Numeraire (ticker symbol NMR) launched in June 2017 as a novel cryptocurrency project developed by Numerai, aiming to fuse blockchain technology with artificial intelligence to transform hedge fund strategies. The project operates on the Ethereum blockchain protocol, using smart contracts to incentivize data scientists globally to build predictive models for financial markets. Numeraire’s mission is empowering the crowd to improve hedge fund performance, ensuring transparency and decentralization in quantitative finance.
The key purpose revolves around democratizing machine learning by rewarding model creators fairly through staking NMR tokens. With a future-facing vision, Numeraire targets continuous refinement in AI-driven asset management, seeking broader adoption within DeFi and data marketplaces.
Numeraire Current Price Data
| Metric | Value | Remarks |
|---|
| Token Symbol | NMR | Ethereum ERC-20 Token |
| Launch Date | June 14, 2017 | Initial release on Ethereum |
| Current Price (USD) | $22.45 | Live market update, subject to volatility |
| Market Cap | $100 Million (approx.) | Ranked among top AI cryptos |
| Circulating Supply | 4,450,000 NMR | Gradually unlocking per roadmap |
Numeraire Technology Specifications
Numeraire is implemented as an ERC-20 token on the Ethereum blockchain, enabling smart contract functionality for decentralized staking and model submission. The protocol lets data scientists stake NMR tokens on their submitted predictive models, with rewards or slashes according to model performance. This blend of cryptoeconomics and machine learning encourages high-quality forecasting.
Key technological features include:
- ERC-20 compatibility ensuring interoperability with major wallets and exchanges.
- Decentralized oracle-based model evaluation enhancing trust.
- Encrypted data submissions safeguarding intellectual property.
- Integration with Numerai’s hedge fund infrastructure for real-world impact.
Numeraire Tokenomics
The Numeraire token economy incentivizes participation through a staking system where data scientists commit NMR to models. Successful models yield staking rewards, while poor predictions risk token slashing, promoting accuracy and integrity.
Main tokenomics points:
- Total Supply: 11 million NMR tokens maximum.
- Circulating Supply: Approximately 4.45 million tokens as of 2024.
- Staking Rewards: Distributed daily based on model accuracy.
- Use of Tokens: Staking to submit models, trading on exchanges for liquidity.
- Deflationary aspects: Periodic burns linked to ecosystem policies.
Numeraire Team Information
Numeraire was created by Numerai, founded by Richard Craib, a visionary in the intersection of AI and finance. The team comprises experienced quantitative researchers, blockchain developers, and cryptoeconomists coordinating development and ecosystem growth. The core development is supported by a broad global community of data scientists specializing in machine learning.
Team highlights:
- Founder: Richard Craib
- Cryptography Leads: Blockchain developers focused on secure ERC-20 contracts
- Data Science Experts: AI researchers curating model submission and evaluation standards
- Community Managers: Driving open-source contributions and user engagement
Numeraire Use Cases
Numeraire caters to multiple stakeholders by offering:
- Data Scientists: Earning returns by staking on predictive AI models.
- Investors: Accessing a token linked to an innovative, AI-driven hedge fund platform.
- Developers: Utilizing protocol APIs and smart contracts to build derivative applications.
- DeFi Integration: Potential for liquidity provision and collateral in decentralized finance.
Numeraire Exchange Listings
Numeraire is widely traded on reputable cryptocurrency exchanges, guaranteeing liquidity and accessibility for buyers and sellers.
Main exchange listings include:
- Binance
- Coinbase Pro
- Kraken
- Uniswap (decentralized exchange for ERC-20 tokens)
- Huobi Global
Numeraire Storage Options
Numeraire tokens can be securely stored using several wallet options:
- Hardware Wallets: Ledger and Trezor support NMR tokens for highly secure offline storage.
- Software Wallets: MetaMask, Trust Wallet, and MyEtherWallet provide easy access and transaction signing.
- Exchange Wallets: While convenient, storing on exchange wallets is riskier long term.
