Numeraire

– It allows users to earn NMR tokens in exchange for uploading the stock market predictions.

– It aims for everyone’s access to financial products.

– It is an ERC-20 token of Ethereum.

– It has a market capitalization of more than $4 billion.

– It has a maximum supply of 11 million Numeraire coins.

Numerai was founded in 2015, and it claims to be the first hedge fund to launch a cryptocurrency.

It started with a vision to bring data science to a decentralized platform like blockchain, where people develop better machine learning models. It has better security levels that don’t compromise on the data and incentivizes scientists for making financial models. The users can stake their cryptocurrency and earn rewards on the platform through the predictions made by scientists.

– It rewards scientists every week with Bitcoin if they win the model.

– NMR tokens are burnt on a regular basis that could possibly lead to inflation in prices.

– It is the first cryptocurrency that has been released by a hedge fund.

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