Numeraire (CURRENCY:NMR) traded down 8.6% against the U.S. dollar during the twenty-four hour period ending at 10:00 AM ET on April 8th. Numeraire has a market capitalization of $17.56 million and approximately $4.62 million worth of Numeraire was traded on exchanges in the last day. One Numeraire token can now be purchased for $12.97 or 0.00183493 BTC on popular exchanges including CryptoDerivatives, EtherDelta and Bittrex. In the last seven days, Numeraire has traded 25.3% higher against the U.S. dollar.
Here’s how other cryptocurrencies have performed in the last day:
- Ripple (XRP) traded 2.7% higher against the dollar and now trades at $0.50 or 0.00007044 BTC.
- Stellar (XLM) traded 3.3% higher against the dollar and now trades at $0.21 or 0.00002930 BTC.
- NEO (NEO) traded up 3.7% against the dollar and now trades at $48.02 or 0.00679366 BTC.
- IOTA (MIOTA) traded up 8.4% against the dollar and now trades at $1.05 or 0.00014845 BTC.
- TRON (TRX) traded up 2% against the dollar and now trades at $0.0379 or 0.00000536 BTC.
- Tether (USDT) traded 0.1% lower against the dollar and now trades at $1.00 or 0.00014132 BTC.
- Binance Coin (BNB) traded down 0.8% against the dollar and now trades at $12.31 or 0.00174085 BTC.
- VeChain (VEN) traded 2.9% higher against the dollar and now trades at $2.58 or 0.00036500 BTC.
- Ontology (ONT) traded down 6.1% against the dollar and now trades at $3.54 or 0.00050126 BTC.
- Walton (WTC) traded up 7.9% against the dollar and now trades at $22.77 or 0.00246724 BTC.
Numeraire’s genesis date was June 20th, 2017. Numeraire’s total supply is 2,353,908 tokens and its circulating supply is 1,353,908 tokens. Numeraire’s official message board is forum.numer.ai. The Reddit community for Numeraire is /r/numerai and the currency’s Github account can be viewed here. Numeraire’s official Twitter account is @numerai. Numeraire’s official website is numer.ai.
According to CryptoCompare, ” 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. White paper Forum “
Buying and Selling Numeraire
Numeraire can be purchased on the following cryptocurrency exchanges: Bittrex, EtherDelta and CryptoDerivatives. It is not possible to buy Numeraire directly using U.S. dollars. Investors seeking to trade Numeraire must first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, GDAX or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Numeraire using one of the aforementioned exchanges.
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