Numerai, the company that created Numeraire, was founded in San Francisco, California in 2015 by Richard Craib and was financed through four separate funding rounds spanning from April 2016 through June 2020, raising a total of $21.5 million.

The best place to buy and trade Numeraire at its current price in Australia is on a cryptocurrency exchange like [Cointree](https://www.cointree.com/). With our secure trading platform, we make it easy to buy and sell NMR in Australian dollars. All you need to do is sign up to our exchange, go through the ID verification steps to confirm your personal details, deposit funds and you'll be ready to make your first purchase. Our exchange offers an expert customer service team to help you trade cryptocurrency, low trading fees, and multiple payment options so that you can buy and sell Numeraire with ease. You can deposit your funds and make your first purchase in minutes.

Through weekly tournaments, individuals who produce proficient predictions/models are incentivized through monetary and crypto provisions. NMR is used by participants as a “stake” when providing their predictions to Numeraire. Consequently, the reward to users factors in the amount of NMR staked and the validity of their models,which is also paid out via NMR.

You can store your Numeraire in the free multi-coin [digital wallet](https://www.cointree.com/learn/cryptocurrency-wallets/) that you receive when you sign up for an account with Cointree. Alongside your Numeraire, you can store hundreds of other digital currencies listed on our exchange, such as popular long-term investments bitcoin and Ethereum. Alternatively, you can store your Numeraire in an external hardware wallet like a Ledger.

At the time of writing, Numeraire has a market cap of $1.28M and a maximum supply of 11MNMR.