A bit more about Numerai
Recently Binance ( currently the largest Cryptocurrency Exchange ) added the Numerai Token to its US based exchange. I’ve been involved with the project for a few years now ( see disclaimers ) and if you are into Data Science, and/or Hedge Funds you might already know about them, but what if you just heard and are curious ? I’ll try my best to give you a not so impartial look in layman terms.
Disclaimers : I have been a participant in the Numerai tournaments for a few years and hold/earn NMR, I also worked for them doing UI/UX for a couple of months way back, I've been critical in the past and some days I love them and some others not so much, but overall I want this type of project to succeed (see last section)...Also this post is not sponsored, opinions my own, not investment advice, yada yada. What is it ?
In order to understand the Numerai project you need to understand a few concepts, the first one being a hedge fund which in few words is an investment fund with a specific investment strategy, in the case of Numerai this profile/strategy is something called Market Neutral which basically means they want to do well ( or not as bad ) as the overall market is doing when it goes up and down, something that is notoriously difficult to do…
