Numeraire

Numeraire (NMR) is a unique cryptocurrency used by Numerai, a decentralized hedge fund powered by AI and crowdsourced predictions. Here are three key features.

Crowdsourced Data Science

Numeraire allows data scientists from around the world to submit predictions about financial markets. Numerai organizes these predictions and uses them to inform its hedge fund trading strategy. Successful predictions are rewarded in NMR tokens.

Staking for Accuracy

Users stake their NMR tokens on their predictions. The higher their confidence, the more NMR they stake. If their predictions are accurate, they earn rewards. If they’re wrong, they lose the staked tokens. This incentivizes high-quality data submissions.

Erasure Protocol

Numeraire utilizes the Erasure Protocol, which allows any kind of prediction market or staking mechanism to be built. This protocol ensures the security, transparency, and trustless nature of the predictions and the staking system, reinforcing trust among participants.