Numeraire Price

What sets Numeraire (NMR) apart from many other tokens:

• It was created by a hedge fund (Numerai) and is tightly integrated with a live data‑science tournament — not just a generic utility or governance token.
• NMR is awarded to data scientists whose models perform well in Numerai’s weekly competition, directly tying token rewards to model accuracy and platform participation.
• Supply design and distribution features are unique: the maximum supply was cut to 11,000,000 (down from an earlier cap), 3,000,000 tokens were locked until 2028, and 1,000,000 tokens were distributed to highly active users instead of using an ICO.
• NMR stakes and incentive mechanics are enforced on a schedule: losing models can forfeit (burn) staked tokens on a weekly basis, aligning economic incentives with model performance.

(Details from the project page on CoinMarketCap: https://coinmarketcap.com/currencies/numeraire/.)

Key utilities of Numeraire (NMR) as described by the project:

• Incentivising participation: NMR is awarded to data scientists whose machine‑learning models perform well in Numerai’s tournament, creating a reward mechanism that encourages better predictions.
• Staking and penalties: Participants stake NMR on their models; poorly performing submissions can lose their stake (tokens are burned weekly), which enforces accountability and raises the cost of low‑quality predictions.
• Feeding the hedge fund: Submitted models and the performance signals they produce are used by Numerai to inform the fund’s stock‑trading strategies — NMR therefore links model creation and economic value capture.
• Token standard and security: NMR is an ERC‑20 token operating on Ethereum and, per the project description, is secured under Ethereum’s proof‑of‑stake (PoS) consensus mechanism.

Numeraire (NMR) is an ERC-20 token on the Ethereum network and is secured by Ethereum’s proof-of-stake (PoS) consensus mechanism. According to the project documentation, validators and block creators are selected based on the amount of NMR tokens they are staking.

Richard Craib founded Numerai and serves as its CEO; the project was launched in San Francisco with the aim of decentralizing data science by letting developers and data scientists compete to build better machine learning prediction models. The platform’s token, Numeraire (NMR), was created to reward data scientists whose models perform well in Numerai’s tournament and to align participants with the fund’s machine‑learning driven investment strategy.

Numerai was founded in late 2015 in San Francisco, and the project describes itself as the first hedge fund to launch a cryptocurrency on the market — indicating the Numeraire (NMR) token dates from the platform’s launch period (late 2015). The token did not have an ICO; instead Numerai distributed tokens directly to active users and later adjusted supply mechanics (including a supply cap change and locked/rewarded tokens announced in 2018).

You use Numeraire (NMR) primarily within the Numerai ecosystem: participants stake NMR to back their machine‑learning models in the weekly Numerai tournament, earn NMR rewards when models perform well, and risk losing (and having burned) staked NMR when models underperform. NMR is an ERC-20 token on Ethereum, so it can also be held in compatible Ethereum wallets and traded on exchanges (Coinbase Pro, Binance, DigiFinex, Bilaxy are listed as venues that have offered the token). For community discussion about staking mechanics and alternative staking ideas, see the Numerai forum thread referenced by project participants (https://forum.numer.ai/t/numeraire-worst-part-of-numerai-time-to-change/6017).

Numeraire can be bought on the SwissBorg app with just a few clicks. Download the app for Android or iOS and exchange cryptos instantly at the best price.

You can buy Numeraire (NMR) on several cryptocurrency exchanges. CoinMarketCap notes that as of February 2021 [Coinbase Pro] had the highest NMR/USD trading volume; other exchanges with notable NMR volume include [Binance], [DigiFinex] and [Bilaxy]. For the latest venues and trading pairs, check the Numeraire markets section on the token’s page above.

Numerai aims to decentralize data science for finance by running a global machine‑learning tournament that sources predictive models from independent data scientists. The platform’s goal is to improve reliability and performance of stock‑price predictions by letting developers compete and submit models whose aggregated signals the Numerai hedge fund uses for trading. The NMR token is used to reward performant models and align incentives between contributors and the fund.

The NMR token is an Ethereum ERC‑20 token created and issued by Numerai (reported as one of the first cryptocurrencies launched by a hedge fund). Key issuance details from Numerai’s history:

• NMR did not launch via an ICO; instead, Numerai distributed 1,000,000 NMR among ~12,000 of its most active platform users.
• The max supply was reduced from an initial 21,000,000 to 11,000,000 NMR.
• Three million NMR are locked until 2028 and earmarked as reward incentives for tournament participants.
• NMR tokens are burned weekly when participants’ staked, underperforming models lose their stake—creating a deflationary mechanism tied to tournament performance.

The token is listed with an Ethereum contract on the project page and operates on the Ethereum network’s consensus model as an ERC‑20 asset.

Numeraire (NMR) is an ERC‑20 token that runs on the Ethereum network, so its transaction speed and on‑chain scalability are determined by Ethereum’s performance. According to the project information, NMR benefits from Ethereum’s move to proof‑of‑stake (PoS), which the page describes as a consensus mechanism that is more scalable than proof‑of‑work because it does not rely on high electrical or computing power. The supporting documentation does not provide a specific transactions‑per‑second (TPS) figure for NMR — only that transaction throughput follows the underlying Ethereum network and that PoS improves scalability.

Yes — relative to proof‑of‑work chains, Numeraire is presented as environmentally friendlier because it is an ERC‑20 token secured by Ethereum’s proof‑of‑stake (PoS) consensus. The documentation states PoS “does not rely on high consumption of electrical or computing power,” which reduces the energy footprint compared with PoW‑based networks.

Numeraire’s long‑term vision is to decentralize data science and turn crowd‑sourced machine learning into a core driver of investment decisions. Numerai’s platform runs a global data‑science tournament where developers compete to produce predictive models; top performers earn the NMR token as rewards. The project aims to use those models’ predictions to inform a hedge fund’s trading strategy — positioning Numerai as one of the first hedge funds to lean heavily on AI and to issue a native cryptocurrency. Mechanisms that support this vision include staking and weekly token burns (losing model stakes are burned), a capped supply (max 11,000,000 NMR after a supply cut), and reserved tokens (three million NMR locked until 2028 to incentivize participants). All of these design choices align incentives between data scientists and the Numerai fund while promoting continual improvement of predictive models.