Numeraire (NMR)

$36.2001 (23.15%)

CMC# Market Cap (USD) Volume (24hr) Circulating Supply NVTS Change (7d) Change (24h) Savings Per 1K
157 $199,785,000.00 $21,844,900.00 5,518,920 NMR -- 23.15% 5.64% -$8,380.32

Exchange Pair Volume (24h) Price
Coinbase Exchange NMR/USD 3,226,293.00 36.1076000000
HitBTC NMR/BTC 318,015.00 0.0009267100
Bitcoin.com Exchange NMR/BTC 320,674.00 0.0009275500
Binance NMR/USDT 2,145,572.00 36.3160000000
Coinbase Exchange NMR/BTC 520,826.00 0.0009203300
Coinbase Exchange NMR/EUR 421,250.00 30.5583000000
VCC Exchange NMR/USDT 364,805.00 36.1320000000
Binance NMR/BTC 855,970.00 0.0009230000
Bittrex NMR/USDT 167,388.00 36.1831564300
Gate.io NMR/USDT 17,204.26 36.2400000000
Bittrex NMR/BTC 117,654.00 0.0009306400
Coinbase Exchange NMR/GBP 300,306.00 26.0000000000
VCC Exchange NMR/BTC 129,533.00 0.0009230000
XT.COM NMR/USDT 2,580,877.00 36.1809000000
Binance NMR/BUSD 453,940.00 36.2930000000
Digifinex NMR/USDT 598,126.00 36.2650000000
OKEx NMR/USDT 1,195,267.00 36.1400000000
AEX NMR/USDT 147,903.00 36.1200000000
BKEX NMR/USDT 892,168.00 36.1820000000
Bittrex NMR/ETH 56,338.00 0.0158370800
Balancer (v1) 0X1776E1F26F98B1A5DF9CD347953A26DD3CB46671/ETH 89,196.00 0.0160351504
Bilaxy NMR/USDT 122,373.00 36.3070000000
P2PB2B NMR/USD 244,501.00 36.2860000000
P2PB2B NMR/USDT 239,947.00 36.2830000000
Binance NMR/BNB 112,348.00 0.1176000000
Hoo.com NMR/USDT 27,331.00 36.1404000000
Uniswap (v2) 0X1776E1F26F98B1A5DF9CD347953A26DD3CB46671/ETH 5,966.26 0.0163218466
ProBit NMR/USDT 226,919.00 36.2300000000
ProBit NMR/BTC 78,759.00 0.0009220000
CoinEx NMR/USDT 6,069.18 36.2405000000
Dove Wallet NMR/ETH 672.98 0.0159219000
Dove Wallet NMR/USDT 299.47 36.3809000000
Dove Wallet NMR/EUR 7.46 30.5084000000
Dove Wallet NMR/TUSD 4.26 36.2037000000
Poloniex NMR/BTC 2,969.21 0.0009318500
Dove Wallet NMR/BTC 225.12 0.0009515300
Dove Wallet NMR/GBP 54.48 25.7235000000
Gate.io NMR/ETH 33,561.00 0.0160500000
Dove Wallet NMR/PAX 7.24 36.4775000000
Dove Wallet NMR/USDC 15.48 36.4586000000
CoinEx NMR/BTC 4,589.73 0.0009210100
Bithumb NMR/BTC 2,678.17 0.0009250500
HitBTC NMR/USDT 1.46 36.4122000000
Hotbit NMR/USDT 39,652.00 36.2197000000
YoBit NMR/WAVES 2.03 2.2340764200
ZG.com NMR/USDT 91,412.00 36.0660000000
1inch 0X1776E1F26F98B1A5DF9CD347953A26DD3CB46671/ETH 7,547.44 0.0156576085
Bancor Network NMR/BNT 11,120.20 11.6789606813
Emirex NMR/USDT 18,893.68 37.4860000000
Emirex NMR/BTC 5,837.84 0.0009860000
Upbit NMR/BTC 51,196.00 0.0009679600
Upbit Indonesia NMR/BTC 48,750.00 0.0009679600
MEXC Global NMR/ETH 156,497.00 0.0155500000
MEXC Global NMR/USDT 291,579.00 35.2830000000
YoBit NMR/USD 2.65 32.8027043100
YoBit NMR/RUR 0.97 2,444.3459409200
Mooniswap 0X1776E1F26F98B1A5DF9CD347953A26DD3CB46671/ETH 2,055.02 0.1601757060
YoBit NMR/ETH 0.22 0.0151360000
Bitcratic NMR/ETH 103.21 0.2000000000

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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