Numeraire (NMR) Released - Hedge Fund Ethereum Token
Today (June 20th, 2017) Numer.ai released their cryptocurrency Numeraire (NMR) on the ethereum blockchain.
What is Numerai?
Numer.ai is a hedge fund that uses crowdsourced AI and machine-learning to trade stocks. Users download stock data for free, upload predictions, and get paid in BTC and NMR if their predictions perform well.
We are incentivizing the construction of an artificial intelligence hedge fund with Numeraire, a cryptographic token on the Ethereum blockchain.
– A New Cryptocurrency For Coordinating Artificial Intelligence on Numerai
What is Numeraire (NMR)?
Numeraire (NMR) is an ERC20 token and associated contract. It has a whitepaper and the contract is located at 0x1776e1F26f98b1A5dF9cD347953a26dd3Cb46671
How is it earned/minted?
Each week NMR is awarded to users that do well in the market. There's a supply cap of 21 million. An initial distribution was awarded to the top players.
How is NMR used?
Users can stake NMR on their predictions if they're confident, and earn more NMR if they perform well.
Where can I buy NMR?
As of this post NMR isn't available on any exchanges yet. Trading is happening on slack.numer.ai. As it is an ERC20 token, it should appear on exchanges soon.
Thanks for the article. Just curious, what do you put Numeraire's value at? Looking to possibly invest, but am unsure of whether to do so yet or not. It appears to be dropping in value, so I may hold for a little.
$46 as of this time. It dropped for a while and going up now. I think it's a good investment. Not just another crypto currency but the Idea has been backed up by big brains who have already succeed in the crypto world.
Very interesting concept, however, I am not aware of any prediction model that works all the time. Does numeraire aggregate the predictions of all these scientists in the hope that they will get a better prediction accuracy than before? What would be the compelling reason to invest with/in them as opposed to something like Iconomi or your own intellect?
Interesting blog. I was about to start a similair discussion. It always surprises me how people still sell when a crypto goes down. I mean just invest in solid coins and skip the shady ones. Crypto is here to stay. I was researching a way to do better investment analysis on the current cryptos. I found this amazing platform: https://www.coincheckup.com They seem to give this complete indepth analysis of all cryptocoins. See: https://www.coincheckup.com/coins/NUMARAIRE#analysis For a complete NUMARAIRE Analysis
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