The below Numeraire price chart tracks the price of Numeraire against AUD over time. The rate shown is indicative only as actual buy / sell rates depend on market liquidity and fees at the time of quotation.
✓Artificial intelligence algorithms
Brought to you by the hedge fund company Numerai, Numeraire reigns the title as the World’s First Cryptocurrency issued by a hedge fund.
The project revolves around rewarding users to create/produce predictive financial models through the use of machine learning and artificial intelligence to apply to real world financial markets. Numerai allows users/scientists to access their encrypted data to utilise in their modelling process, ensuring that data security is paramount.
Through weekly tournaments, Individuals who produce proficient predictions/models are incentivized through monetary and crypto provisions. NMR is used by participants as a “stake” when providing their predictions to Numeraire. Consequently, the reward to users factors in the amount of NMR staked and the validity of their models - which is also paid out via NMR.
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