Numeraire
| Last updated | 3 hours ago |
| Price per NMR in USD | $ 7.563914406987 |
| Price per NMR in Bitcoin | 0 |
| Volume over the last 24 hours | $ 6,653,041 |
| Market cap in USD | $ 60,752,990 |
| Change in % over the last hour | 1.38151212 |
| Change in % over the last 24 hours | 4.92687364 |
| Change in % over the last 7 days | 2.70892622 |
NMR specifications
| Name | Numeraire |
| Symbol | NMR |
| Minable | No |
| Algorithm | N/A |
| Prooftype | N/A |
| Total coin supply | 2,223,451 |
| Premine: | N/A |
Coin description
Numeraire (NMR) is a cryptocurrency designed for the data science and machine learning community. It operates on the Ethereum blockchain and uses its native token to incentivize participants in predictive modeling competitions. Numeraire emphasizes collaboration and innovation, making it suitable for researchers and developers.
Numeraire Data Science Incentives
Numeraire's platform allows data scientists to stake their NMR tokens to participate in competitions hosted by Numerai, a hedge fund powered by artificial intelligence. Successful predictions earn rewards, while incorrect ones result in penalties. This mechanism ensures high-quality contributions and fosters a competitive yet collaborative environment.
One of Numeraire's strengths lies in its focus on advancing AI and machine learning. By leveraging blockchain technology, it creates a transparent and trustless system for rewarding innovation. Keywords like Numeraire data science and machine learning incentives are closely tied to this project.