Numeraire (ticker $NMR

NMR

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) is a cryptocurrency built on Ethereum as an ERC-20 token that serves as the native utility token for the Numerai ecosystem, a decentralized and AI-driven hedge fund platform.

Core Purpose & Functionality

Staking Mechanism: Data scientists stake NMR on their machine learning models in weekly prediction tournaments. Accurate models earn rewards in NMR, and poor performance results in a portion of staked tokens being burned, creating potential deflationary pressure.

CoinMarketCap

Meta Model: Aggregated, staked predictions form a collective Meta Model that Numerai uses in its investment strategies.

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