Project Overview
1. Data Science Competition:
Numerai regularly releases encrypted financial data, which data scientists can use to build predictive models. Participants submit their model results and are rewarded based on the performance of the model.
2. Erasure:
Numerai uses a mechanism called "Erasure" that allows data scientists to pledge their own tokens when submitting models. If the model performs well, participants can get higher rewards; otherwise, they may lose the pledged tokens.
3. Encryption and Confidentiality:
Numerai's data is encrypted, which means that data scientists cannot see the original data, which can protect sensitive financial information while maintaining fair competition.
4. Decentralization and Community Driven:
Numerai hopes to attract more data scientists to participate in a decentralized way and build an open prediction market.
5. Token Economy:
Numerai has launched its own cryptocurrency "NMR", which participants can use to pledge, earn rewards, or trade on exchanges.
Project About
In the ocean of data, are you eager to combine your predictive ability with the world's top quantitative trading community? Welcome to Numerai - a unique hedge fund that connects data scientists with financial markets. By participating in our competitive competitions, you can not only demonstrate your machine learning skills, but also compete with thousands of masters around the world. Change the future of finance together!Project FAQ's
Numerai is a platform that uses crowdsourced models to predict financial markets. Users can submit their machine learning models to predict stock market performance and train them using anonymized data.