About Numeraire (NMR)
Numeraire is a hedge-fund that crowdsources predictive-trading algorithms with weekly competitions.
Numeraire has redefined prediction-model-building by conducting a weekly tournament that compensates data scientists for developing high-performing trading models. Data scientists submit prediction models built on top of a data set that is shared with all other participants. They are rewarded based on the accuracy of the model they submitted and the quantity of Numeraire tokens (NMR) they staked, if any, for a given tournament.
NMR is the digital asset token used to pay for services on the Numeraire network. It is built on Ethereum in accordance with the ERC20 standard for tokens. NMR can be bought and sold for fiat currency or other digital currencies.
NMR can be stored in a crypto wallet and custodian like Gemini.
The supply of NMR tokens is fixed at 11 million NMR.