Everything You Need To Know About Numeraire (NMR)What is Numeraire (NMR)?The Numeraire cryptocurrency is the product from the hedge fund company Numerai which incentivizes scientists to predict financial models using encrypted data provided to them. The company uses a mix of data science, machine learning, artificial intelligence and cryptography to achieve their goal of crowdsourcing an excellent financial model without sacrificing the secrecy of data.
Numerai allows scientists to download their data, which is encrypted for protection, from the company website. The data is then used by the scientists to create models which predict market movements. The models are created using a mix of machine learning algorithms and artificial intelligence.
Numerai pays the scientists with the top models in Bitcoin and gives further incentives in its native ERC20 token Numeraire (NMR). NMR is also used by scientists, who are supposed to stake tokens on their models to prevent tampering.
Numeraire (NMR) Price for TodayCurrently, Numeraire (NMR) price is down by 7.66% and it's now trading $3.63 today. The market capitalization of Numeraire now stands $4,896,808 million with 1,349,328 NMR circulating. The 24-hour price movement indicates that $49,705 worth of NMR were trading. The price peaked to $4.22 in the last 24 hours while the lowest price was $3.75. Source:
https://coinmarketcap.com/currencies/numeraire/