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Numeraire Stock

Numeraire

NMR

Price

17.30
Today +/-
+0
Today %
+0 %

Numeraire Whitepaper

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Börse Marktpaar Preis +2% Tiefe -2% Tiefe Volumen (24H) Volumen % Typ Liquiditätsbewertung Aktualität
GateNMR/USDT7.2128,432.0237,060.31.19 M0.05cex4567/9/2025, 6:23 AM
MEXCNMR/USDT7.2177,937.9494,172.1527,873.420.02cex4947/9/2025, 6:18 AM
HotcoinNMR/USDT7.212,650.122,168.71524,756.340.07cex1787/9/2025, 6:23 AM
XXKKNMR/USDT7.2154,870.4978,394.43523,886.80.04cex667/9/2025, 6:21 AM
BinanceNMR/USDT7.2144,857.2953,778.78445,078.540cex526.397/9/2025, 6:23 AM
DeepcoinNMR/USDT7.2100336,218.950.06cex07/9/2025, 6:21 AM
BitMartNMR/USDT7.2231,152.4232,876.19336,031.40.02cex3487/9/2025, 6:21 AM
UZXNMR/USDT7.21564,653.19580,588.46255,377.970.02cex4937/9/2025, 6:21 AM
BTCCNMR/USDT7.2196,207.18251,961.34225,121.150.04cex3597/9/2025, 6:18 AM
LBankNMR/USDT7.2140,258.6565,442.08210,737.240.01cex4277/9/2025, 6:21 AM
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Numeraire FAQ

Numeraire (NMR): An Overview

Numeraire is an Ethereum-based platform designed for developers and data scientists to experiment and develop machine learning models with enhanced reliability. The primary objective of the platform is to decentralize the data science field, enabling developers to compete in crafting effective machine learning prediction models. Established in late 2015 in San Francisco, Numerai asserts its position as the first hedge fund to introduce a cryptocurrency to the market. In contrast to traditional hedge funds, Numerai depends on the data and predictions generated by tournament participants to engage in the stock market. They claim to be the first hedge fund to extensively integrate machine learning into its investment strategy.

Who Founded Numeraire?

Richard Craib is the founder and CEO of Numerai. He completed his undergraduate studies at the University of Cape Town in 2008, later earning another bachelor's degree from Cornell University. Additionally, he spent a year at UC Berkeley. Craib's professional journey began with the establishment of Numerai and led to his recognition as a Forbes 30 Under 30 honoree. Richard Craib is widely acknowledged for his innovative approach to hedge fund management, notably implementing a groundbreaking reliance on artificial intelligence for stock price prediction. Furthermore, Numerai has established one of the largest global data science competitions.

What Distinguishes Numeraire?

Numerai and the Numeraire (NMR) token are distinctive in concept and creation, noted as the first cryptocurrency launched by a hedge fund. A primary advantage of the NMR token is its distribution to data scientists who develop successful models in the Numerai tournament. As participation in the tournament increases, the token's value is likely to rise, driven by the growing competition. Additionally, the models submitted for the tournament enable Numerai to engage actively in stock market trading, leveraging outcomes derived from the participating projects. This innovative method of stock trading positions Numerai among the few hedge funds that place significant reliance on AI-generated data predictions.

What is the Circulating Supply of Numeraire (NMR) Coins?

The maximum supply of Numeraire (NMR) is capped at 11,000,000 tokens. Originally, the supply cap for Numeraire was set at 21 million tokens; however, in 2019, the platform announced a reduction of this maximum by more than half. In a press release dated 2018, Numerai disclosed that three million NMR tokens would remain locked until 2028, after which they would be released as rewards for tournament participants. Notably, the Numeraire token did not undergo an initial coin offering (ICO). Instead, Numerai chose to distribute 1 million NMR tokens among 12,000 users with the highest activity on the platform. NMR tokens are burned on a weekly basis. This occurs when tournament participants who propose losing models and predictions forfeit their stake in the competition.

How is the Security of the Numeraire Network Ensured?

As an ERC-20 token, Numeraire (NMR) is secured by the Ethereum proof-of-stake (PoS) consensus mechanism. This mechanism selects validators and block creators based on the amount of NMR tokens they have staked. ERC-20 tokens are gaining popularity due to their versatility in various applications. Despite this, the Ethereum blockchain continues to provide robust security, comparable to blockchains that utilize different security protocols. Unlike the proof-of-work (PoW) consensus mechanism, PoS does not depend on high electrical or computational power consumption for token creation. This makes PoS significantly more scalable and suitable for a variety of applications.

Where can one purchase Numeraire (NMR)?

