It is important to note that the opportunity to stake your signal is not an offer by Numerai to participate in an investment contract, a security, a swap based on the return of any financial assets, an interest in Numerai’s hedge fund, or in Numerai itself or any fees we earn. Payouts will be made at our discretion, based on a blackbox target that will not be disclosed to users. Fundamentally, Numerai Signals is a service offered by Numerai that allows users to assess the value of their signals, using NMR staking as a way to validate “real” signals. In return, Numerai uses the staked signals and related data in the Numerai hedge fund. Users with different expectations should not stake signals.