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What is the issue price of NMR coin? Introduction to the issue price and issue quantity of NMR coin

During the initial coin offering (ICO) in September 2017, the issue price of NMR was set at $1 USD per token.

Oct 08, 2024 at 03:12 am

What is NMR coin?

Numerai (NMR) is a decentralized platform that leverages the wisdom of the crowd to train machine learning models. Numerai consists of two main elements:

Numerai Tournament: A weekly competition where data scientists submit predictive models to compete for rewards.
Numeraire (NMR): The native cryptocurrency of the platform, used to pay tournament participants and power the Numerai network.

NMR Coin Issue Price

The initial coin offering (ICO) of NMR coin took place in September 2017. The issue price was set at $1 USD per NMR token, and a total of 11 million NMR coins were issued.

NMR Coin Issuance Quantity

As mentioned above, a total of 11 million NMR coins were issued during the ICO. Numerai has not issued any additional coins since then, so the current circulating supply remains at 11 million NMR.

Factors Affecting NMR Coin Price

Like most cryptocurrencies, the price of NMR coin is influenced by a variety of factors, including:

Demand and supply dynamics
News and developments related to Numerai
Overall trends in the cryptocurrency market

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