#1 Some of my favorite ERC20 tokens: Proof of Intelligence Cryptocurrency Numeraire

Numeraire is an ERC20 Ethereum token. As all other Ethereum tokens Numeraire is a smart contract executed on the Ethereum blockchain.

1,000,000 Numeraire were issued and distributed among 12,000 data scientists based on their performance in the Numerai tournaments. There was no crowdsale. A fixed number of Numeraire are minted each week and this will continue until the maximum of 21,000,000 is reached. All the minted Numeraire are sent to Numerai.

Data scientists earn Numeraire by performing well on the Numerai's machine learning competition. By staking Numeraire at the tournaments data scientists express confidence in their models. If they do well in the tournament they get to keep their stakes and also earn additional cryptocurrency rewards. If the prediction models don't do well in the tournament their Numeraire gets destroyed and they don't get paid.

The value of the Numeraire token grows as the hedge fund becomes more successful and the payouts in the tournament increase. Everyone involved has the incentive to build the best models possible. The better the collaboration performs the bigger the payouts. The more Numeraire the data scientists stake with a combination of a successful prediction the more money they earn.

I believe that Numerai will be successful because instead of relying on the intelligence of a small team or a single person the company utilizes artificial intelligence and data sets encrypted with neural cryptography (https://en.wikipedia.org/wiki/Neural_cryptography) to crowdsource stock market prediction models built by a collaboration of 12,000 data scientists.

Recently Numeraire started trading on a few cryptocurrency exchanges: Bittrex, CryptoDerivatives, EtherDelta. Now it is definitely a good time to grab some and add to your portfolio.