks and scams in the market.

Looking at 2023 and beyond, the best crypto investment would be one that balances risk and reward efficiently, considering the inherent market volatility. Numeraire, with its innovative approach to combining artificial intelligence and blockchain, presents a unique proposition in the market. However, potential investors should conduct thorough research, consider cryptocurrency trading strategies, and stay updated with cryptocurrency events and news to navigate the complexities of the cryptocurrency market effectively.

Show more
Current price:
All-time high:$168.49
All-time low:$1.93

NMR supply and tokenomics

Circulating supply:7,621,302.5 NMR
Total supply:10,686,890.91 NMR
Max supply:11,000,000 NMR
Market cap:$116.85M
Fully diluted market cap:$168.66M
Tokenomics:

Uniqueness

Numerai and the Numeraire token are unique in terms of the idea behind their creation. This is reportedly the first cryptocurrency to be created and released by a hedge fund. One of the main benefits of the NMR token is that it is awarded to data scientists whose models perform well in the Numerai tournament. This means that the token becomes more valuable as more people enter the tournament and start competing.

Not only that, but the models ventured for the tournament allow Numerai to actively participate in stock market trading based on the results revealed by participating projects. This innovative approach to stock trading makes Numerai one of the few hedge funds to rely significantly on AI-generated data predictions.

Token utility

Machine learning competitions are susceptible to intentional overfitting. Numerai proposes Numeraire, a new cryptographic token that can be used in a novel auction mechanism to make overfitting economically irrational. The auction mechanism leads to equilibrium bidding behavior that reveals rational data scientists¯ confidence in their models¯ ability to perform well on new data. The auction mechanism also yields natural arguments for the economic value of a Numeraire token.

Links

Buy Numeraire for $1Buy NMR now

What is the development prospect and future value of NMR?

The market value of NMR currently stands at $116.85M, and its market ranking is #408. The value of NMR is not widely recognized by the market. When the bull market comes, the market value of NMR may have great growth potential.

As a new type of currency with innovative technology and unique use cases, NMR has broad market potential and significant room for development. The distinctiveness and appeal of NMR may attract the interest of specific groups, thereby driving up its market value.

What will the price of NMR be in 2025?
Based on NMR's historical price performance prediction model, the price of NMR is projected to reach $20.57 in 2025.
What will the price of NMR be in 2030?
In 2030, the NMR price is expected to change by -18.00%. By the end of 2030, the NMR price is projected to reach $25.05, with a cumulative ROI of +64.77%.
Reminder: Just like all cryptocurrency investments, investors must closely monitor the market performance of NMR and be aware of the associated risks. The world of cryptocurrencies is full of uncertainties, so thorough research and preparation are essential.

Is NMR worth investing or holding? How to buy NMR from a crypto exchange?

If you want to buy NMR, the following information may be helpful for your investment decisions:
In the last 7 days, the price of NMR has fallen by -30.00%, leading to negative returns for most NMR investors. The market is currently pessimistic about the price trend of NMR.
It is important to note that the current price of NMR has retreated by -90.90% from its all-time high. This coin is currently considered high-risk, and while its price may rebound in the future, there is significant uncertainty.
Additionally, it's important to understand that each coin has its own optimal times for buying and selling. The optimal time to invest is dynamic: when a coin is undervalued, it's wise to adopt a buying strategy; when it becomes overvalued, you should decisively sell the coin.
To decide whether NMR is worth investing in, you need to consider various market factors such as the overall trend of the cryptocurrency market, the project's fundamentals, its current market valuation, and whether the current price is suitable for buying. If the project's fundamentals suddenly change or the price becomes excessively high, you should adjust your investment strategy and trading operations accordingly.
Your investment decisions should be based on your own risk tolerance, financial status, market analysis and research, especially the timing of your investments. Correct timing can ensure more reliable returns. Keep in mind that investing in NMR or any cryptocurrency comes with certain risks and uncertainties.
Regardless of your outlook on the development prospects and future trends of NMR, if you want to buy or sell NMR, you can consider Bitget for your trading needs. The best place to buy NMR is an exchange that offers hassle-free and secure transactions, combined with a user-friendly interface and high liquidity. Every day, millions of users choose Bitget as their trusted platform for crypto purchases.
Investing in Numeraire has never been easier. Simply sign up on Bitget, complete the identity verification process, and make payments using bank transfers, debit cards, or credit cards, all while ensuring security through crypto wallets. This is a widely adopted method to buy Numeraire. Here's a step-by-step guide on how to buy Numeraire on Bitget.

How to get Numeraire through other methods?

Using cash to buy Numeraire is not the only way to obtain Numeraire. If you have the time to spare, you can get Numeraire for free.
Learn how to earn Numeraire for free through the Learn2Earn promotion.
Earn free Numeraire by inviting friends to join Bitget's Assist2Earn promotion.
Receive free Numeraire airdrops by joining ongoing challenges and promotions.
All crypto airdrops and rewards can be converted to Numeraire through Bitget Convert, Bitget Swap, or spot trading.

What is Numeraire used for and how to use Numeraire?

The use case of Numeraire may expand as the crypto market and the project itself develop. Currently, you can use NMR to achieve the following goals:
Arbitrage by trading NMR: Since NMR is a frequently traded cryptocurrency, the price of NMR is always fluctuating. Earn more NMR by buying low and selling high on the exchange. Bitget spot market provides a variety of NMR trading pairs to fully meet your needs.
Earn by staking NMR: You can also generate income through financial management methods such as staking NMR or lending NMR. Bitget Earn offers a variety of financial products designed to help you earn more income from your NMR.
Send or pay NMR: If you want to give NMR to your friends, a charity, or a fundraiser, or you want to pay someone with NMR, you can quickly and easily send NMR to the recipient through their payment address.
You can also go to the official website of the Numeraire project to learn more about the use cases of NMR. For example, find out if the project supports the use of within its community or ecology, or if the project allows you to purchase physical or virtual products in .

Learn about other cryptos

New listings on Bitget

New listings

Recently added coin prices

More
A selection of recently added coins

Trending coin prices

More
Assets with the biggest change in unique page views on Bitget.com over the past 24 hours

Where can I buy Numeraire (NMR)?

Buy crypto on the Bitget app
Sign up within minutes to purchase crypto via credit card or bank transfer.
Download Bitget APP on Google PlayDownload Bitget APP on AppStore
Trade on Bitget
Deposit your cryptocurrencies to Bitget and enjoy high liquidity and low trading fees.