Numerai (NMR)

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Numerai has been made to utilize a network of computers to do deep learning on the stock market to predict and track the moments of the stock market.

Our Joke Name

Numerai = Non competitive hedge fund for prediction of stocks.

Basic Intro

Link to the main website

Link to price/market cap

Exchange Ticker (NMR)

Coin or Token

Circulating Supply (1,292,802)

Total Supply (2,296,157)

Block time (under 60 seconds)

Market Cap Ranking

Review

Hmmm, I am still trying to figure out what they do. A part of me thinks this coin might just be a joke. Looks like they are using your money and mining equipment to collect data for everyone to use on the stock market, but the thing is, if everyone has the data the data is worthless. If there system points to something about to go up in value, everyone will know this straight away and will be a null point.

Maybe I am just too stupid to see what they are trying to achieve, but they don’t bait me. It might slightly change the way stocks are traded. Maybe.

Company Message

(Numerai.ai)The stock market is inefficient with respect to new developments in machine learning — only a fraction of the world’s data scientists have access to its data. Numerai is changing this.

(WIKI) Numerai is an AI-run, crowd-sourced hedge fund based in San Francisco. It was created by South African technologist Richard Craib in October 2015. Numerai’s trades are determined by an AI, which is fueled by a network of thousands of anonymous data scientists. Numerai’s investment group was led by Howard Morgan of Renaissance Technologies, and its investors include Naval Ravikan.

Pros

  • Has AI in the name
  • Open for everyone
  • Nothing wrong with data

Cons

  • Seems like a joke
  • Billion dollar stock indicator
  • Meh