Numeraire price of $7.75 is down -9.85% in the last 24 hours and down -17.94% in the last 7 days. Price is down -71.00% from ATH of $26.723 from Dec 6, 2024, and down 59.18% from 52-week high of $18.984. Short-term trend is Strong Down while Medium-term trend is Strong Down and Long-term trend is Up. Near-term momentum is Bearish based on MACD Signal Line crossover and Bearish based on RSI-14 center line crossover (RSI < 50). Price is Very Oversold currently, based on RSI-14 levels (RSI < 25). Price is also below the Lower Bollinger Band, indicating recent increased price volatility.
Numeraire (NMR) is an Ethereum (ERC-20) token issued by Numerai, a crowdsourced hedge fund and data-science platform based in San Francisco.
Data scientists submit predictive models against obfuscated financial data, and top performers are rewarded in NMR. Numerai aggregates submissions into a "meta-model" used to inform live trading of the fund's own capital. The token was deployed on Ethereum mainnet on 2017-06-20.
NMR's differentiation lies in its staking mechanism: contributors stake NMR against their predictions, with stakes burned for poor performance and rewarded for accuracy, aligning incentives without a traditional trading-fee model.
Via the Erasure protocol, this staking-secured-prediction design extends beyond Numerai's own tournaments to third-party platforms. Numerai has also run an open-market buyback program, repurchasing $3.2 million of NMR through three rounds by 2026-07-17.
NMR functions as a utility and staking token rather than a governance token. Holders stake it against the accuracy of predictions submitted to Numerai's tournaments and, via the Erasure protocol, other staking-secured claims.
NMR has a fixed maximum supply of 11,000,000 tokens, a cap enforced by a 2019 contract upgrade that made the token permanently non-upgradeable. The upgrade also removed Numerai's ability to mint further NMR above the cap.
Net emission is deflationary: buybacks permanently remove NMR from supply, and no new tokens can be minted above the 11 million cap.
Numerai announced NMR in February 2017, and the token launched on Ethereum mainnet on 2017-06-20, several years after Numerai itself was founded in October 2015.
There was no initial coin offering; instead, 1,000,000 NMR was distributed directly to roughly 12,000 data scientists based on their historical performance in past Numerai tournaments. In 2019, Numerai raised $11 million via a token sale to launch the Erasure protocol, generalizing NMR staking to third-party platforms.
Numeraire (NMR) is deployed on Ethereum as an ERC-20 token, secured by Ethereum's proof-of-stake consensus mechanism.
Numerai does not operate its own blockchain, validator set, or Layer-1 network; NMR relies entirely on Ethereum's base-layer consensus and settlement for transfers and staking transactions.
NMR is not anonymous: Numerai was founded by Richard Craib, a South African technologist, in October 2015.
Craib holds a degree from the University of Cape Town (2008) and additional academic experience at Cornell University and UC Berkeley; he has been recognized as a Forbes "30 Under 30" honoree.
Numerai Inc., a San Francisco-based company, issues and maintains NMR as the token underlying its crowdsourced hedge fund and capital-allocation platform.
The company aggregates predictive models submitted by data scientists worldwide into a "meta-model" used to trade its own capital. Following its Series C funding round in November 2025, Numerai Inc. expanded its San Francisco headquarters and opened a new office in New York City.
Numerai Inc. is a conventional venture-backed private company, not a DAO; product, funding, and treasury decisions rest with the company rather than with NMR holders.
NMR's on-chain role is functional rather than political: it is used for staking against prediction submissions, with stakes burned or rewarded based on performance, rather than for voting on protocol changes.
Numerai's most recent equity milestone was a $30 million Series C raise at a $500 million valuation, announced 2025-11-20. The round was led by university endowments with participation from Union Square Ventures, Shine Capital, and Paul Tudor Jones.
NMR's smart contract has undergone three named audits: two by New Alchemy (2017, 2018) and one by Trail of Bits (2019). The 2019 Trail of Bits audit made the contract non-upgradeable and capped supply at 11,000,000 tokens.