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NMR is the Ethereum (ERC-20) token that powers Numerai, a hedge fund that uses AI to make stock market investments.
Numeraire aims to create new financial models, which compete for bitcoin rewards. As a utility token, NMR is required for staking on outcomes, executing payments, and rewarding tournament participants. NMR holders have the opportunity to stake their tokens weekly on specific predictions with the opportunity of winning more NMR.
While NMR tokens are minted and burned on an ongoing basis, the NMR supply is limited such that only 21 million tokens will ever exist.
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