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NMR
Numeraire
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Sell Numeraire NMR

NMR is the reward and governance token of the Numerai protocol. Numerai was founded by Richard Craib and began as a start-up in Silicon Valley, California. The company was formed in 2015 with the strategy of capitalising on network effects of having data scientists collaborate to make the best algorithmic hedge fund. Like other blockchain projects, data scientists who contribute will be rewarded in payment; however as Numerai is betting on markets, these scientists are rewarded differently based on the performance of their contributions. Because it is an open-source blockchain project, Numerai has many different data scientists worldwide instead of a normal hedge fund which employs workers in-house. These data scientists are rewarded for their input, originally in Bitcoin but the company has since created their own cryptocurrency to reward its contributors. Essentially, this protocol can be considered as an open source ‘AI’ hedge fund which relies on the power of the crowd of contributors to make money in markets with its predictive algorithm. NMR is built on the Ethereum blockchain. Data scientists are rewarded with tokens when participating in ‘tournaments’ which are the rounds held where they can contribute to the code.

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Frequently Asked Questions (FAQs)

The Numeraire price is $23.77 AUD, representing a -6.04% from the day prior.

Yes - you can easily buy and sell Numeraire (NMR) on Coinstash. Simply login or sign up, to start buying Numeraire (NMR) in minutes.

The best place to buy Numeraire (NMR) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Numeraire (NMR) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.

The trading volume of Numeraire (NMR) is $35.7M AUD in the last 24hrs, representing a -6.04% from the day prior.

Numeraire (NMR) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.

The current market cap of Numeraire (NMR) is $178.9M AUD.

Yes - With Coinstash you can convert your Numeraire (NMR) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.

The current circulating supply of Numeraire (NMR) is 7.4M.

Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Numeraire (NMR) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices here.

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