<p>It was not on the blockchain at that point. 
It was announced in February:
<a href="https://medium.com/numerai/numeraire-the-cryptocurrency-powering-the-world-hedge-fund-5674b7dd73fe" rel="nofollow noreferrer">https://medium.com/numerai/numeraire-the-cryptocurrency-powering-the-world-hedge-fund-5674b7dd73fe</a></p>

<p>Live:
<a href="https://medium.com/numerai/an-ai-hedge-fund-goes-live-on-ethereum-a80470c6b681" rel="nofollow noreferrer">https://medium.com/numerai/an-ai-hedge-fund-goes-live-on-ethereum-a80470c6b681</a></p>

CC BY-SA 4.0
2018-08-23T19:49:14.763Z
2018-08-23T19:49:14.763Z
numerai
<p>The 12th of February 2017 <a href="https://numer.ai/homepage" rel="nofollow noreferrer">numerai</a> gave 1M NMR to 12K users. 
NMR is based on ERC-20 (ethereum protocol). I was one of the lucky receivers. A few months later, crypto exchanges started trading with NMR and I sold my share. </p>

<p>In my country, the authorities started taxing cryptos with retrospective effect.</p>

<p>There is one way I can avoid paying tax: If the crypto was worthless or untradeable at the time I received it.</p>

<p><strong>Question:</strong> Was it (theoretically) possible for me to trade the NMR at the time I received them (12th of February 2017)?</p>

<ethereum>
Trading ERC-20 based token
Vingtoft
# Trading ERC-20 based token

(Asked by: username_0 on 2018-08-23)

The 12th of February 2017 [username_1](https://numer.ai/homepage) gave 1M NMR to 12K users.
NMR is based on ERC-20 (ethereum protocol). I was one of the lucky receivers. A few months later, crypto exchanges started trading with NMR and I sold my share.

In my country, the authorities started taxing cryptos with retrospective effect.

There is one way I can avoid paying tax: If the crypto was worthless or untradeable at the time I received it.

**Question:** Was it (theoretically) possible for me to trade the NMR at the time I received them (12th of February 2017)?

**Tags:** ethereum


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## 1 answers

### Answer by username_1 on 2018-08-23. Score: 0

It was not on the blockchain at that point.
It was announced in February:
<https://medium.com/username_1/username_1re-the-cryptocurrency-powering-the-world-hedge-fund-5674b7dd73fe>

Live:
<https://medium.com/username_1/an-ai-hedge-fund-goes-live-on-ethereum-a80470c6b681>


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