BTSE is pleased to bring Numeraire (NMR) onto its platform, growing the selection of quality digital assets available to its users.
NMR is native to Numerai, a hedge fund company based in San Francisco that aims to enable users to trade equities on Ethereum. NMR is used to stake in a weekly prediction tournament that Numerai organizes with Erasure, a decentralized prediction staking protocol. The tournament requires users to submit their trading algorithms, allowing anyone to bet on the most likely outcomes. NMR tokens are used as rewards for the successful predictions, while staked NMRs are burned for the unsuccessful ones.
NMR has a circulating supply of around 5.92 million tokens out of a maximum of 11 million, at a price of $27.05 on April 21, 2022.
Trade NMR here
Deposit NMR here
Sign up for a BTSE account here
Trade on the go — download the BTSE mobile app (iOS/Android)
Our aim is to create a platform that offers users the most enjoyable trading experience. If you have any feedback, please reach out to us at firstname.lastname@example.org or on Twitter @BTSE_Official.
Note: BTSE Blog contents are intended solely to provide varying insights and perspectives. Unless otherwise noted, they do not represent the views of BTSE and should in no way be treated as investment advice. Markets are volatile, and trading brings rewards and risks. Trade with caution.