Numeraire
NMR
Evaluation Score
Overall rating on a scale of 0-10
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AI Analysis
Comprehensive evaluation of the token
Numeraire (NMR) Overall Evaluation
Numeraire is a niche utility token that powers Numerai’s crowdsourced hedge fund model contests. While community engagement and tokenomics are strong, active development transparency and on-chain governance remain limited.
Pros:
- Utility & Alignment: NMR staking for model submissions creates real demand and deflationary pressure.
- Community Strength: Highly engaged data‐science community with active Discord, Twitter, Reddit.
- Security Posture: Simple ERC-20 contract, zero incidents, transparent on-chain flows.
Cons:
- Development Activity: Core token contract unchanged in 5+ years; limited public roadmap tracking.
- Centralized Governance: No on-chain voting; strategic control rests with Numerai leadership.
- Concentration Risk: Whales hold large stakes; platform adoption drives token velocity.
Conclusion: Numeraire offers a unique value proposition in decentralized ML forecasting but carries moderate execution and centralization risks. Its long-term upside depends on continued contest growth and broader adoption of the staking model.
Detailed Analysis by Category
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Numeraire (NMR)
Numeraire (NMR)
Numeraire (NMR) is the native ERC-20 token of the Numerai platform, a decentralized hedge fund leveraging machine learning competitions to forecast global financial markets. Designed for data scientists and traders, NMR enables staking on prediction models and aligns incentives for high-quality forecasts.
Key Features
- Token Name: Numeraire
- Symbol: NMR
- Standard: ERC-20 (Ethereum)
- Use Case: Stake tokens on machine learning predictions to earn rewards and contribute to Numerai’s Meta Model
- Incentives: Encourages data scientists to submit accurate market predictions by locking NMR as collateral
Why Numeraire?
- Decentralized Forecasting: Harnesses a global community of data scientists through encrypted datasets and competitive modeling
- Skin in the Game: Staking mechanism aligns participants’ interests with the platform’s performance
- Transparent & Auditable: Built on Ethereum, all token transactions and stakes are publicly verifiable
Technical Details
- Contract Address: 0x1776e1f26f98b1a5df9c8cf7a4d5d2a0fdbefc67
- Blockchain Explorer: Etherscan
- Total Supply: 11,056,000 NMR
Numeraire (NMR) fosters a novel approach to crowdsourced market prediction by incentivizing accurate forecasts through its ERC-20 staking mechanism.
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