NMR
$9.21
Numeraire (NMR) Price
$9.21
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Numeraire (NMR) Price Today
The live price of NMR is 9.21 USD. In the past 24 hours, the trading volume of NMR was 5,377,652.63 USD, up by 1.95%. The current price has decreased by -0.71% from its 7-day high of 9.28 USD, and increased by 5.18% from its 7-day low of 8.76 USD. With a circulating supply of 10,635,470.01 Numeraire, the market cap of NMR is currently 65,139,549.00 USD, down by 0% in the last 24 hours. NMR currently ranks #- by market capitalization among cryptocurrencies.
Numeraire (NMR) Market Data
Market Cap
$64.5M
24h Volume
$5.3M
Circulating Supply
7M NMR
Maximum Supply
11M NMR
Fully Diluted Market Cap
$97.5M
Liquidity Indicator
8.33%
About Numeraire (NMR)
How can I buy Numeraire (NMR)?
Buying Numeraire (NMR) on BingX is simple and secure. Create an account, deposit USDT or another supported asset, and purchase Numeraire (NMR) directly in the Spot Market. The tokens will then appear in your BingX Spot Wallet, ready for trading or transfer at anytime. Discover How to Buy NMR Guide for more information.
What Is Numeraire (NMR) and How Does It Work?
Numeraire (NMR) is the native cryptocurrency of Numerai, a decentralized hedge fund that crowdsources stock market predictions from data scientists worldwide. Built on the Ethereum blockchain as an ERC-20 token, NMR plays a central role in aligning incentives between contributors and the fund’s real-world performance. Instead of relying on traditional financial analysts, Numerai uses encrypted datasets and machine learning models submitted by its global community.
Numeraire works through weekly prediction tournaments where participants build AI models to forecast stock market trends. Data scientists stake NMR tokens on their models to signal confidence, accurate predictions earn rewards in NMR, while poor performance results in a portion of staked tokens being burned. This unique staking-and-burn mechanism ensures only high-quality models contribute to the hedge fund, creating a “proof-of-intelligence” system that directly links token value to predictive performance.
The platform also extends beyond tournaments with products like Numerai Signals, allowing users to submit external trading signals and earn rewards. By combining blockchain technology, artificial intelligence, and financial markets, Numeraire creates a decentralized ecosystem where incentives are aligned, data remains private, and contributors are rewarded based on measurable results.
When Did Numeraire Launch?
Numeraire (NMR) is closely tied to the history of Numerai, which was founded in October 2015 by Richard Craib as a crowdsourced, AI-driven hedge fund based in San Francisco. The platform officially launched in December 2015 as a data science competition, and later introduced the NMR token in 2017 on the Ethereum mainnet without a traditional ICO, distributing tokens to early data scientists as rewards.
Numerai and Numeraire (NMR): Key Milestones and Roadmap
- 2015 – Numerai founded; initial hedge fund concept and data science tournament launched
- 2017 – Numeraire (NMR) token introduced; staking model implemented
- 2019 – Token supply adjusted, max capped at 11 million NMR
- 2020–2023 – Expansion of Numerai Signals and meta-model improvements
- 2024–2026 – Growth in institutional adoption, staking activity, and ecosystem tools, e.g., Signals, data APIs, model scoring upgrades
What Is the NMR Token Utility?
The Numeraire (NMR) token is the core utility asset within the Numerai ecosystem, designed to align incentives between data scientists and hedge fund performance. Its primary use case is staking - participants lock NMR on their machine learning models in Numerai tournaments to signal confidence in their predictions. If their models perform well, they earn rewards in NMR; if not, a portion of their staked tokens is burned, creating a strong performance-driven mechanism.
Beyond staking, NMR supports additional functions such as rewarding contributors in Numerai Signals, incentivizing high-quality data science models, and maintaining a deflationary supply through token burns. This “proof-of-intelligence” system ensures that only accurate and reliable models influence the fund, directly linking the token’s utility to real-world financial outcomes.
On the BingX spot market, you can trade NMR by creating an account, completing KYC verification, and depositing funds such as USDT. Simply search for the NMR/USDT trading pair, place a market or limit order, and execute your trade with real-time pricing and deep liquidity on the platform.
What Is Numeraire Tokenomics?
Numeraire (NMR) has a fixed maximum supply of 11 million tokens, with around 7–8 million NMR in circulation as of April 2026, making it relatively scarce compared to many other crypto assets. The token was distributed directly to data scientists and early participants without a traditional ICO, and it follows a non-inflationary model, meaning no new tokens are minted over time. This capped supply structure supports long-term scarcity and aligns with its utility-driven design.
Within the Numerai ecosystem, NMR uses a staking-and-burn mechanism that introduces deflationary pressure. Data scientists stake NMR on their AI models to signal confidence; accurate predictions earn rewards, while incorrect ones lead to partial token burns, permanently reducing supply. This system ensures that only high-performing models influence the hedge fund, directly linking token value to predictive accuracy and real-world performance.
How to Earn NMR Tokens on Numerai Protocol
You can earn Numeraire (NMR) by participating in the Numerai ecosystem as a data scientist or signal provider. The platform rewards contributors who build accurate models that help predict stock market movements, using a performance-based incentive system.
1. Participate in Numerai Tournaments: You can earn NMR by building machine learning models using Numerai’s encrypted datasets and submitting predictions in weekly tournaments. By staking NMR on your model, you signal confidence. If your predictions perform well against the benchmark, you receive rewards in NMR proportional to your model’s accuracy.
2. Stake NMR on Your Models: Staking is central to earning. You lock NMR on your submitted model, and your rewards depend on performance metrics like correlation and consistency. Poor-performing models result in partial token burns, while strong models generate yield, creating a high-risk, high-reward system.
3. Contribute via Numerai Signals: Numerai Signals allows you to submit external trading signals, e.g., based on your own datasets or strategies. If your signals improve the fund’s meta-model performance, you can earn NMR rewards without directly participating in the main tournament.
4. Improve Model Performance Over Time: Consistent performance matters. The more reliable your model is across multiple rounds, the higher your potential earnings. Top data scientists often refine strategies, optimize features, and adjust staking levels to maximize long-term rewards.
5. Trade NMR on Exchanges: In addition to earning through participation, you can also acquire NMR by trading it on crypto exchanges like BingX. This allows you to build your stake and participate more actively in Numerai’s reward system.
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Disclaimer:
Price analysis and valuation are influenced by multiple factors, and theoretical projections do not guarantee that a token will reach a specific price level. The information provided is for informational purposes only and does not constitute investment advice. Investors should conduct their own research before making any financial decisions.
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