Numerai is a network of data scientists that are incentivised to forecast models to improve hedge fund returns. Numaire is the token that facilitates the reward structure that correct predictions receive. Founders described it as a social network or software company whose business model happens to be a hedge fund. USV partner Andy Weissman says, “Network effects get more valuable with every participant that uses them. What’s an example of that in a financial institution? We’ve never seen one before except for this.”
Numerai has already raised $7.5 million in traditional venture capital from Union Square Ventures, Joey Krug (Augur), Juan Benet (FileCoin), Fred Ehrsam (Coinbase), and Olaf Carlson-Wee (Polychain). So the Numeraire token will not be sold in a “crowdsale” or “ICO”.
In Febuary 2017 1,000,000 NMR tokens were issued to 12,000 data scientists.Visit website open_in_new
|Price in BTC||0.00255587642674 BTC|
|Current Supply||10 979 914 NMR|
|Total Supply||2 NMR|
|Market cap||$270 603 776|
|24h Volume (coin)||8 793 NMR|
|24h Volume (currency)||$216 702|
|24h Total volume (coin)||10 924 NMR|
|24h Total volume (currency)||$269.21K|
|Last updated||2020-06-04 05:55:46 +01:00 BST|
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