This looks brilliant.
This is a hedge fund that trades based on the best models (algorithms) submitted by users. Users stake NMR tokens and get paid based on their stake and performance of their model. The best models get rewarded for performance by getting paid in NMR during a specific time period called an era. If the performance is poor, tokens get burned from the stake.
The benefit is that talented data scientists can come up with trading strategies and get paid for their work.
Numeraire has some big backers like Union Square Ventures, the co-founder of Renaissance and the co-founder of Coinbase. Big plus.
The chart looks pretty good right now. The recent low of this token is around $8 and price is currently around $14. So anything in the range between the all-time low around $2 and $10 appears to be very good value.
I wasn't able to find details on the tokenomics, but it appears that the "burned" tokens go back into the pool to pay profitable models. So the value of the token appears to be primarily tied to how many data scientists participate. I feel that participation will increase from here.
Performance of the fund is good so far. Show Less
2
