Numeraire (NMR)
A Platform for Crowdsourcing Intelligence and Data Marketplaces.- Numeraire is the creator of Erasure, a live protocol on the Ethereum blockchain that allows the staking and burning of NMR tokens, the native token of the Erasure Protocol.
- Erasure's current use cases include the following:
- Numerai Tournament: A hedge fund that trades equities based on an aggregation of thousands of predictions made by a global network of competing data scientists.
- Numerai Signals: An ongoing tournament to gather Russell 3000 stock predictions.
- Erasure Bay: An information exchange marketplace where any type of information can be traded, including valuation models, product feedback, and more.
- The NMR token can be used as payment for data, tournament payouts, staking, and is also burnt as a way to punish bad actors on applications built on the Erasure Protocol.