What is Numeraire (NMR)? More Than Just Crypto Coins

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Bittime - Crypto lovers, get ready to dive into the Numeraire project and its native token, NMR. Let's break down its complex ecosystem, understand how it works, and navigate the ins and outs of its price movements.

Numeraire: A Fusion of AI and Hedge Funds

Numeraire, launched in 2015, is a pioneering project that leverages the power of AI and a global network of data scientists to revolutionize quantitative finance. It operates as a decentralized hedge fund, leveraging collective intelligence to build predictive stock market models. At the heart of this ecosystem lies the Numeraire (NMR) token, but before we learn how it works, let's explore the core components of the platform:

• Numerai Signals: Users stake NMR tokens to upload market predictions, potentially earning rewards based on their accuracy.
• Numerai Tournaments: Data scientists compete in weekly contests, submitting their best prediction models for a chance to win NMR tokens.

Token Numeraire (NMR): Ecosystem Fuel

NMR, an Ethereum-based ERC-20 token, serves as the lifeblood of the Numeraire ecosystem. Here are his various roles.

• Staking: Participants stake NMR to submit predictions in Signals and Tournaments, demonstrating their commitment to quality.
• Governance: NMR holders have voting rights, shaping the future of the platform through proposals and decisions.
• External Value: NMR can be traded on various exchanges, offering potential investment opportunities.

NMR Tokenomics: A Deeper Look

• Total Supply: 11 million NMR
• Initial Supply: 1 million NMR distributed to data scientists
• Token Type: ERC-20
• Smart Contract Address: 0x1776e1f26f98b1a5df9cd347953a26dd3cb46671

Revealing the Mechanism: How Numeraire (NMR) Works

Numeraire aggregates predictions from its users, leveraging them to fuel AI-powered trading models. The model then executes trades in the real world, seeking to achieve optimal profits.

Numerai Signals

Users submit predictions, staking NMR as collateral. If their predictions are accurate, they get a prize; otherwise, their bets are burned.

Numerai Tournament

Data scientists compete, betting NMR on their preferred prediction model. Winners get prizes, while losing bets are burned.

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Investing in NMR: Why is it Important?

It cannot be guaranteed whether NMR is a good investment for you. Thorough research and risk assessment are essential before entering any cryptocurrency. However, here are some key factors to consider.

• Numeraire Ecosystem Performance: Increased adoption and success could have a positive impact on the price of NMR.
• On-Chain Analysis: Tools like Moralis Money offer valuable insight into token activity and potential future movements.

Remember, crypto markets are inherently volatile. Make the right decision based on your financial situation and risk tolerance.

How to Buy Crypto on Bittime

You can buy and sell crypto assets in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.  

To be able to buy crypto assets on Bittime , make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. Learn  Complete Guide How to Buy Crypto on Bittime .  

Monitor price chart movements of Bitcoin (BTC) ,  Ethereum (ETH) ,  Solana (SOL)  and other cryptos to find out today's crypto market trends in real-time on Bittime. 

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DISCLAIMER : This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.