Numeraire (CURRENCY:NMR) traded down 13.9% against the dollar during the 1-day period ending at 23:00 PM Eastern on February 22nd. Numeraire has a total market cap of $25.51 million and $227,449.00 worth of Numeraire was traded on exchanges in the last day. One Numeraire token can now be bought for $19.76 or 0.00199995 BTC on major exchanges including CryptoDerivatives, Bittrex and EtherDelta. In the last week, Numeraire has traded 9.8% lower against the dollar.
Here’s how related cryptocurrencies have performed in the last day:
- Ripple (XRP) traded down 8.8% against the dollar and now trades at $0.95 or 0.00009570 BTC.
- NEO (NEO) traded 5.4% lower against the dollar and now trades at $117.43 or 0.01188460 BTC.
- Stellar (XLM) traded 9.3% lower against the dollar and now trades at $0.37 or 0.00003712 BTC.
- IOTA (MIOTA) traded down 7.2% against the dollar and now trades at $1.66 or 0.00016780 BTC.
- TRON (TRX) traded 10.8% lower against the dollar and now trades at $0.0406 or 0.00000411 BTC.
- VeChain (VEN) traded 10.2% lower against the dollar and now trades at $5.50 or 0.00055671 BTC.
- Tether (USDT) traded down 0.2% against the dollar and now trades at $1.00 or 0.00010118 BTC.
- Binance Coin (BNB) traded 7% lower against the dollar and now trades at $8.96 or 0.00090690 BTC.
- Populous (PPT) traded down 14% against the dollar and now trades at $22.00 or 0.00222701 BTC.
- RChain (RHOC) traded 2.6% lower against the dollar and now trades at $2.05 or 0.00020698 BTC.
According to CryptoCompare, ” 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. White paper Forum “
Numeraire Token Trading
Numeraire can be traded on these cryptocurrency exchanges: Bittrex, EtherDelta and CryptoDerivatives. It is not possible to buy Numeraire directly using U.S. dollars. Investors seeking to trade Numeraire must first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, GDAX or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Numeraire using one of the exchanges listed above.
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