Numerai is a decentralized hedge fund that crowdsources its quantitative analytics by using its native Numeraire token. Any data scientist can contribute to the fund by applying a predictive data model to a predetermined dataset, which could be anything from crop production rates, to sales numbers, to the price of gold. Data scientists submit their predictions to the platform and compete against each other in weekly tournaments. The accuracy of each model is quantified and ranked without data scientists having to share their actual models. After submitting their predictions, data scientists stake a number of Numeraire proportionate to their confidence level. If a prediction is proven incorrect, the Numeraire staked is retired by the protocol, deflating the total supply of tokens. If a prediction is proven accurate, the data scientist is rewarded with Ether. Numerai uses these predictions for its meta-model, which produces actionable trading ideas. Numeraire token holders do not share in any profits made by Numerai. The fund is led by Richard Craib, a former hedge fund quant featured on the Forbes “30 under 30” list.