[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  CryptoJournaal [@CryptoJournaal](/creator/twitter/CryptoJournaal) on x 18.5K followers Created: 2025-05-30 10:07:55 UTC #Numeraire ( $NMR ) - #Explainer [ #Update - May 2025 ] 💡 What is Numeraire ( $NMR )? Numeraire ( $NMR ) is an ERC-20 token that operates on the Ethereum blockchain and is the native cryptocurrency of Numerai, a hedge fund based in San Francisco that crowdsources artificial intelligence (AI) to make investments in global stock markets. The platform hosts weekly data tournaments where data scientists submit machine learning models to predict market movements. The $NMR token plays a central role in this ecosystem, serving as a staking mechanism that allows data scientists to demonstrate their confidence in their predictions. Successful predictions are rewarded, while failed predictions result in the burning of staked tokens. #CryptoEcosystem ⚙️ How does Numeraire work? Numeraire combines blockchain technology and artificial intelligence with a competitive tournament system: 🔸Numerai Tournament: Data scientists receive encrypted financial datasets weekly and build machine learning models to predict market movements. They submit their predictions with a stake of $NMR to show their confidence. After a test period of a few weeks, the models are evaluated and rewarded or burned, depending on their performance. 🔸Meta-Model: The submitted models are combined into a "meta-model" that uses the best predictions for trading. Successful participants receive additional $NMR, while failed models result in the loss of staked tokens. 🔸Erasure Protocol: Since 2019, Numeraire has introduced the Erasure protocol, a decentralized marketplace for predictions, giving $NMR broader use beyond Numerai’s own tournaments. #BlockchainInnovation 🪙 The role of $NMR The $NMR token has several key functions within the Numeraire ecosystem: 🔸Staking: Data scientists use $NMR to stake their predictions, showing their confidence in the accuracy of their models. 🔸Reward: The $NMR token is used to reward successful predictions, and data scientists receive extra $NMR for high-performing models. 🔸Token Burns: Weekly $NMR tokens are burned due to failed stakes, reducing the circulating supply and potentially increasing the value of the remaining tokens. #Tokenomics 🛠️ Key Features: 🔸Open-source: Numeraire is open-source, meaning anyone can contribute to the ecosystem or use it to build their own projects. 🔸Decentralization: Data scientists from around the world collaborate to make market predictions, contributing to the decentralization of financial markets. 🔸Incentives: The staking mechanism creates strong economic incentives for submitting original and accurate predictions, improving the platform’s quality. #BlockchainProgress 📜 History and Development: 🔸Foundation and Launch: Numeraire was founded in October 2015 by Richard Craib, and the first $NMR token was launched in June 2017. Since then, the platform has become a pioneer in combining AI, blockchain, and hedge fund strategies. 🔸Expansion: In 2019, the ecosystem expanded with the introduction of the Erasure protocol, extending the use of $NMR beyond Numerai’s own tournaments. #CryptoHistory 💸 Tokenomics 🔸Total Supply: The maximum supply of $NMR is XX million tokens. No new tokens are minted, and the supply can only decrease through token burns. 🔸Market Capitalization: The market capitalization of $NMR varies between $XX and $XX million USD (April 2025), depending on the market price. #MarketAnalysis ✅ Advantages of Numeraire: 🔸Innovative Concept: Numeraire combines artificial intelligence, blockchain, and crowdsourcing in a unique way, making it stand out from other financial systems. 🔸Incentive Structure: The staking and burn mechanism encourages the submission of high-quality models, enhancing the platform’s quality. 🔸Deflationary Model: By regularly burning tokens, the scarcity of $NMR may increase, potentially supporting the token’s value in the long term. #DeFiApplications ⚠️ Disadvantages and Challenges: 🔸Volatility: The price of $NMR is volatile and has seen a significant drop since its peak, presenting risks for investors. 🔸Limited Utility: Outside the Numerai ecosystem and the Erasure protocol, $NMR has few direct applications, which could limit broader adoption. 🔸Dependence on Numerai: The value of $NMR is heavily dependent on the success of the Numerai hedge fund and participation in the tournaments. #CryptoChallenges 🛠️ Applications and Adoption: Numeraire has proven itself as a pioneer in AI-driven market funds. The application of the Erasure protocol opens new possibilities for broader adoption of $NMR. 🔸Market Predictions: The predictions submitted by data scientists may change the way financial markets function in the future. #DeFiAdoption 📊 Price and Market Performance: The price of $NMR has seen significant fluctuations, with an all-time high of $XXXXXX in May 2021 and a low point of $XXXX in December 2022. The current price is around $8-$9 (April 2025). #MarketVolatility 🔮 Future Outlook: The future of $NMR depends on the growth of the Numerai ecosystem, the success of the tournaments, and the expansion of the Erasure protocol to broader markets. 