Numerai - Crypto's decentralized hedge fund
Numerai incentivizes quants, coders, and traders to beat the stock market.
Concise Crypto
May 31, 2022
Numerai (NMR)
What is Numerai?
Numerai is a protocol on the Ethereum network that acts as a decentralized hedge fund. Data scientists can propose their analysis and potential market outcomes in the network and other users can vote on them.
Why does Numerai have value?
There are two working models in Numerai: Numerai Signals and Numerai Tournament. In both models, users must stake NMR when proposing their predictions and if they are correct, they get rewarded with NMR; if not their staked tokens are burnt.
What are the Pros of Numerai?
● Numerai is incentivizing coders/traders to beat traditional hedge funds.
● Traders can earn rewards by creating or betting on successful market analysis.
● Coin burning makes the token deflationary and increases the price.
What are the Cons of Numerai?
● It's hard to outsmart the market.
● The protocol is complicated for beginners.
What are NMR’s tokenomics?
The maximum supply of NMR is 11 million. 3 million are locked in a wallet, and they will be gradually released as rewards and prizes. The distribution is expected to end in 2028. When the platform launched, the development team distributed 1 million NMR to the most active users.
Who founded Numerai?
Richard Craib.
Who are Numerai’s investors?
None.
Concise Crypto Grade:
B+ :Numerai is a super-interesting crypto protocol that incentivizes anonymous traders and coders to create quant programs that will beat standard returns of the traditional market. It’s so inventive that the Harvard Business Review recently dedicated an entire podcast to it. This is one of the greatest things about crypto. Incentivizing communities (without borders) to share work and become better. We love what Numerai is doing.
Where can I buy NMR?
Coinbase Exchange, Binance, Bithumb, Bittrex, KuCoin, Gate.io.
What ecosystem does Numerai run on?
Ethereum