Numeraire (NMR) is the native cryptocurrency of Numerai, a decentralized hedge fund that uses artificial intelligence and crowdsourced predictions to make investment decisions.
Kalkulator Numeraire ke Rupiah (NMR to IDR)
Konversi Harga Numeraire hari ini ke dalam Rupiah sebaliknya.
Key stats
Market Capitalization
IDR 1.137.522.580.876
Trading volume 24H
IDR 127.843.001.279
Volume / Market Cap
11,23872206392147354848 %
Fully Diluted Valuation
IDR 1.523.206.169.278
All time high
IDR 1.329.816
Circulating supply
NMR 7.971.098
Max supply
NMR 11.000.000
Total supply
NMR 10.673.744
About Numeraire (NMR)
Numeraire (NMR) is the native cryptocurrency of Numerai, a decentralized hedge fund that leverages artificial intelligence and machine learning to make data-driven investment decisions. NMR incentivizes data scientists to participate in predicting financial markets through competitions on the Numerai platform.
Numeraire (NMR) Working Mechanism
Numeraire operates on the Ethereum blockchain. Data scientists stake NMR tokens on their predictions, with successful forecasts earning rewards. Incorrect predictions result in the loss of staked tokens. This staking mechanism ensures participants provide accurate and reliable market predictions.
Uniqueness of Numeraire (NMR)
Numeraire stands out by combining AI, blockchain, and finance. Its decentralized approach enables global collaboration among data scientists while safeguarding proprietary data through encrypted submissions, fostering both transparency and competition in investment strategies.
Advantages and Disadvantages of Numeraire (NMR)
Advantages:
- Encourages innovation through global data scientist collaboration.
- Transparent and decentralized system for market predictions.
- Uses machine learning for high-level financial data analysis.
Disadvantages:
- High dependency on data scientists’ predictions and staking accuracy.
- Volatility of the NMR token affects staking rewards and risk.
Features of Numeraire (NMR)
- Data Scientist Incentives: NMR rewards encourage accurate predictions.
- Staking Mechanism: Ensures accountability and reduces fraudulent submissions.
- AI & Machine Learning Integration: Enhances market prediction capabilities.
- Decentralized Model: Promotes open competition for investment strategies.
History and Development of Numeraire (NMR)
Numeraire was launched in 2017 by Richard Craib, the founder of Numerai. The project aimed to create a decentralized network of data scientists who could collaborate to improve hedge fund investment strategies. Over the years, Numerai has attracted thousands of participants globally, evolving with advancements in AI and blockchain technology.
How to Buy Numeraire (NMR)
Interested in purchasing this particular crypto asset? You can buy Numeraire (NMR) by following these steps:
- Install Nanovest app on the App Store or Play Store.
- Register according to the instructions.
- Verify your identity for security and convenience when buying crypto through the KYC feature which you can do in just 1 minute.
- Top Up your balance to your Nanovest account.
- Go to the Crypto menu, search and select Numeraire (NMR).
- Click the Buy button and confirm the purchase with your desired amount. You can start with only IDR 5,000.
Before investing in the crypto asset, be sure to conduct research and analysis first. You can do this by checking the crypto asset profile, industry conditions, monitoring price movement trends, and observing its liquidity and trading volume. Performing this analysis is crucial so you can formulate an accurate investment strategy and minimize losses.
Is it Safe to Buy Numeraire (NMR) on Nanovest?
Absolutely. Nanovest is supported by a number of professional partners with a strong reputation for providing quality services. One of these includes the technology backing of the S-Quantum Engine by Sinarmas Financial Services.
For global and US stocks, Nanovest collaborates with brokers registered with the Financial Industry Regulatory Authority (FINRA) in the United States – which ensures Nanovest users’ broker accounts up to US$500k by the Securities Investor Protection Corporation (SIPC) in the United States.
As for crypto assets, Nanovest is an Indonesian crypto exchange registered with the Commodity Futures Trading Regulatory Agency (Bappebti). The Nanovest platform itself is also insured through a partnership with Sinarmas Insurance.
Disclaimer
All content on this website is for informational purposes and doesn’t constitute a recommendation to buy/sell any stock or crypto. Investors should understand the nature of stocks and digital assets, including return and risk requirements of the assets. We encourage investors to fully understand the assets and risks before making any investment. Always do your own research.
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