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Numeraire is a cryptocurrency used within the Numerai platform, a crowd-sourced hedge fund that leverages machine learning and artificial intelligence to make investment decisions. NMR tokens serve as both a stake in predictions submitted by data scientists and a reward mechanism, where accurate forecasts are compensated with additional tokens while incorrect predictions result in stake loss. What distinguishes Numeraire is its unique approach to decentralized finance by democratizing hedge fund operations, allowing anyone to participate in cryptocurrency-backed predictions without requiring traditional finance credentials or large capital investments.