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  • Tokens

    • Numeraire (NMR)

    11/11/2025 04:00 UTC

    $11.33

    % Today
    0.03%

    Unlock Schedule

    Numeraire (NMR) Token Unlock & Vesting Schedule

    The unlock chart above provides a clear visual overview of the Numeraire (NMR) token release schedule, showing when and how tokens enter circulation across investor, team, treasury, and community allocations. Understanding these tokenomics dynamics is critical for evaluating potential supply pressure, inflation impact, and market liquidity over time — key factors that can influence NMR price performance.

    Each color segment in the chart corresponds to a specific allocation group described in the Allocations section below. Underlying assumptions and data models used to reconstruct this schedule are explained in detail under Assumptions, while broader utility insights and token use cases are covered in Tokenomics & Utility.

    Tokenomics & Utility

    Supply, burns, and contract design

    • Fixed maximum supply: 11,000,000 NMR.
    • No further minting: all tokens that will ever exist are already created; future supply changes only through burns.
    • Burns reduce total supply when staked predictions underperform.
      These rules were locked in with the NMR 2.0 upgrade in July 2019. (blog.numer.ai)

    Distribution approach

    At launch, Numerai did not run a public token sale. Instead, the team allocated about 1 million NMR to active data scientists to encourage immediate, utility‑driven use. Various communications from the project have also described long‑term reward allocations to keep tournaments well‑funded. The emphasis has been on rewarding useful modeling work rather than raising capital through an ICO. (wired.com)

    Core utilities

    • Staking on models and signals to express confidence and earn payouts.
    • Internal reward currency paid to contributors whose work improves Numerai’s meta model.
    • Medium of account within Erasure‑style agreements, where burns act as a deterrent to low‑quality or dishonest behavior. (docs.numer.ai)

    Assumptions

    • Total supply modeled at the fixed cap of 11,000,000 NMR set by the NMR 2.0 upgrade; subsequent burns reduce circulating and total supply over time but percent_total is calculated off the cap for comparability.

      Official upgrade announcement states minting disabled and max supply fixed at 11M; burns continue via staking/Erasure mechanisms.

    • Additional June 2017 distribution modeled as 200,000 NMR.

      Founder post says 'over 1.2 million' were sent at deployment; we used 200,000 as the minimum incremental beyond the 1,000,000 initial airdrop.

    • 3,800,000 NMR distributed as Ecosystem Rewards/Grants through 2025-07-17.

      Derived: 11,000,000 cap minus ~3,000,000 remaining treasury (as of 2025-07-17) minus 3,000,000 locked until 2028 minus 1,200,000 initial+additional distributions ≈ 3,800,000.

    • Future release of the unlocked treasury modeled linearly from 2025-07-17 to 2030-07-17.

      No official emission cadence published; a neutral straight-line assumption enables monthly charting while reflecting stated intent to continue funding rewards.

    • Locked 3,000,000 NMR cliff date set to 2028-06-01 for modeling.

      On-chain resolve is in 2028 but exact day not stated in text sources; mid-year placeholder used for monthly granularity. On-chain links provided for verification.

    • No PoW/PoS/block subsidy issuance for NMR.

      NMR is an ERC-20 utility token; issuance was initially via airdrops and treasury-funded rewards. NMR 2.0 removed minting entirely.

    Allocations

    Initial Airdrop to Data Scientists (Feb 2017)
    9.09%
    Percentage of total token supply
    95%
    How certain we are about this information
    1,000,000 tokens
    Cliff: Feb 20, 2017 — NaN% of allocation
    Initial issuance of 1,000,000 NMR distributed for free to ~12,000 Numerai data scientists based on past tournament performance; no ICO.
    Additional Airdrop/Distribution at Contract Deployment (Jun 2017)
    1.82%
    Percentage of total token supply
    60%
    How certain we are about this information
    200,000 tokens
    Cliff: Jun 21, 2017 — NaN% of allocation
    On token contract deployment, Numerai reported sending 'over 1.2 million' NMR to ~19,000 data scientists. Modeled here as an additional 200,000 NMR beyond the initial 1,000,000; actual number may be slightly higher.
    Ecosystem Rewards and Grants (Treasury Payouts to Tournament/Signals/Bounties)
    34.55%
    Percentage of total token supply
    70%
    How certain we are about this information
    3,800,000 tokens
    Linear vesting: Feb 20, 2017 - Jul 17, 2025 (monthly)
    Aggregate of NMR distributed from Numerai treasury as staking rewards (Numerai Tournament and Signals) and grants/bounties. Pre–NMR 2.0 (before 2019-07-08), the legacy token allowed weekly minting that funded rewards; after NMR 2.0, minting was disabled and payouts have been made from treasury. Notable policy change: weekly NMR payouts increased from ~1500 to 2000 NMR on 2017-10-12; after 2019, payouts sized via staking formulas while drawing from fixed-supply treasury.
    Treasury (Unlocked balance available for future rewards)
    27.27%
    Percentage of total token supply
    75%
    How certain we are about this information
    3,000,000 tokens
    Linear vesting: Jul 17, 2025 - Jul 17, 2030 (monthly)
    Approx. 3,000,000 NMR remained in Numerai's treasury as of 2025-07-17 and will be used to support staking rewards going forward. No official vesting cadence was published; modeled as straight-line usage over 5 years for charting purposes.
    Treasury (Locked until 2028 via on-chain stake)
    27.27%
    Percentage of total token supply
    90%
    How certain we are about this information
    3,000,000 tokens
    Cliff: Jun 1, 2028 — NaN% of allocation
    3,000,000 NMR locked by staking into a dummy round (tournament 0, round 5) with an on-chain resolve date in 2028; inaccessible to Numerai until resolution. Cliff date set to 2028-06-01 as a mid-year placeholder; exact resolve day is on-chain.
    Last Updated: 10/27/2025 12:47 UTC

    Description

    #515

    Numeraire is the native cryptocurrency of Numerai, a hedge fund that utilizes a global network of data scientists to make stock market predictions. The token incentivizes the creation of machine learning models on Numerai's platform, with rewards given for the most accurate predictions.

    Sector: AI & Compute
    Blockchain: Ethereum
    2017
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