Numeraire (CURRENCY:NMR) traded 0.5% lower against the U.S. dollar during the 1 day period ending at 17:00 PM ET on February 11th. Numeraire has a market cap of $24.68 million and $723,563.00 worth of Numeraire was traded on exchanges in the last day. One Numeraire token can now be purchased for approximately $19.09 or 0.00229558 BTC on major cryptocurrency exchanges including CryptoDerivatives, Bittrex and EtherDelta. During the last week, Numeraire has traded up 21.2% against the U.S. dollar.
Here’s how related cryptocurrencies have performed during the last day:
- Ripple (XRP) traded 0.9% higher against the dollar and now trades at $1.05 or 0.00012652 BTC.
- Stellar (XLM) traded down 3% against the dollar and now trades at $0.39 or 0.00004630 BTC.
- NEO (NEO) traded up 0.5% against the dollar and now trades at $108.41 or 0.01303510 BTC.
- IOTA (MIOTA) traded down 2.5% against the dollar and now trades at $1.78 or 0.00021417 BTC.
- TRON (TRX) traded down 5.5% against the dollar and now trades at $0.0440 or 0.00000528 BTC.
- Tether (USDT) traded down 0.1% against the dollar and now trades at $1.00 or 0.00012051 BTC.
- VeChain (VEN) traded 1% lower against the dollar and now trades at $4.23 or 0.00050862 BTC.
- U.CASH (UCASH) traded up 1,709.4% against the dollar and now trades at $0.20 or 0.00002409 BTC.
- Populous (PPT) traded 4% lower against the dollar and now trades at $24.95 or 0.00300000 BTC.
- Binance Coin (BNB) traded down 1.8% against the dollar and now trades at $8.91 or 0.00107113 BTC.
Numeraire Token Profile
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. White paper Forum “
Numeraire Token Trading
Numeraire can be bought or sold on the following cryptocurrency exchanges: CryptoDerivatives, Bittrex and EtherDelta. It is not possible to buy Numeraire directly using U.S. dollars. Investors seeking to acquire Numeraire must first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Coinbase or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Numeraire using one of the aforementioned exchanges.
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