Numeraire Price

NMR Cryptocurrency Introduction

Introduction:
NMR (Numeraire) is a cryptocurrency and software designed as a hedge fund to facilitate stock trading on the Ethereum blockchain. It was launched in 2017 and is the world's first cryptocurrency issued by a hedge fund.

Uses:
The main use of NMR is to incentivize data scientists and creators of prediction models to participate in the Numerai platform. Users can stake their prediction models with NMR tokens to receive rewards based on the model's predictive performance.

How it works:
The Numerai platform allows developers and data scientists to experiment and create more reliable machine learning models. The platform's primary goal is to introduce decentralization into the field of data science, allowing developers to compete in creating effective machine learning prediction models.

Token Distribution:
NMR tokens were not distributed through an initial coin offering (ICO), instead, it was decided to distribute 1 million NMR tokens among the top 12,000 most active users on the platform.

Team:
Numerai was founded in 2015 and is led by Richard Craib, a technology expert with in-depth research in financial markets and artificial intelligence.

Features:
The creation of NMR tokens is intended to incentivize data scientists and model creators to share their prediction algorithms and reward them for their contributions. Through incentive mechanisms based on cryptocurrency and blockchain technology,..

Numerai company hopes to attract more data scientists and model creators to contribute their wisdom and algorithms to their platform.