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Understand the issuance price and total issuance of NMR coins in one article

NMR's issuance price was $0.50 per coin at its launch in 2017, with a predetermined total issuance of 11 million coins.

Oct 03, 2024 at 03:00 pm

1. Understanding NMR Coin Issuance Price

NMR is an Ethereum-based token used to power Numerai's decentralized hedge fund. It represents the coin's issuance price at the time of its initial launch.

Steps to Determine Issuance Price:

Check public records: Research reliable sources such as whitepapers, press releases, or trusted cryptocurrency websites.
Search for ICO or IEO announcements: These announcements typically specify the issuance price at which the coin was first sold to investors.
Obtain information from exchanges: Some cryptocurrency exchanges list the historical prices of coins, including their issuance prices.

Example:

NMR was launched on May 22, 2017, with an issuance price of $0.50 per coin.

2. Understanding NMR Coin Total Issuance

Total issuance refers to the predetermined number of coins created and released into circulation. This number is usually set at the time of the coin's genesis block.

Steps to Determine Total Issuance:

Check the coin's whitepaper: The whitepaper often contains information about the total issuance supply.
Refer to project websites or documentation: Official project websites or documentation may disclose the coin's total issuance.
Consult cryptocurrency databases: Databases like CoinMarketCap or CoinGecko provide historical data on coin supply, including total issuance.

Example:

NMR has a total issuance of 11,000,000 coins. This means that there will never be more than 11 million NMR coins in circulation.

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