As the SEC clamps downs on ICOs, one hedge fund is trying to decentralize its token
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Quick Take
- Numerai is an AI-run hedge fund that crowdsources investment data to make trades
- The company recently launched an information marketplace called Erasure allowing users to buy and sell investment data using Numerai’s native token, Numeraire
- Numerai’s CEO, Richard Craib, announced the company will remove its ability to create new tokens, in an effort to decentralize its network
AI-run hedge fund Numerai is driving forward plans to decentralize its cryptocurrency. Since 2015, Numerai has crowdsourced investment data on which an artificial intelligence makes trades. The company sources trading investment tips, models, stock predictions, and trading algorithms from contributors and data scientists using its platform. Numerai then builds financial models that incorporate these sources — executing trades […]
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