About Numeraire (NMR)
Numeraire (NMR) represents an approach to bridging data science and the cryptocurrency space through a crowdsourced hedge fund platform. It is harnessing the collective intelligence of data scientists worldwide to develop predictive financial models.
Numeraire is grounded in the Ethereum blockchain, utilizing smart contracts to execute its operations securely and transparently. The platform's core is its sophisticated AI aggregation model, which consolidates numerous individual predictions into a coherent investment strategy for its hedge fund operations.
Numeraire functions through its native token, NMR, which integrates within the Erasure Protocol—also developed by Numeraire’s parent company, Numerai. This protocol employs NMR for staking against predictions, incentivizing accurate forecasting in financial markets. When data scientists submit predictions, they stake NMR tokens, which can be rewarded if their predictions are accurate or forfeited (burned) in the case of inaccuracies.
The roadmap of Numeraire appears promising as it taps into the increasing demand for decentralized finance (DeFi) solutions and data-driven investment strategies. With its use of AI and community-driven predictions, Numeraire aims to refine its model further, potentially expanding its use cases and enhancing user engagement.
The price of the NMR token is updated and live-tracked on Binance.
