Numeraire (NMR) is a digital token based on Ethereum blockchain. You can buy Numeraire on our website, BestRate.org. It is based on an artificial intelligence hedge fund. The token is used by the new auction mechanism that aims to prevent overfitting in an economy and encrypts information to make the market more efficient.
The main problem that Numeraire plans to solve is the inefficiency of the stock market. Tons of data has been accumulated by machine learning, but only a few of the world’s data scientists have access to it.
Numeraire wants to change this situation by creating an artificial intelligence hedge fund.
How to buy Numeraire
If you want to buy Numeraire digital currency using some other currency you own, first select the currency you have and put in the amount.
Select the Numeraire price rate that works best for you.
Type your Numeraire wallet address. After that BestRate.org will generate the address for you. Copy this address. Then you will see that the transaction was created, its status will be displayed on your screen.
How to sell Numeraire
If you want to sell Numeraire and buy another type of cryptocoin, first select the currency you want to buy and put in the amount. Then repeat all the steps described above.
BestRate.org provides you with the best Numeraire exchange rates so that you could maximize your profits.
What is Numeraire
Numeraire is a project that allows data scientists to build their own machine learning models to control the investments in the hedge fund. Machine learning algorithms have been significantly developed over the last several years, so the Numeraire project is here to use these algorithms to earn more money.
Numeraire project is not only a data driven machine. It is a blockchain project that allows any user to create its own applications and machine learning algorithms. It also allows the system to collect data to analyse and to improve this model.
Advantages of using Numeraire
NMR is the first coin, based on the Proof of Intelligence algorithm. Scientists create their models and look how they will compete with each others on the market. Top 100 creators will later receive reward in NMR or USD for their work and the model will become the next chain in this blockchain.
Numeraire has a ERC20 token. This means that it has a familiar Ethereum smart contract functionality in its core and there is no need to learn any other blockchain language.
Numeraire has elected 12 000 scientists and given them tokens. These scientists should build their models for market trading. Then they place a bet in NMR for their models. The results then are compared and the top 100 are receiving their Numeraire back and also receive some Bitcoin.
NMR is a token of the Numeraire project. But it is not an ordinary coin. It can be bought and sold or exchanged, but the main purpose of it to be a bet of the competition of logical models.
You can exchange NMR for any other coins using Exchange platforms. Or you can compare their prices between each other using aggregators like Bestrate.org.
Nodes are used to process transactions. A node is a computer that collects all the data of the blockchain and keeps it safe, verifying every transaction.
NMR can be converted to USD. If you multiply the price of one NMR by the total number of NMR available, you will get a Market Capitalization of the whole network.
NMR investment strategy
NMR is a coin that is used for the scientific researches. This coin will not be so fluctuative following the main currencies in the market. You can invest in it in order to support scientific researches in the data science field. Later on it can become profitable when this computer algorithms will become more complicated.
Where to keep NMR
The safest way to keep your NMR is to buy a hardware wallet. Ledger and Trezor wallets support NMR. As it is an ERC20 token you can store it on almost any kind of Ethereum wallet you like as well.
How to transfer NMR securely
NMR is a cryptoasset and you should remember that there will no be bank or other third party member in your transaction. So to keep your coins safe we have prepared several advice for you.
Never type a wallet address manually
Always use only copy-paste operation to enter a wallet address. Any mistake can cause an error and let your money get lost in the network.
Look up the transaction fee
Any good wallet or an exchange platform will show you the transaction fee for your money transfer. Look for it anytime you send NMR coins to anyone.
Double check the address
Make sure that the address of the recipient is correct and check it several times before sending off the sum, especially if you transfer big amounts of NMR coins at a time.