Numeraire is gaining traction as the hedge fund's performance improves and an increasing number of data scientists engage in the weekly tournament. If you are interested in trading NMR, several exchanges now provide access to this token. As of February 2021, Coinbase Pro boasts the highest trading volume for NMR/USD. Other notable exchanges with significant trading volumes include Binance, DigiFinex, and Bilaxy. Learn more about purchasing cryptocurrency here.

Investors interested in Numeraire are also interested in these Cryptos

This list presents a carefully selected selection of Cryptos that might be of interest to investors. We have our own crypto analyses for all listed Cryptos on Eulerpool.

Beginnings and the Rise of Cryptocurrencies

The history of cryptocurrencies began in 2008 when an individual or group using the pseudonym Satoshi Nakamoto published the whitepaper "Bitcoin: A Peer-to-Peer Electronic Cash System." This document laid the foundation for the first cryptocurrency, Bitcoin. Bitcoin utilized a decentralized technology known as blockchain to enable transactions without the need for a central authority.

In January 2009, the Bitcoin network commenced with the mining of the Genesis Block. Initially, Bitcoin was more of an experimental project for a small group of enthusiasts. The first known commercial purchase using Bitcoins occurred in 2010, when someone spent 10,000 Bitcoins on two pizzas. At that time, the value of one Bitcoin was just fractions of a cent.

The development of other cryptocurrencies

Following the success of Bitcoin, other cryptocurrencies soon emerged. These new digital currencies, often referred to as "Altcoins," sought to use and improve blockchain technology in various ways. Some of the most well-known early Altcoins include Litecoin (LTC), Ripple (XRP), and Ethereum (ETH). Ethereum, founded by Vitalik Buterin, was particularly distinct from Bitcoin, as it enabled the creation of smart contracts and decentralized applications (DApps).

Market Growth and Volatility

The cryptocurrency market grew rapidly, and with it public attention. The value of Bitcoin and other cryptocurrencies experienced extreme fluctuations. Highlights such as the end of 2017, when the Bitcoin price nearly reached 20,000 US dollars, alternated with sharp market crashes. This volatility attracted both investors and speculators.

Regulatory Challenges and Acceptance

As the popularity of cryptocurrencies rose, governments around the world began to grapple with the regulation of this new asset class. Some countries adopted a friendly stance and encouraged the development of crypto technologies, while others introduced strict regulations or outright banned cryptocurrencies. Despite these challenges, the acceptance of cryptocurrencies in the mainstream has steadily increased, with companies and financial institutions starting to adopt them.

Recent Developments and the Future

In recent years, developments such as DeFi (Decentralized Finance) and NFTs (Non-Fungible Tokens) have broadened the range of possibilities offered by blockchain technology. DeFi enables complex financial transactions without traditional financial institutions, while NFTs allow for the tokenization of artwork and other unique items.

The future of cryptocurrencies remains exciting and uncertain. Questions about scalability, regulation, and market penetration remain open. Nevertheless, interest in cryptocurrencies and the underlying blockchain technology is stronger than ever, and their role in the global economy is expected to continue growing.

Advantages of Investing in Cryptocurrencies

1. High Return Potential

Cryptocurrencies are known for their high potential returns. Investors who got in early on projects like Bitcoin or Ethereum have made substantial gains. This high return makes cryptocurrencies an attractive investment opportunity for risk-seeking investors.

2. Independence from Traditional Financial Systems

Cryptocurrencies offer an alternative to the traditional financial system. They are not bound to the policies of a central bank, making them an attractive hedge against inflation and economic instability.

3. Innovation and Technological Development

Investing in cryptocurrencies also means investing in new technologies. Blockchain, the technology behind many cryptocurrencies, has the potential to revolutionize numerous industries, from financial services to supply chain management.

4. Liquidity

Cryptocurrency markets operate around the clock, which means high liquidity. Investors can buy and sell their assets at any time, which is a clear advantage compared to traditional markets that are tied to opening hours.

Disadvantages of Investing in Cryptocurrencies

1. High Volatility

Cryptocurrencies are known for their extreme volatility. The value of cryptocurrencies can rise or fall quickly and unpredictably, posing a high risk to investors.

2. Regulatory Uncertainty

The regulatory landscape for cryptocurrencies is still emerging and varies greatly from country to country. This uncertainty can lead to risks, especially when new laws and regulations are introduced.

3. Security Risks

While blockchain technology is considered very secure, there are risks associated with the storage and exchange of cryptocurrencies. Hacks and fraud are not uncommon in the crypto world, which requires additional precautions.

4. Lack of Understanding and Acceptance

Many people do not fully understand cryptocurrencies and the underlying technology. This lack of understanding can lead to misguided investments. Additionally, the acceptance of cryptocurrencies as a means of payment is still limited.