How does the Numerai tournament work?

Data scientists download obfuscated stock market data, train ML models, and stake NMR on their predictions weekly. Correct predictions earn NMR rewards; incorrect predictions burn the staked NMR.

Can I swap NMR without KYC?

Yes. SyntheticSwap supports NMR swaps with no registration or identity verification.

What makes NMR deflationary?

NMR has a maximum supply of 11M tokens, and the staking mechanism permanently burns NMR whenever a data scientist's model underperforms, steadily reducing circulating supply.

Do I need to be a professional to participate in Numerai?

No. Numerai provides educational resources for beginners. Many participants have backgrounds in statistics, ML, or finance, but the platform is open to anyone who can build predictive models.

Can I earn NMR without submitting models?

Not directly through Numerai's core tournament. NMR can be acquired through exchanges and held as an investment based on the hedge fund's performance and token scarcity.

Home/Supported Coins/Numeraire

Numeraire

Staking Token for the World's First Hedge Fund Data Tournament

Launch Year

2017

Consensus

Proof of Stake

Max Supply

11,000,000 NMR

Block Time

~12 seconds

NMR

Numeraire

Price—

24h Change—

Market Cap—

Volume (24h)—

Circulating Supply—

Swap NMR Now

No KYC or registration
Non-custodial — your keys, your crypto
1000+ supported exchange pairs
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Numeraire Price Chart

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About Numeraire

Numeraire (NMR) is the staking token for Numerai, a crypto-powered hedge fund that crowdsources predictive AI/ML models from thousands of data scientists worldwide. Data scientists download encrypted stock market data, build prediction models, and stake NMR on their predictions. Correct predictions earn NMR; incorrect ones result in stake burns (slashing). This creates a self-curating market where only the best models survive long-term. Numerai aggregates all models into a 'meta-model' that trades billions in equity positions. NMR has a very limited supply of 11M and unique tokenomics where active use means tokens are burned when models underperform.

History

2015

Numerai founded by Richard Craib; concept of crowdsourced AI predictions for hedge fund management published.

2017

NMR token launches on Ethereum via airdrop to existing Numerai data scientists; becomes first AI token.

2019

Erasure Protocol launches, generalizing Numerai's stake-and-predict mechanism to any data type.

2020

Numerai Signals launches, allowing data scientists to submit signals from any data source, not just Numerai data.

2022

Numerai raises $20M Series B; manages billions in AUM through crowdsourced AI tournament.

2024

Numerai tournament continues with thousands of active data scientists; NMR supply steadily decreases via burns.

How to Swap NMR

Swapping Numeraire (NMR) on SyntheticSwap is quick and requires no account or KYC. Since NMR is an ERC-20 token on Ethereum, any Ethereum-compatible wallet works — MetaMask, Trust Wallet, Rainbow, or Ledger Live. Open SyntheticSwap, select NMR as your source or destination asset, enter your receiving wallet address, and review the floating exchange rate. Once you send NMR to the deposit address provided, the destination asset is delivered directly to your wallet. The process is fully non-custodial — SyntheticSwap never holds your tokens at any point.

How to Store NMR

NMR (ERC-20) is stored in MetaMask, Ledger, Trust Wallet, or any Ethereum wallet. For participating in the Numerai tournament and staking NMR on your ML models, visit numer.ai and connect your Ethereum wallet.

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