Numeraire Price

Numeraire (NMR) is an Ethereum-based cryptocurrency token that powers the Numerai platform, a decentralized hedge fund focused on machine learning and data science. Ranked #578 with a current price of $8.49, NMR serves as the incentive mechanism for data scientists who build prediction models on the platform. The token is used for staking when submitting predictions, with rewards distributed to successful contributors and penalties for poor performance. As of 2025-07-24, NMR has a market cap of $68M with 8M NMR in circulation out of a maximum supply of 11M NMR. The token incorporates AI and big data applications within the DeFi ecosystem, making it unique among cryptocurrencies. NMR has shown -6.04% price movement in the last 24 hours with a trading volume of $4.07M.

Numeraire was created on June 23, 2017, when it was launched on the Ethereum blockchain as an ERC-20 token. The project was developed by Numerai, a hedge fund that uses artificial intelligence to process data from thousands of anonymous data scientists. Numeraire was designed to incentivize data scientists to build accurate prediction models for financial markets and stake tokens on their confidence in these predictions.

Numeraire was founded by Richard Craib in 2015. Craib has a background in mathematics and economics from Cornell University and previously worked as a data scientist at an asset management company. He created Numeraire as the native token for Numerai, a hedge fund built on blockchain technology that uses artificial intelligence to process financial data. The token operates on the Ethereum blockchain as an ERC-20 token and serves as the incentive mechanism for data scientists who contribute to the platform's prediction models.

Numeraire (NMR) is an ERC-20 token that operates on the Ethereum blockchain. It functions as the native cryptocurrency for the Numerai platform, which is a hedge fund that uses artificial intelligence for stock market predictions. The core mechanism of NMR involves data scientists staking their tokens on machine learning models that predict stock market movements. When these predictions are accurate, participants are rewarded with additional NMR tokens. Conversely, if predictions are incorrect, staked tokens may be burned. This token economy creates a powerful incentive system where: - Data scientists stake NMR on their predictions - Accurate predictions earn rewards - Poor predictions result in token loss - The collective intelligence improves Numerai's hedge fund performance With a current price of $8.49 and a market cap of $68M, NMR has a maximum supply of 11M NMR tokens. The token's utility extends beyond rewards, as it's also used for governance within the Numerai ecosystem.

Numeraire operates on the Ethereum blockchain as an ERC-20 token, leveraging Ethereum's security and smart contract functionality. The technical architecture of NMR is designed specifically for the Numerai platform's prediction market ecosystem. Key technical components include: 1. Staking mechanism: Data scientists stake NMR tokens on their machine learning models, with rewards or penalties based on prediction accuracy. 2. Smart contracts: These govern token distribution, staking rules, and tournament payouts automatically. 3. Burn mechanism: A portion of NMR tokens are permanently removed from circulation when models perform poorly, creating deflationary pressure. 4. Tournament infrastructure: The backend system processes thousands of predictions weekly, evaluating model performance against financial market outcomes. 5. Erasure Protocol: This cryptographic framework ensures data scientists are accountable for their predictions through immutable records. With a maximum supply of 11M NMR tokens and 8M NMR currently in circulation, NMR's architecture balances security, incentive alignment, and scalability for its AI-driven prediction marketplace.

Numeraire has a promising future with several key developments on its roadmap. As a cryptocurrency powering the Numerai hedge fund's prediction market platform, NMR is focused on expanding its AI and machine learning capabilities through 2025-2026. The roadmap includes enhancing the staking mechanism, improving data scientist rewards, and expanding cross-chain functionality. By 2027, Numeraire plans to introduce more sophisticated prediction markets and integrate with additional DeFi protocols. With its current price at $8.49 and market cap of $68M, NMR aims to reach approximately $15 by 2030 as adoption increases. The maximum supply is capped at 11M NMR, creating potential scarcity value as the platform grows. The team is also developing new governance features to give token holders more influence over the platform's direction, positioning Numeraire as a leading asset in the AI-powered prediction market space.