- Deposits and withdrawals are open for NMR.
- Please note that Binance.US only supports Ethereum (ERC-20) Numeraire (NMR) token deposits and withdrawals. We will be unable to recover tokens sent to the wrong network address.
What is Numeraire (NMR)?
Numeraire is the native token that powers Numerai, an Ethereum-based hedge fund platform that uses artificial intelligence and machine learning to develop advanced prediction models for the stock market.
To improve its prediction model, Numerai regularly hosts tournaments where participants can build and submit machine learning models, or signals, that effectively compete to better predict the stock market. Users can optionally stake NMR on their model to 1) earn additional NMR rewards for signals that perform well, or 2) burn a portion of their staked NMR for signals that underperform.
In October 2020, Numerai introduced Numerai Signals, a system that allows data scientists, quantitative analysts, and financial experts from around the world to upload stock market signals and test their performance against other signals submitted to Numerai. In exchange, participants receive feedback to further improve their signals. They can also optionally stake NMR to earn staking rewards for signals that perform well relative to Numerai’s targets. Signals that underperform will result in a portion of the user’s staked funds being burned.
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