Numeraire คือโทเค็นอีเธอร์เรียมที่ขับเคลื่อน Numerai ซึ่งเป็นกองทุนป้องกันความเสี่ยงหรือ Hedge Fund ที่ตั้งอยู่ในซานฟรานซิสโก โดยรวมเอาปัญญาประดิษฐ์มาใช้ในการลงทุนในตลาดหุ้นรายใหญ่ๆ ทั่วโลก ผู้ถือครอง Numeraire (NMR) สามารถใช้โทเค็น NMR ของตนเป็นหลักประกันได้ทุกสัปดาห์ตามการคาดการณ์ที่เฉพาะเจาะจง การคาดการณ์ที่เป็นจริงจะได้รับรางวัลเป็น NMR เพิ่มเติม
What Is Numeraire (NMR)?
Numerai is a network that works as a hedge fund and enables users to trade equities on the Ethereumblockchain. As per the website, the platform uses the technology of artificial intelligence (AI) and machine learning to make investments in stock markets globally. The platform aims to provide quality data that is clean, regularized, and usable. In simple words, Numerai is blockchain-based software that gives stock market forecasts and makes investments based on artificial intelligence.
Today, one of the major problems of making forecasts for the stock market is reliance on historical data. As per the whitepaper, most data analysis models use historical data and leave the current data to make predictions. This degrades the quality of data and sometimes makes it completely useless. Numerai intends to solve this problem by using artificial intelligence that uses current data to make predictions. By using machine learning, platform users can make trades based on more relevant and up-to-date data.
Coming to the platform’s work, Numerai is essentially a global artificial intelligence tournament to solve the stock market. Users download data, build a model, and upload their predictions. The platform turns the stock market into a big data science problem and incentivizes the participants to make correct predictions. The platform encrypts the data and provides it without any cost.
To achieve its vision of providing quality data, the platform offers two applications for different types of traders:
To operate everything, the native token of the platform, Numeraire (NMR), is required. It should be noted that Numerai is the platform, and Numeraire is the token. Running on Ethereum, NMR is an ERC20 token and also the platform’s cryptocurrency. The token works primarily as a utility token and acts as the payments method on the platform. NMR executes all the software operations and is also used for staking the outcomes of the predictions. The token is given out as incentives to participants of the Signals app and Tournament app.
History of Numeraire (NMR)
Based in San Francisco, California, Numerai is the company that launched the Numeraire token. Numerai was founded in 2015 by Richard Craib.
Craib is a Cornell University graduate in mathematics and economics. Before Numerai, he worked as a data scientist at an asset management firm. Along with Geoffrey Broadway and Xander Dunn, he launched the whitepaper of the platform on February 20, 2017.
According to official documents, the project raised over $26.5 million through five rounds of funding from 2016 to 2021. The project didn’t conduct an initial coin offering (ICO) and launched its NMR token on the Ethereum mainnet in 2017. On the contrary, the project issued one million tokens and distributed them to various data scientists based on their contributions to the platform.
How Are Numeraire (NMR) Tokens Earned?
The platform on its two applications, Signal and Tournament, allows staking. The participants who provide trading strategies and predictions on the Signal and Tournament applications are scored and rewarded with new NMR tokens based on their performance. The protocol decides whether the user has made right or wrong predictions and whether the user should be rewarded or have their stake burned.
How Many Numeraire (NMR) Tokens Are There?
Numeraire has a limited maximum supply and is capped at 11 million NMR tokens.
How to Purchase Numeraire (NMR) Tokens
The NMR token is available on several centralized and decentralized exchanges like Coinbase. Coinbase is an easy-to-use and beginner-friendly platform for trading, storing, and converting NMR.
