Numerai - a market forecasting data science tournament, running a resource hedge fund. A long-term vision of the market makes it possible to manage all money in the world. And this can be done, using a decentralized network of autonomous artificial intelligence agents. These models draw information from a network of independent data scientists. The model uses anonymous data to minimize the risk of personal prediction.
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General data on Numerai
Numerai - a hedge fund where trading decisions are made entirely by artificial intelligence. The model has been improved with contributions from the independent community of scientists. They can download data for free and improve existing forecasting models. Custom improvements are submitted to a weekly competition where contributors can earn prizes in USD or in the native Numeraire token. The project does not have a Whitepaper, but you can always familiarize yourself with the information about the platform on the website. In addition, there are social networks on Twitter and Telegram. The site displays a leaderboard. Your rank on the list depends on your reputation. It is calculated by the average of the last rounds, where you take part:
| Top 1 | 5% |
| Top 10 | 4% |
| Top 25 | 3% |
| Top 100 | 2% |
| Top 300 | 0.5% |
The platform does not have its own token, since the resource runs on the collection of relevant information on market forecasting. Numerai's innovative technological approach uses structure-preserving encryption to make financial market data anonymous. This prevents distortions and overfitting. As the structure of change and relationship persists, it still makes machine learning possible.
About Numerai encryption methods
Numerai argues that the stock market is somewhat ineffective in relation to new developments in machine learning. Because only a small subset of machine learning talent has access to their data. Structural-preserving encryption was developed as a way to make expensive datasets available to everyone. And only for the purposes of a machine learning model - without revealing the full raw data. Already in the first month of operation, users downloaded 10,292 sets of predictions - a total of 200,098,002 stock price predictions. This significantly improves the overall forecasting model of the service.
Token promotion and results in dapp
The platform created its own token in June 2017. It is called Numeraire ($ NMR) and is an Ethereum ERC20 token. As of October 2018, the NMR token is available on the following exchanges:
- Bittrex;
- Upbit;
- DDEX.
Earlier in 2016, Numerai was funded by private equity. It has raised a total of $ 7.5 million from Union Square Ventures, Fred Ehrsam and others. This was the beginning of the active promotion of the service. At the moment, the official Twitter account has collected about 15 thousand subscribers. And further, from October 2018, it begins to gain momentum. This new surge in popularity stems from the release of a marketplace, called Erasure in early October 2018.
Data scientists can download the current Numerai dataset, provided from the website, and take part in the weekly competition.