Numeraire One Day Volume Reaches $8.78 Million (NMR)

Numeraire (NMR) traded 2% lower against the U.S. dollar during the 24-hour period ending at 20:00 PM ET on March 18th. Numeraire has a market capitalization of $114.34 million and $8.78 million worth of Numeraire was traded on exchanges in the last day. One Numeraire token can now be purchased for $19.42 or 0.00071897 BTC on popular exchanges. During the last seven days, Numeraire has traded 22.4% higher against the U.S. dollar.

Here is how similar cryptocurrencies have performed during the last day:

• KILT Protocol (KILT) traded down 11.6% against the dollar and now trades at $0.40 or 0.00001488 BTC.
• Aidi Finance (BSC) (AIDI) traded 1.3% higher against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded down 1.9% against the dollar and now trades at $0.0667 or 0.00000246 BTC.
• CareCoin (CARES) traded 1.9% lower against the dollar and now trades at $0.0827 or 0.00000306 BTC.
• OmniaVerse (OMNIA) traded 36.6% higher against the dollar and now trades at $0.0011 or 0.00000004 BTC.
• Kitty Inu (KITTY) traded 1.9% lower against the dollar and now trades at $98.93 or 0.00365664 BTC.
• FEG Token (FEG) traded down 1.9% against the dollar and now trades at $0.0008 or 0.00000003 BTC.
• Hokkaidu Inu (HOKK) traded down 1.3% against the dollar and now trades at $0.0007 or 0.00000002 BTC.
• QANplatform (QANX) traded 1.9% lower against the dollar and now trades at $7,190.88 or 0.26577750 BTC.
• Lego Coin (LEGO) traded 22.4% higher against the dollar and now trades at $0.0172 or 0.00000064 BTC.

About Numeraire

Numeraire’s launch date was June 21st, 2017. Numeraire’s total supply is 10,931,080 tokens and its circulating supply is 5,888,504 tokens. Numeraire’s official Twitter account is @numerai and its Facebook page is accessible here. Numeraire’s official website is numer.ai. Numeraire’s official message board is forum.numer.ai. The Reddit community for Numeraire is https://reddit.com/r/numerai and the currency’s Github account can be viewed here.

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.”

Buying and Selling Numeraire

It is usually not possible to purchase alternative cryptocurrencies such as Numeraire directly using U.S. dollars. Investors seeking to trade Numeraire should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, GDAX or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Numeraire using one of the exchanges listed above.

NMR/USD price chart by TradingView