What is Numeraire (NMR)? How does it work?

The Numeraire platform enables data scientists and developers to experiment and build advanced machine models. Numeraire was founded in late 2015 by Richard Craib. The Numeraire platform aims to decentralize data science and allow developers to compete with each other in building machine learning prediction models. The platform’s token is NMR. If you have questions like: what is Numeraire (NMR), how does Numeraire (NMR) work, how do you buy Numeraire (NMR) and how do you trade NMR/TRY and NMR/USDT trading pairs, you will find the answers in this article.

What is Numeraire (NMR)? How does it work?

Numerai is a multiple system that includes cryptography, machine learning, artificial intelligence, data science. Numerai is built on the Ethereum blockchain. It operates as a hedge fund. It is emphasized that Numeraire is the first cryptocurrency created by a hedge fund.

NMR, the token of the Numeraire platform, is used to reward users. Data scientists with successful performances in the Numerai Tournament are rewarded with NMR. The Numerai Tournament is a competitive competition where data scientists forecast finances on a weekly basis. NMR is built on the Ethereum blockchain and works with the ERC-20 standard.

NMR is not mined.

NMR’s maximum supply is limited to 11,000,000 units.

How do you store Numeraire (NMR)?

NMR is an ERC-20 based token. You can manage your NMR balances using desktop, mobile or hardware wallets that support ERC-20 based Ethereum assets.

How do you buy and sell Numeraire (NMR)?

You can use the BtcTurk | Kripto mobile app or website to buy and sell Numareire (NMR) with Turkish lira or Tether. If you are not a member of BtcTurk yet, you can become a member quickly on our website or mobile app. You can start trading Numeraire (NMR) by depositing Turkish lira via one of our seven contracted banks, 24/7.