🔸AI and Web3: As the AI and Web3 sectors continue to grow, Numeraire could benefit from increased demand for AI-driven market predictions. 🔸Tokenomics: The deflationary nature of $NMR, combined with the expanded use of the Erasure protocol, may support the value of $NMR in the long term. #DeFiFuture 🎯 Conclusion: Numeraire ( $NMR ) is a unique altcoin that combines artificial intelligence, blockchain technology, and financial markets. It offers data scientists opportunities to earn from their predictions and provides investors with a speculative chance on a deflationary token. While it carries risks due to volatility and limited utility, its innovative approach makes it a project to watch. #CryptoConclusion 🛒 Want to buy $NMR? $NMR is easy to buy on #Bitvavo: ✅ Over XXX #Altcoins available ✅ Up to €100,000 #AccountGuarantee ✅ Registered with De Nederlandsche Bank (#DNB) ✅ Sign up via the link below and trade up to €10,000 completely #Free! 🔗 #CryptoJournaal #AltcoinPedia #Bitcoin #Crypto #Exchange 📚 Useful Resources and Extra Information: Want to dive deeper into the world of #Numeraire or looking for the latest updates and developments? These links will help you stay up to date: 🔹GitHub: 🔹Official Website: 🔹Reddit: 🔹X (Twitter): @numerai #CryptoResources #StayInformed ⚠️ Important Note: 🔹 This post is for educational purposes only and is not financial advice! 🔹 Only invest what you are willing to lose: #Crypto-investments can be volatile, and you may lose part or all of your investment. 🔹 Always do your own research (#DYOR): Do thorough research on #crypto-assets, platforms, and wallets before investing. 🔹 Understand the risks of volatility: The value of #cryptocurrencies can change quickly, so be prepared for price fluctuations. 🔹 Keep your private keys secure: Losing your private keys can lead to loss of access to your crypto assets. 🔹 Use trustworthy platforms: Make sure you trade crypto through reliable and regulated exchanges or wallets that meet necessary security standards. #CryptoRules #CryptoSafety #CryptoRisks #Dyor  XXX engagements  **Related Topics** [artificial](/topic/artificial) [hedge fund](/topic/hedge-fund) [cryptocurrency](/topic/cryptocurrency) [blockchain](/topic/blockchain) [token](/topic/token) [$nmr](/topic/$nmr) [numeraire](/topic/numeraire) [coins defi](/topic/coins-defi) [Post Link](https://x.com/CryptoJournaal/status/1928392923097301152)
[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]
CryptoJournaal @CryptoJournaal on x 18.5K followers
Created: 2025-05-30 10:07:55 UTC
#Numeraire ( $NMR ) - #Explainer
[ #Update - May 2025 ]
💡 What is Numeraire ( $NMR )?
Numeraire ( $NMR ) is an ERC-20 token that operates on the Ethereum blockchain and is the native cryptocurrency of Numerai, a hedge fund based in San Francisco that crowdsources artificial intelligence (AI) to make investments in global stock markets.
The platform hosts weekly data tournaments where data scientists submit machine learning models to predict market movements.
The $NMR token plays a central role in this ecosystem, serving as a staking mechanism that allows data scientists to demonstrate their confidence in their predictions.
Successful predictions are rewarded, while failed predictions result in the burning of staked tokens.
#CryptoEcosystem ⚙️ How does Numeraire work?
Numeraire combines blockchain technology and artificial intelligence with a competitive tournament system:
🔸Numerai Tournament:
Data scientists receive encrypted financial datasets weekly and build machine learning models to predict market movements.
They submit their predictions with a stake of $NMR to show their confidence. After a test period of a few weeks, the models are evaluated and rewarded or burned, depending on their performance.
🔸Meta-Model:
The submitted models are combined into a "meta-model" that uses the best predictions for trading. Successful participants receive additional $NMR, while failed models result in the loss of staked tokens.
🔸Erasure Protocol:
Since 2019, Numeraire has introduced the Erasure protocol, a decentralized marketplace for predictions, giving $NMR broader use beyond Numerai’s own tournaments.
#BlockchainInnovation
🪙 The role of $NMR
The $NMR token has several key functions within the Numeraire ecosystem:
🔸Staking:
Data scientists use $NMR to stake their predictions, showing their confidence in the accuracy of their models.
🔸Reward:
The $NMR token is used to reward successful predictions, and data scientists receive extra $NMR for high-performing models.
🔸Token Burns:
Weekly $NMR tokens are burned due to failed stakes, reducing the circulating supply and potentially increasing the value of the remaining tokens.
#Tokenomics
🛠️ Key Features:
🔸Open-source:
Numeraire is open-source, meaning anyone can contribute to the ecosystem or use it to build their own projects.
