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RE: Etherpunk Approves: Numerai / Numeraire (NMR) - A new kind of hedge fund built by a network of data scientists [Update: Take up a machine-learning course and have your fees subsidised. 5 more slots available!]
So it is a hedge fund that lets machine learning enthusiasts get access to data, and code them a AI for market prediction?
Who gets the profit generated, and how will the users benefit from holding this token?
The token is a way to stake up anyone's predictions. If it clearly falls out of confidence range, one may even lose their stakes, so this is a way for good legit accounts to earn and be in the game. Otherwise it's almost like a stock if one doesn't use it.