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Numeraire Price in India (NMR)

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NMR to INR Converter

As per last price at 00:00:00, 01/01/70

INR

NMR

TRADE NMR NOW

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NMR Performance

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NMR Market Information

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NMR Price Today

The live price of Numeraire is ₹ 0 per (NMR / INR) with a current market cap of INR. 24-hour trading volume is ₹ INR. NMR to INR price is updated in real-time. Numeraire is +0% in the last 24 hours with a circulating supply of .

About Numeraire (NMR)

What is Numeraire ?

Numeraire is a hedge fund-like programme that enables users to trade stocks on the Ethereum blockchain. The concept is that users may make trades based on artificial intelligence and forecasts provided by a worldwide network of data scientists who utilise blockchain technology. 

Numerai, the business that launched Numeraire, was formed in 2015 in San Francisco, California, by Richard Craib. They raised $21.5 million in four distinct investment rounds running from April 2016 to June 2020.

NMR, Numeraire’s native digital token, is required to stake on tournament results, perform payments, and compensate tournament players.

Primary features of Numeraire

  • Numeraire offers two distinct apps geared toward different sorts of traders:
  1. Signals – A channel for submitting stock market techniques that promote a particular stock or trading style
  2. Tournament — A weekly tournament where users submit trading algorithms about the stock markets, enabling anybody to wager on the most probable conclusion
  • The ecosystem is built on the Erasure protocol, a collection of smart contracts on the Ethereum blockchain. It enables Numerai to reward users who staked their NMR tokens correctly or destroy them if they were incorrect.
  • Numerai employs an artificial intelligence aggregation model, dubbed a “meta model,” that includes all the predictions received from its application network’s members.

Is Numeraire a promising cryptocurrency?

According to the company’s regulations, there can be only 21 million Numeraire. Investors may choose to include numeraire cryptocurrency in their portfolios if they feel the market will eventually prefer crowd-sourced hedge fund applications.

How to use Numeraire?

Here are some uses of the Numeraire coins:

  • Make predictions: Users need to stake Numeraire Coins to make predictions.
  • Pay for services: NMR is the Numeraire network’s digital asset token used to pay for services.
  • Exchange Numeraire: NMR may be purchased and traded in exchange for fiat money or other digital currencies.
  • Trading: One can keep Numeraire cryptocurrency in a cryptocurrency wallet for trading purposes.

Pros & Cons of Numeraire

Pros

  • A limited supply can aid in the coin’s value preservation.
  • Each week, Numerai hosts a competition in which scientists access new data and utilise it to build financial models.
  • The scientists are required to stake some Numeraire tokens (NMR) on their models to avoid manipulation
  • Participants that staked NMR tokens on the correct prediction will get freshly minted NMR tokens; otherwise, the staked NMR will be burnt or destroyed permanently.

Cons

  • Need for advanced computer skills:

    Machine learning algorithms are somewhat difficult for non-experts to develop. To develop a model capable of earning money, one will need sophisticated computer science abilities.

  • Rise of competitors:

    Numeraire is a pioneer in applying machine learning prediction algorithms to assist consumers who are experimenting with algorithmic investment techniques. Now, rivals such as Quantconnect and Quantiacs are present in the market.

Trade Numeraire on CoinSwitch kuber

  • It is a simple and easy to use platform 
  • Trade Numeraire coins through CoinSwitch Kuber 
  • Get the best exchange rates
  • Start trading and investing without any fees

Numeraire ICO summary

In 2017, Numerai released the Numeraire token on the Ethereum mainnet without conducting an Initial Coin Offering (ICO).  Instead, Numerai distributed one million NMR tokens to 12,000 data scientists based on their previous participation in Numerai Tournaments.

FAQs

1. How do I buy Numeraire?

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To buy Numeraire, do the following steps:

Step 1:

Sign in to your CoinSwitch app using your registered mobile number. Enter the OTP sent to your phone, then input your CoinSwitch PIN to access your account.

If you don't have an account, click here to register: new account.

Step 2:

After logging in, you'll find your CoinSwitch dashboard. Look at the top right corner for a search icon. Use it to find Numeraire.

Step 3:

Once you find Numeraire and are ready to buy, click on the Buy button at the bottom of the screen and follow the instructions to make your purchase.

2. What is the price of Numeraire?

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The price of 1 Numeraire is ₹0.

Note: Numeraire prices are subject to change in the future based on market trends.

3. What is the price of Numeraire today?

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The current price of 1 Numeraire is ₹0.

Note: Numeraire prices are subject to change in the future based on market trends.

4. Can I buy Numeraire for ₹100?

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Yes! You can buy Numeraire for as low as ₹100 on the CoinSwitch app.

5. How much is 1 Numeraire in rupees?

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The current value of 1 NMR is ₹0.

6. What is the current trend in Numeraire?

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NMR has been NaN% in the last 24 hours.

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NMR to INR Converter

As per last price at 00:00:00, 01/01/70

INR

NMR

TRADE NMR NOW

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