Numeraire

Numeraire (NMR) was introduced to the crypto market on June 23, 2017. The initial NMR price was $44.5. The company behind Numeraire, Numerai, was founded in 2015 by Richard Craib and is based in San Francisco, California. Numerai raised $21.5 million during its crowdsale event from April 2016 to June 2020, securing investments from prominent firms like Union Square Ventures, Paradigm, and Placeholder.

Numeraire (NMR) is a cryptocurrency that powers Numerai, a hedge fund that leverages artificial intelligence (AI) and machine learning to make investments in stock markets worldwide. Here’s how it works:

1. Signals: Users upload stock market strategies that support specific stocks or trading styles. These strategies can be based on various technical indicators and are available for other users to monitor and duplicate.

2. Tournaments: Weekly competitions where users submit trading algorithms for the stock markets. Users stake their NMR tokens on their predictions, which are then analyzed and scored based on their accuracy. The scoring and payout period occurs every four weeks, allowing the system to gather more data between payouts for its AI model.

• Users stake their NMR tokens on specific predictions. If the prediction is correct, the user is rewarded with more NMR tokens. If the prediction is incorrect, the staked tokens are lost.
• The more tokens staked, the higher the risk/reward ratio.
• Rewards are automatically disbursed to the user’s wallet at the end of the month, coming from newly minted NMR tokens.

• The Erasure protocol ensures the removal of human intervention from trade execution. It operates as a set of smart contracts on the Ethereum blockchain.
• These contracts automatically execute upon the completion of pre-set protocols.

• Numeraire uses a Proof-of-Stake consensus mechanism to remain valid.
• NMR transactions require 35 network confirmations before they reach finality.

• NMR is an ERC-20 token with a maximum supply of 11 million tokens.
• It is tradable on various cryptocurrency exchanges and can be stored in Ethereum-compatible wallets.

• Users can make predictions on the stock market using AI and machine learning.
• The platform generates quality data for investments by utilizing AI and machine learning.
• Users can trade NMR tokens on any ERC-20 compatible DEX, including Uniswap and SushiSwap.

• Numerai has a strong community of users and developers who contribute to the growth and development of Numeraire.
• The platform has potential for further growth and adoption in the financial sector, offering opportunities for both individual traders and institutional investors to make better predictions and improve their investment strategies.

Numeraire (NMR) has several strengths that contribute to its value and potential:

1. Pioneering Technology: Numeraire is an innovative approach to hedge fund management, leveraging machine learning, blockchain, and crowdsourced predictions. This unique combination sets it apart from traditional hedge funds and makes it more efficient and accurate.

2. Advanced Predictive Capabilities: The platform's use of artificial intelligence and machine learning enables it to create accurate prediction models for stock markets. These models are tested in real-life markets, ensuring their effectiveness.

3. Utility and Staking Mechanism: NMR tokens are used for staking on predictions, which incentivizes users to participate and ensures the accuracy of the models. This mechanism also rewards users with NMR tokens for correct predictions, further enhancing the platform's utility.

4. Limited Supply: The total supply of NMR tokens is capped at 8,888,888, which enhances its scarcity and value proposition. This limited supply also helps prevent inflation and maintains the token's value.

5. Security: The Numeraire network is hosted on the Ethereum blockchain, ensuring a high level of security through the use of smart contracts. The Erasure protocol further ensures that NMR staked on incorrect predictions are destroyed, maintaining the integrity of the incentivization system.

These strengths collectively contribute to Numeraire's value and potential for growth in the cryptocurrency market.

Numeraire (NMR) is associated with several risks, including:

• Volatility Risk: NMR's value can fluctuate significantly due to changes in market conditions, making it a moderate risk investment.
• Liquidity Risk: The market for NMR can be thin, making it difficult to buy or sell large quantities without significantly affecting the price.
• Currency Risk: NMR's value can be affected by the performance of other cryptocurrencies, such as Bitcoin.
• Exchange Risk: Using exchanges to trade NMR can expose users to risks such as hacking and loss of funds.
• Short History Risk: NMR has a relatively short history, making it difficult to predict its long-term performance.
• Demand Risk: The success of NMR depends on its adoption by users, and a lack of demand can negatively impact its value.
• Forking Risk: Changes to the underlying blockchain technology can lead to forks, which can impact NMR's value and functionality.
• Code Defects: NMR's code can contain defects that can be exploited, leading to security breaches and other threats.
• Regulatory Risk: Changes in laws and regulations can affect the use, transfer, exchange, or value of NMR.
• Electronic Trading Risk: Technical issues with trading platforms can impact NMR's value and usability.
• Cyber Security Risk: NMR is susceptible to hacking and other cyber security threats, which can result in losses for users.

These risks highlight the importance of thorough research and risk assessment before investing in NMR.

• Richard Craib: Founder of Numerai, the company behind Numeraire. Craib is a visionary in combining AI with hedge fund management and has a background from prestigious institutions like the University of Cape Town and Cornell University.