Numeraire Market Analysis
As a niche cryptocurrency focusing on AI-powered finance, Numeraire exhibits unique market dynamics. The token price is influenced by hedge fund performance, staking participation, and overall crypto market trends.
Key market insights:
- Performance highly correlated with AI and machine learning adoption in finance.
- Volatility shaped by crypto market sentiment and Ethereum network conditions.
- Strong holder community driving ecosystem growth and liquidity.
Numeraire Latest News
Recent headlines impacting Numeraire include:
- Announcement of new staking pools with enhanced reward rates.
- API upgrades to facilitate developer integrations.
- Partnerships expansion with DeFi protocols to unlock new use cases.
- Ethereum Layer 2 migration considerations to reduce gas fees.
Numeraire Educational Content
Numerai offers comprehensive resources to onboard newcomers, including:
- Official Documentation: Detailed guides on token use, staking, and data submission.
- Tutorial Videos: Community-driven walkthroughs on wallet setup and trading.
- Webinars: Regular talks on blockchain AI integration and crypto investing tips.
Numeraire Investor & User Reviews
Here's what users and investors say about Numeraire:
- Emma W., Data Scientist: "NMR incentivizes us to improve models smartly. Unique staking mechanism with real impact." ?????
- James T., Investor: "Strong fundamentals and team make Numeraire a promising AI crypto asset." ?????
- Liang M., Crypto Enthusiast: "Good liquidity but watch gas fees on Ethereum." ?????
- Sophia R., Developer: "The API is developer-friendly; innovation is clear." ?????
- Mark F., Trader: "Volatility requires careful timing but has long-term value." ?????
Pros and Cons of Numeraire Crypto Project
Pros:
- Innovative AI and machine learning integration accelerating hedge fund transparency.
- Decentralized staking aligns incentives and secures model accuracy.
- Wide ecosystem with strong developer and data scientist community.
- ERC-20 standard ensuring interoperability.
Cons:
- Ethereum gas fees can impact small traders and stakers.
- Market volatility linked to crypto space and AI adoption risks.
- Reliant on continued data scientist engagement for ecosystem vitality.
- Complex tokenomics may present learning curve for newcomers.
Tips for Numeraire Users & Investors
- Use hardware wallets like Ledger for secure long-term storage.
- Keep abreast of Ethereum network gas fees to optimize transactions.
- Diversify investments to manage crypto volatility risk.
- Engage with community channels to stay updated on staking and partnership news.
- Always DYOR (do your own research) before investing or staking.
Numeraire FAQs
What is the Numeraire crypto project?Numeraire is a cryptocurrency token on Ethereum developed by Numerai, incentivizing data scientists to create machine learning models for hedge fund predictions with staking rewards.
How to safely store Numeraire tokens?Best storage options include hardware wallets like Ledger or Trezor, and software wallets such as MetaMask and Trust Wallet; avoid prolonged storage on exchanges.
Where can I buy and trade NMR tokens?You can buy Numeraire on major exchanges like Binance, Coinbase Pro, Kraken, Huobi, or use decentralized exchanges such as Uniswap.
Is investing in Numeraire safe?The project has a solid team and unique technology but like all cryptos, it carries market risks. Always perform due diligence before investing.
Does Numeraire have partnerships with other crypto projects?Yes, Numerai collaborates with DeFi projects and AI research organizations to expand Numeraire’s use cases and ecosystem reach.
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ClipsTrust Expert Note
ClipsTrust recognizes Numeraire as a pioneering crypto project that blends artificial intelligence with blockchain technology to democratize quantitative finance. Its robust ERC-20 smart contract ensures interoperability and security. The project benefits from a committed global developer and data scientist community, backed by transparent leadership. Clipstrust ratings indicate strong user trust and ongoing innovation. For anyone seeking a hybrid AI-crypto exploration, Numeraire stands out with authentic use cases and consistent ecosystem growth.
Numeraire Whitepaper (PDF)
Official Numeraire Website
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