Numeraire NMR
Prediction-model incentives.
Numeraire is a token used in Numerai’s prediction tournaments. Participants can put NMR at risk on their models’ performance.
What is Numeraire?
Numerai combines predictions submitted by data scientists. Participants may stake NMR on model submissions, with payouts or burns determined by the tournament’s scoring rules. This is different from staking to validate a blockchain.
Staked NMR can be burned if model performance is poor. Scores, payout rules, platform operations, and token-price changes can all affect outcomes.
Why people pay attention
Model predictions
Data scientists submit predictions to tournaments.
Performance incentives
NMR stakes can gain or lose tokens under scoring rules.
Separate roles
Holding NMR is not the same as investing in Numerai’s hedge fund.
Origins & development
Numerai deployed the Numeraire smart contract on Ethereum in June 2017. Its model-staking system links token outcomes to prediction performance.
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