Virtual currency Numeraire is a coin used at the site performing the analysis of information that has the format ERC 20. The main goal of the team was to create a platform capable on the basis of the forecasts of experts to independently predict the outcome of events for organizations or foundations. This platform can be described as special software for hedge funds.
Coin cryptocurrency Numeraire will be provided as remuneration for experts, most accurate prognozirovanii the outcome of certain events.
Features a virtual currency Numeraire
During the creation of a platform, the developers took as a basis the technology of Ethereum. In this regard, this platform operates using smart-contracts that are applied in all processes.
After analysis of the instrument involved, will be able to send your prediction using the smart contract on the platform. With the right prediction at the expense of the expert will be credited coins NMR. In the case of an incorrect prediction specialist may lose existing tokens.
According to the algorithm of the platform, will generate 21 million coins. The first coins will be distributed among the experts according to their statistics.
The promise of the project
To attract funding for the creation of the project organization Numerai took the decision to hold the ICO, with the result that managed to attract about 7.5 million U.S. dollars. To increase the likelihood of success, the founders of the project also enlisted the support of Fred Aroma known as the Creator of Coinbase, Jean Banya, which is a specialist FileCoin, Joe Circle – specialist of the Augur, as well as with a venture capital Fund Union Square.
Moreover, this project is hardly unique, as you were previously running a similar platform under the name Cindicator. In this regard, it is impossible to accurately predict how it will develop the project.
Buying tokens NMR
As of 12th March 2018, the year, the value of the coin MNR is 21 USD. To buy this coin on crypto-currency trading platforms Bittrex and Upbit. The level of total capitalisation of the coin is $ 27 million.