VNDC officially lists Numeraire Token (NMR) on VNDC Wallet from September 5th. After NMR is added, users can perform the following functions with NMR:
- Off-chain transactions: Send, receive NMR with other users on the same system.
- Exchange: Swap from VNDC to NMR and vice versa.
About Numeraire
Numeraire is an Ethereum-based blockchain platform that allows data scientists to predict financial models by providing encrypted data. By combining the power of Machine Learning, AI technology, data science, and cryptography, Numeraire builds an optimal economic model without sacrificing data security.
Founded in late 2015 in San Francisco, Numerai was the first hedge fund to launch a cryptocurrency in the market that allows users to protect their portfolios from market volatility while generates positive returns in both up and down markets. However, unlike traditional hedge funds, Numerai requires the cooperation of data scientists to develop the system and get the most out of it.
The development team claims that Numeraire is the first hedge fund to use Machine Learning in its investment strategy. Numeraire’s goal is to be a platform that combines data science, machine learning, and AI with cryptography to reward scientists for predicting financial models using cryptographic data.
Website: https://numer.ai/
What is NMR token?
Numeraire token (NMR) is a utility token for the Numeraire network, operating on the Ethereum platform according to the ERC20 standard. Data scientists need to stake their NMR to predict model finance in the Numeraire network and receive a bonus for each correct prediction.
Specifications:
- Name: Numeraire Token
- Symbol: NMR
- Platform: Ethereum
- Standard: ERC-20
- Smart Contract Address: 0x1776e1F26f98b1A5dF9cD347953a26dd3Cb46671
- Type: Utility Token
NMR has been listed on some of the largest cryptocurrency exchanges like Binance, Upbit, OKEx, HitBTC,… At the time of listing on VNDC Wallet, NMR ranked #140 on CoinMarketCap, with some price data as follows:
NMR Price 1,068,346 VNDC Market Cap 478,452,982 USD 24h Trading Volume 22,844,908 USD Circulating Supply 10,198,144 NMR Max Supply 11,000,000 NMR
Trading NMR on VNDC Wallet
At the moment, users can perform the following features with NMR on VNDC Wallet:
- Off-chain transactions: Send, receive NMR with other users on the same system.
- Exchange: Swap from VNDC to NMR and vice versa.
