Numeraire NMR Price 8.30

The price of Numeraire today is 18.19USD and the trading volume in 24 hours is 18,678,432USD. The asset has grown over the course of the day. The coin has a market cap of 133,902,238USD and has 0.00000000 coins in circulation. A smart contract was used to build a bridge between users. The platform uses what is called "proof of intelligence" to reward and alert users, but in practice, this means that data professionals at the time of its launch were given free access to the chain based on their knowledge, but to increase its value they must make predictions. The platform relies on a monthly tournament on machine learning and data science, where users, primarily data technicians, can send trading strategies to stock exchange. The best predictions are included in Numerai's metamodel, which combines all the original data by which it will trade on the stock market. Standard market data labels are removed from the data provided to users each month. Users will provide more accurate predictions if the context of the data is removed. For example, a share price can be labeled as characteristic 1 so users create stock forecasting models objectively based on historical data rather than personal preconceptions as to how price might affect a particular company. The platform uses a model called askin in play where users have to place bets to receive token for their predictions. If the hedge fund as a whole performs well, it will distribute those revenues in NMR form to users. The total number of NMR was initially limited to 21 million, with a limit of 100,000 new token produced per week. Three million of those four million were locked up and put in the tournament with a permit date of 2028. The remaining one million NMR was earmarked for new issues and investor partnerships.