Crypto Gloss

Numeraire (NMR)

Numeraire (NMR) is a cryptocurrency used in Numerai’s data-science tournament ecosystem. Participants can stake NMR on their own prediction submissions. Numerai’s scoring rules can return additional NMR for qualifying results or burn part of a stake when results fall below the applicable thresholds. Staking is optional; it is a risk-bearing mechanism, not a guaranteed source of income.

NMR Market Data

Stat Value
Ticker NMR
Price $12.07
Market Cap $86.52M
24h Change +3.2%
Circulating Supply 7.17M NMR
Max Supply 11.00M NMR
All-Time High $93.15
Contract (Ethereum) 0x1776...6671

via ChangeNow · T&CsCoinGecko snapshot checked 2026-10-17. Price, market cap and 24-hour change may refresh; supply and historical figures are from this snapshot.

Key Features

Feature Description
Asset Numeraire, ticker NMR
Main token network Ethereum ERC-20
Role Optional stake behind prediction submissions
Outcomes Payouts or burns under applicable rules

Tokenomics and Supply

NMR has a reported maximum supply of 11 million. The market table uses CoinGecko’s snapshot and circulating-supply methodology. Numerai publishes a separate treasury-based calculation; definitions and timestamps can produce different figures.

Burning can reduce supply, while tournament accounting and completed settlement are distinct stages. Numerai’s metadata distinguishes economic burn allocations from confirmed supply changes. Burning alone does not guarantee price appreciation or future demand.

History

Numerai’s token service dates the Ethereum contract deployment to 20 June 2017. Current documentation describes newer staking contracts and accounting alongside legacy positions; token deployment and introduction of a staking generation are separate events.

Use Cases and Prediction Staking

NMR is the tournament’s utility and settlement token. A participant may put some NMR at risk to signal confidence in a model submission. The rules for scoring, payouts, and stake loss depend on the tournament and can change, so anyone considering participation should check Numerai’s current documentation and terms rather than rely on an old description.

Numerai says burned NMR is destroyed rather than transferred to the company or another participant. A stake is attached to the participant’s own submission; it is not an investment in somebody else’s model.

Token and Platform

Numeraire is the token; Numerai is the platform and business. Numerai states that NMR gives no equity, voting rights or claim on its funds. Read Numerai for the tournament overview.

Criticisms and Risks

NMR can fluctuate in market price, and a participant can lose some or all of the NMR put at risk under the applicable scoring rules. There are also ordinary crypto risks, including custody mistakes, smart-contract or network issues, liquidity constraints, and changes to the tournament’s terms. A good historical score does not guarantee future performance or a payout. Do not interpret participation or the token as a deposit, a fund share, or a promise of investment returns.

Common Misconceptions

A stake guarantees yield. Outcomes follow prediction scores and the applicable rules; participants can lose NMR.

Every burn statistic measures the same event. Tournament allocations and confirmed token-supply reductions are different measurements.

Social Media Sentiment

In a June 2024 r/quant thread, two replies contrasted enthusiasm for the tournament with token-price concerns. These dated opinions are not representative sentiment or evidence of returns.

Last updated: 2026-10

How to Buy and Hold NMR

Availability varies by service and jurisdiction. Verify the ticker, network and complete contract address against current official references; compare fees and withdrawal support. Exchange custody, a personal wallet and tournament staking are separate operational choices.

Related Terms

See Also

Sources