Numeraire

Numeraire (NMR) is the token of Numerai, a data science tournament. Participants stake NMR on their market predictions; weak predictions get it burned.

Numerai runs a data science tournament. Participants receive obfuscated financial data, build machine learning models and submit predictions. Numerai combines the staked predictions into one Meta Model, and its hedge fund trades that model in global stock markets.

NMR is an ERC-20 token on Ethereum created by Numerai in 2017. A participant can stake NMR on a model. If the predictions score well, the participant receives more NMR from Numerai. If they score badly, part or all of the stake for that round is burned. Burned tokens are destroyed and do not go to Numerai. Staking is optional, and stakes are locked until the round is scored.

NMR gives no ownership, vote, dividend or share of the fund's profit. The maximum supply is 11 million NMR, and about 10.6 million existed on 7 October 2026. Numerai held approximately 3.1 million NMR in its treasury in July 2026 and has repurchased $3.2 million of NMR on the market since July 2025 to keep funding payouts.