Looking for Numerai? Find NMR Price, Exchanges, Reviews, Chart, Historical Data & NMR Marketcap
Numerai (NMR) Ranked 714 in Coin Market Daddy Currencies Index. Numerai (NMR) price is $6.15. It has a current circulating supply of 1,349,328 NMR and a Marketcap of $8.29M. Today Numerai price is up (0.42%). $4.41K worth of Numerai (NMR) has been traded in the past 24 hours. Numerai (NMR) currency type is token (Ethereum). NMR trading is available in number of exchanges. Exchanges information is updated automatically. Stay tuned to check updated information. If you find any error on this page, please Contact Us to update Numerai (NMR) and contribute to CMD Cryptocurrency Encyclopedia.
Numerai is a network of data scientists that are incentivised to forecast models to improve hedge fund returns. Numaire is the token that facilitates the reward structure that correct predictions receive. Founders described it as a social network or software company whose business model happens to be a hedge fund. USV partner Andy Weissman says, “Network effects get more valuable with every participant that uses them. What’s an example of that in a financial institution? We’ve never seen one before except for this.”
Numerai has already raised $7.5 million in traditional venture capital from Union Square Ventures, Joey Krug (Augur), Juan Benet (FileCoin), Fred Ehrsam (Coinbase), and Olaf Carlson-Wee (Polychain). So the Numeraire token will not be sold in a “crowdsale” or “ICO”.
In Febuary 2017 1,000,000 NMR tokens were issued to 12,000 data scientists.