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RE: Ex-Google (Deepmind) & Apple Software Engineers, Chaos Theory Physicist and Funding by UVC - Everything you need to know about Numeraire (Fact-Sheet)
So is it correct to think of NMR as form of payment given to the data scientists? It's quite difficult to determine the value of NMR partly because it's hard to see what exact purpose it serves.
I believe the value of NMR is simply contingent upon its demand by those wishing to stake it for a sum of the prize pool. One would assume that the more money Numerai generates and, as a result, the greater the prize pool, the greater the demand for the NMR token. Nonetheless, I've read that they would rather the NMR token be in the hands of users. This might be (at least partially) the reason as to why they did not do an ICO.