π Numerai (NMR) Coin Complete Guide: An Innovative Investment Platform Where AI and Blockchain Meet
π Numerai (NMR) Coin Introduction
Numerai (NMR) is not just a cryptocurrency, but a token used in an innovative AI-based investment platform. This platform has a unique structure where data scientists from around the world develop machine learning models and compete.
The core of Numerai is developing investment strategies using collective intelligence. It is an innovative system where thousands of data scientists create predictive models based on anonymized financial data, integrate these models, and use them to operate actual hedge funds. Users are rewarded with NMR tokens based on the performance of their predictive models.
π Numeraire (NMR) History and Development
Numeraire's journey began in San Francisco in 2015. Founder Richard Craib started this project to overcome the limitations of traditional hedge fund management methods.
The official launch of the NMR token in 2017 marked the beginning of full-scale blockchain-based operations. Initially, about 1,000 data scientists participated, but now tens of thousands of experts from all over the world are active on the platform.
In 2019, we carried out a large-scale update to switch from Ethereum-based to our own blockchain, and in 2021, we introduced a staking function to create an environment where users can participate more actively. In particular, we have proven our potential as an AI-based investment platform by showing stable performance even during the pandemic.
⚙️ Numeraire (NMR) Operating Principle and Unique System
The way Numeraire works is truly unique. First, the Numeraire team collects massive data from stock markets around the world, anonymizes it, and provides it to participants. This data does not contain individual stock names or specific information, so it is encrypted in the form of 'feature_1', 'feature_2'.
Data scientists develop machine learning models based on this anonymized data and submit models that predict future stock returns. What's interesting is that participants can stake (provide as collateral) NMR tokens if they are confident in their predictions.
If the model performs well, they will receive additional rewards for the staked NMR tokens, and if the model performs poorly, they will lose some of the staked tokens. This method encourages participants to develop more careful and accurate models.
πΌ Numeraire (NMR) Usage and Applications
Numerai's main uses can be broadly divided into three categories. The first is the prediction model staking explained above, and the second is governance participation within the Numeraire platform. NMR holders have the right to vote on important decisions of the platform.
The third is its use in a new service called Numerai Signals. This is a system where participants submit their own stock selection signals and are rewarded with NMR based on their performance. Unlike existing anonymized data-based predictions, predictions using actual stock tickers are possible.
Numerre is also being used in academic research. Many universities and research institutes are using Numerre's datasets for machine learning research, contributing to the development of AI technology.
π¦ Numerre (NMR) Exchanges and Purchase Methods
Numerre (NMR) is currently actively traded on various major exchanges. Upbit is the easiest place to purchase in Korea, and Binance, Coinbase, and Kraken are available for trading overseas.
Each exchange has its own pros and cons. Upbit is convenient because it supports Korean and allows direct deposits in Korean won, but overseas exchanges offer more diverse trading pairs and advanced features. In particular, Binance supports various trading pairs such as NMR/USDT, NMR/BTC, and also provides staking services.
When choosing an exchange, considerations include transaction fees, security level, user interface, and customer support. For beginners, we recommend Upbit or Coinbase, which are easy to use, and for experienced users, we recommend Binance or Kraken, which have rich features.
π₯ Numeraire (NMR) Community and Ecosystem
Numeraire's community is a group of experts that goes beyond a simple investor gathering. It forms a unique ecosystem where data scientists, quant traders, and AI researchers from around the world gather.
The official platform, Numeraire Forum, is a place for active technical discussions. In-depth discussions are held on modeling techniques, data analysis methodologies, and the latest machine learning trends. We also provide opportunities to interact directly with the founders through monthly live streams.
There is also an active community on Twitter and Reddit. In particular, the r/numerai subreddit shares a variety of information, from beginner guides to advanced modeling techniques. The Telegram group discusses market conditions and model performance in real time.
π Numeraire (NMR) Wallet and Security Management
NMR tokens are Ethereum ERC-20 based, so they can be stored in most Ethereum compatible wallets. There are several options depending on the level of security.
If you want the highest security, we recommend a hardware wallet. The Ledger Nano series or Trezor are representative examples, and you can block the risk of hacking by storing offline. However, the price can be burdensome at around 100,000-200,000 won.
If you want a medium level of security, you can use software wallets such as MetaMask or Trust Wallet. They are free and convenient to use, but you need to be more careful about security because you use them while connected online.
Exchange wallets are convenient, but they have security risks. It is recommended to store only small amounts and withdraw most of them to a personal wallet. Especially if you are planning to stake on the Numeraire platform, MetaMask integration is essential, so it is a good idea to set it up in advance.
⚠️ Important Notes to Know When Investing
If you are considering investing in Numeraire (NMR), be sure to keep the following in mind:
1. High Volatility: NMR, like other altcoins, shows high price volatility. It often fluctuates by more than 10-20% in a day, so decide on an investment amount within the range you can afford to lose.
2. Technical Complexity: Numeraire is a project that requires understanding of AI and machine learning. It is important to understand the technical value and invest, not just speculation.
3. Regulatory Risk: AI-based financial services are still an area where regulations are not clear. Future regulatory changes may affect the project.
4. Diversification: Don't focus on one stock, diversify your portfolio. It is recommended to allocate only 5-10% of your total investment assets.
You should also understand that Numeraire's actual hedge fund performance and token price are not always linked. The token price is affected by various factors such as market sentiment, overall cryptocurrency market trends, and project development status.
Before investing, it is important to check the latest information and continuously monitor the project progress through the official blog and GitHub. Please refer to the information on the official channel first rather than the fragmentary information on social media.
We have learned about the Numeraire (NMR) coin in detail. As it is an innovative project that combines AI and blockchain, we hope that you will make a careful investment decision based on sufficient understanding. If you have any questions, please leave a comment at any time. Have a safe and wise investment life! π