Numeraire (NMR)

$82.1527 (21.91%)

CMC# Market Cap (USD) Volume (24hr) Circulating Supply NVTS Change (7d) Change (24h) Savings Per 1K
136 $405,945,000.00 $634,126,000.00 4,941,350 NMR -- 21.91% 45.14% -$17,999.66

Exchange Pair Volume (24h) Price
Binance NMR/USDT 169,678,859.00 75.4340000000
Coinbase Pro NMR/USD 104,433,507.00 75.5002000000
VCC Exchange NMR/USDT 53,832,251.00 75.4140000000
BKEX NMR/USDT 63,030,396.00 75.2490000000
Binance NMR/BTC 41,983,347.00 0.0016740000
Coinbase Pro NMR/BTC 15,717,174.00 0.0016738900
Binance NMR/BUSD 22,403,755.00 75.3970000000
HitBTC NMR/BTC 7,802,135.00 0.0016727300
Coinbase Pro NMR/EUR 13,780,744.00 61.9414000000
Upbit NMR/BTC 35,455,835.00 0.0016500600
Bitcoin.com Exchange NMR/BTC 7,752,054.00 0.0016749700
Gate.io NMR/USDT 2,100,896.00 75.2100000000
VCC Exchange NMR/BTC 7,584,851.00 0.0016700000
Digifinex NMR/USDT 16,191,904.00 75.2630000000
Coinbase Pro NMR/GBP 7,014,728.00 53.3917000000
MXC NMR/ETH 2,372,782.00 0.0216900000
OKEx NMR/USDT 5,985,787.00 75.4700000000
MXC NMR/USDT 2,757,362.00 75.2630000000
Binance NMR/BNB 5,380,847.00 0.1407000000
Balancer (v1) 0X1776E1F26F98B1A5DF9CD347953A26DD3CB46671/ETH 1,836,757.00 0.0221042103
XT.COM NMR/USDT 4,093,258.00 75.0711000000
Bilaxy NMR/USDT 232,232.00 75.1860000000
Bittrex NMR/USDT 1,837,599.00 75.3138335500
Bittrex NMR/BTC 2,056,924.00 0.0016715100
Bittrex NMR/ETH 1,521,466.00 0.0216326500
Bancor Network NMR/BNT 395,057.00 11.9346370555
AEX NMR/USDT 1,200,878.00 75.8500000000
P2PB2B NMR/USD 423,982.00 75.9280000000
P2PB2B NMR/USDT 432,578.00 75.9280000000
Uniswap (v2) 0X1776E1F26F98B1A5DF9CD347953A26DD3CB46671/ETH 555,387.00 0.0217315960
Atomars NMR/USDT 155,384.00 75.3610000000
Hoo.com NMR/USDT 15,630.88 76.6861000000
Atomars NMR/BTC 58,126.00 0.0016680000
CoinEx NMR/USDT 485,493.00 75.1011000000
Poloniex NMR/BTC 265,825.00 0.0016775600
Gate.io NMR/ETH 131,690.00 0.0216700000
Emirex NMR/BTC 87,808.00 0.0017150000
ProBit NMR/USDT 176,205.00 75.4500000000
ProBit NMR/BTC 151,873.00 0.0016740000
Dove Wallet NMR/USDT 1,144.84 75.5571000000
Dove Wallet NMR/EUR 490.18 63.1015000000
Dove Wallet NMR/USDC 134.42 76.0873000000
Bithumb NMR/BTC 153,813.00 0.0017211300
CoinEx NMR/BTC 101,016.00 0.0016618700
Dove Wallet NMR/ETH 5,039.18 0.0222121000
Dove Wallet NMR/BTC 3,535.32 0.0016831000
Hotbit NMR/USDT 39,198.00 79.0000000000
Dove Wallet NMR/TUSD 118.96 78.9618000000
YoBit NMR/RUR 13.17 5,802.2098262900
YoBit NMR/USD 1.00 71.7206588200
Upbit Indonesia NMR/BTC 28,154,361.00 0.0016829200
ZG.com NMR/USDT 174,380.00 75.2370000000
Emirex NMR/USDT 288,558.00 80.0260000000
YoBit NMR/WAVES 4.61 2.1386238300
ProBit NMR/KRW 246,515.00 92,140.0000000000
Mooniswap 0X1776E1F26F98B1A5DF9CD347953A26DD3CB46671/ETH 2,840.17 0.1601757060
Dove Wallet NMR/GBP 242.21 58.2512000000
YoBit NMR/ETH 57.69 0.0244100000
YoBit NMR/BTC 5.83 0.0017792200
Dove Wallet NMR/PAX 0.73 82.8501000000
1inch 0X1776E1F26F98B1A5DF9CD347953A26DD3CB46671/ETH 247,751.00 0.0229403775
Balancer (v1) 0X1776E1F26F98B1A5DF9CD347953A26DD3CB46671/USDC 588.06 71.8433877815
YoBit NMR/DOGE 5.57 132.5316757900

Background

Numerai, founded in Dec. 2015, is building a blockchain based hedge fund that utilizes artificial intelligence and crowdsourced stock market predictions. The platform relies on a monthly machine learning and data science “tournament” where users, primarily data scientists, can submit trading algorithms about the stock market. Numerai then employs artificial intelligence algorithms to analyze the predictions, and the best are included in Numerai’s “meta-model” which combines all the underlying inputs on which it will trade the stock market. The team believes there are inefficiencies in the stock market-related capital allocation and that creating a free and open dataset for machine learning will help solve this problem. Numerai claims that inefficiencies are in part due to assigning metrics to market data, such as stock price or dividends. Each month users are given an encrypted dataset that has standard market data labels removed. By removing the context of data the project believes users will submit more accurate predictions. For example, stock price could be labeled as “feature 1”, so users create stock prediction models objectively based on historical data as opposed to using personal biases about how stock price might affect a specific company. Numerai encrypts the dataset that tournament participants are given to prevent participants from copying the underlying trading strategy. By giving the dataset away for free the team believes it will allow for open participation by users around the world, fostering a collaborative approach and generating better prediction models compared to typical hedge funds. In Feb. 2017, the company announced its token, Numeraire (NMR), an ERC20 token used to participate in tournaments on the platform. The platform utilizes a “skin in the game” model where users are required to stake NMR to receive NMR for their accurate predictions. If the overall hedge fund performs well, they will distribute those returns in the form of NMR to users.

Technology

Numerai allows users to create their own prediction models that they can send to an internal smart contract along with staked tokens. After a pre-designated amount of time has passed, usually at least one month, Numerai evaluates the submitted predictions. Users that perform well will receive their staked NMR as well as an NMR reward. Poor predictions will result in the staked NMR being burned. Each competition has a specified reward pool tied to the performance of the overall fund. As the fund’s performance increases the overall reward pool can grow as well. Rewards are given to users based on the performance of their models and the amount of NMR staked. In order to prevent users from mimicking the fund’s trades themselves, Numerai encrypts its trading data before sharing it. The specific artificial intelligence algorithms that Numerai uses for trading are proprietary, even though the dataset is publicly distributed. Users are not submitting their actual models but instead their predictions, allowing them to keep their models should they decide not to participate. All submissions are anonymous, as Numerai does not require participants to disclose any personal information to submit stock prediction models. The NMR token is used for staking in Numerai’s prediction tournament, holding NMR provides no other function.



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