Experience a seamless and secure way to purchase Numeraire (NMR) tokens with Clapp. Numeraire is an Ethereum-based token that powers Numerai, a San Francisco-based hedge fund that crowdsources artificial intelligence to invest in the stock market. Data scientists can stake NMR tokens on their predictions in Numerai's weekly tournaments, earning rewards for accurate forecasts.
Launched in 2017 by Numerai, Numeraire (NMR) is an ERC-20 token designed to incentivize data scientists to develop effective trading models.
Numerai hosts weekly tournaments where participants submit predictive models and stake NMR tokens on their performance.
Successful models earn rewards, while unsuccessful ones may result in the staked tokens being burned.
This system encourages the creation of accurate and innovative models, contributing to Numerai's overarching goal of optimizing stock market investments through collective intelligence.
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