Numeraire update: NMR Live price, price chart, news and markets

The NMR price update as of now is $15.08. In the previous 24 hours, its trading volume was $7,660,632, and its value has increased by 1.87%. As of now, NMR's live market cap is $150,615,957, and it is ranked as the #329 on the Coincu. NMR has a circulating supply of 10,686,891 and a maximum supply of 10,686,891.

Introducing Numeraire (NMR) Numeraire (NMR) is an innovative Blockchain-based Hedge Fund. In the traditional financial market, hedge funds are alternative investment funds designed to safeguard portfolios from market uncertainty while generating favorable returns. But Numeraire takes a unique approach by creating a transparent fund that relies on the collaboration of Data Scientists to develop the system and achieve the highest possible returns. Key Features of Numeraire Numeraire is essentially a hedge fund product that incentivizes scientists to predict economic and financial models using cryptographic data. It combines Data Science, Machine Learning, AI, and Cryptography to provide the perfect financial model while ensuring data security. By leveraging Machine Learning and AI algorithms, Numeraire allows scientists to encrypt their data, which is then used to create models that predict market movements. Contributors to the Numeraire ecosystem are rewarded with NMR coins as an incentive to submit accurate initial market predictions. The best submissions are then aggregated into a Meta model used for stock trading. Addressing the Challenges with Numeraire In contrast to traditional financial markets, Numeraire fosters collaboration, knowledge sharing, and code sharing among participants to improve the markets. Numeraire introduces a new approach to hedge funds, where data scientists can design Machine Learning models based on their data and make predictions about the fund's capital growth market. To maximize profits, they must work together to share code and ideas to foster the growth of the Numeraire network. Understanding the Functionality of Numeraire Numeraire utilizes AI to create a pool of venture capital funds sourced from anonymous scientists. The workflow ensures that scientists cannot access the company's proprietary details, but they can build Machine Learning models to analyze theories and optimize the stock trading process. Numeraire provides business data in abstract form to scientists, who then build Learning Machine models and receive payment in cryptocurrency. While Numeraire is not the first company to implement this mechanism, it distinguishes itself through the community's efforts to develop an algorithm that optimizes the user experience and network growth. Roadmap of Numeraire Updating...