1. Project introduction

Numerai is an Ethereum-based platform allowing developers and data scientists to experiment and create machine learning models with improved reliability. The platform’s main goal is to bring decentralization to the data science field and allow developers to compete in creating effective machine learning prediction models.

The Numerai Tournament is where users build machine learning models on abstract financial data to predict the stock market. The models can be staked with the NMR cryptocurrency to earn rewards based on performance.The staked models of Numerai are combined to form the Meta Model which controls the capital of the Numerai hedge fund across the global stock market.

Numerai and the Numeraire token are unique in terms of the idea behind their creation. One of the main benefits of the NMR token is that it is awarded to data scientists whose models perform well in the Numerai tournament. This means that the token becomes more valuable as more people enter the tournament and start competing.

Not only that, but the models ventured for the tournament allow Numerai to actively participate in stock market trading based on the results revealed by participating projects. This innovative approach to stock trading makes Numerai one of the few hedge funds to rely significantly on AI-generated data predictions.

2. Team introduction

Founder: Richard Craib

Linkedin: https://www.linkedin.com/in/richardcraib/

3. Investment institution

Union Square Ventures, Paradigm, Placeholder, Coinfund, etc.

4. Application and distribution

Total supply: 11,000,000

Token application:

Stake models with NMR to earn rewards based on performance.

Token distribution:

The Numeraire token did not undergo an initial coin offering (ICO). Instead, Numerai decided to distribute 1 million NMR tokens among 12,000 platform users with the highest activity statistics.