🔸Decentralization:
Data scientists from around the world collaborate to make market predictions, contributing to the decentralization of financial markets.
🔸Incentives:
The staking mechanism creates strong economic incentives for submitting original and accurate predictions, improving the platform’s quality.
#BlockchainProgress
📜 History and Development:
🔸Foundation and Launch:
Numeraire was founded in October 2015 by Richard Craib, and the first $NMR token was launched in June 2017. Since then, the platform has become a pioneer in combining AI, blockchain, and hedge fund strategies.
🔸Expansion:
In 2019, the ecosystem expanded with the introduction of the Erasure protocol, extending the use of $NMR beyond Numerai’s own tournaments.
#CryptoHistory
💸 Tokenomics
🔸Total Supply:
The maximum supply of $NMR is XX million tokens. No new tokens are minted, and the supply can only decrease through token burns.
🔸Market Capitalization:
The market capitalization of $NMR varies between $XX and $XX million USD (April 2025), depending on the market price.
#MarketAnalysis
✅ Advantages of Numeraire:
🔸Innovative Concept:
Numeraire combines artificial intelligence, blockchain, and crowdsourcing in a unique way, making it stand out from other financial systems.
🔸Incentive Structure:
The staking and burn mechanism encourages the submission of high-quality models, enhancing the platform’s quality.
🔸Deflationary Model:
By regularly burning tokens, the scarcity of $NMR may increase, potentially supporting the token’s value in the long term.
#DeFiApplications
⚠️ Disadvantages and Challenges:
🔸Volatility:
The price of $NMR is volatile and has seen a significant drop since its peak, presenting risks for investors.
🔸Limited Utility:
Outside the Numerai ecosystem and the Erasure protocol, $NMR has few direct applications, which could limit broader adoption.
🔸Dependence on Numerai:
The value of $NMR is heavily dependent on the success of the Numerai hedge fund and participation in the tournaments.
#CryptoChallenges
🛠️ Applications and Adoption:
Numeraire has proven itself as a pioneer in AI-driven market funds. The application of the Erasure protocol opens new possibilities for broader adoption of $NMR.
🔸Market Predictions:
The predictions submitted by data scientists may change the way financial markets function in the future.
#DeFiAdoption
📊 Price and Market Performance:
The price of $NMR has seen significant fluctuations, with an all-time high of $XXXXXX in May 2021 and a low point of $XXXX in December 2022. The current price is around $8-$9 (April 2025).
#MarketVolatility
🔮 Future Outlook:
The future of $NMR depends on the growth of the Numerai ecosystem, the success of the tournaments, and the expansion of the Erasure protocol to broader markets.
🔸AI and Web3:
As the AI and Web3 sectors continue to grow, Numeraire could benefit from increased demand for AI-driven market predictions.
🔸Tokenomics:
The deflationary nature of $NMR, combined with the expanded use of the Erasure protocol, may support the value of $NMR in the long term.
#DeFiFuture
🎯 Conclusion:
Numeraire ( $NMR ) is a unique altcoin that combines artificial intelligence, blockchain technology, and financial markets.
It offers data scientists opportunities to earn from their predictions and provides investors with a speculative chance on a deflationary token.
While it carries risks due to volatility and limited utility, its innovative approach makes it a project to watch.
#CryptoConclusion
🛒 Want to buy $NMR?
$NMR is easy to buy on #Bitvavo:
✅ Over XXX #Altcoins available
✅ Up to €100,000 #AccountGuarantee
✅ Registered with De Nederlandsche Bank (#DNB)
✅ Sign up via the link below and trade up to €10,000 completely #Free!
🔗
#CryptoJournaal #AltcoinPedia #Bitcoin #Crypto #Exchange
📚 Useful Resources and Extra Information:
Want to dive deeper into the world of #Numeraire or looking for the latest updates and developments?
These links will help you stay up to date:
🔹GitHub:
🔹Official Website:
🔹Reddit:
🔹X (Twitter): @numerai
#CryptoResources #StayInformed
⚠️ Important Note:
🔹 This post is for educational purposes only and is not financial advice!
🔹 Only invest what you are willing to lose:
#Crypto-investments can be volatile, and you may lose part or all of your investment.
🔹 Always do your own research (#DYOR):
Do thorough research on #crypto-assets, platforms, and wallets before investing.
🔹 Understand the risks of volatility:
The value of #cryptocurrencies can change quickly, so be prepared for price fluctuations.
🔹 Keep your private keys secure:
Losing your private keys can lead to loss of access to your crypto assets.
🔹 Use trustworthy platforms:
Make sure you trade crypto through reliable and regulated exchanges or wallets that meet necessary security standards.
#CryptoRules #CryptoSafety #CryptoRisks #Dyor
XXX engagements
Related Topics artificial hedge fund cryptocurrency blockchain token $nmr numeraire coins defi