Numeraire (NMR)
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.
- 1. https://blog.numer.ai/a-new-cryptocurrency-for-coordinating-artificial-intelligence-on-numerai/
- 2. https://medium.com/numerai/an-ai-hedge-fund-goes-live-on-ethereum-a80470c6b681
- 3. https://blog.numer.ai/numerais-master-plan/
- 4. https://blog.numer.ai/numerais-new-token-supply/
- 5. https://medium.com/numerai/numerais-new-token-supply-7c34636929c
- 6. https://blog.numer.ai/nmr-2-0-is-now-live/
- 7. https://docs.numer.ai/numerai-tournament/staking
- 8. https://github.com/erasureprotocol/NMR
- 9. https://blog.numer.ai/numerai-kicks-off-strategic-nmr-buyback/
- 10. https://etherscan.io/tx/0x2a7892a5315c5fb46471f7b524b6c1854f1bf6724018447417d1cb0f323f01a4
Allocations
Description
#415
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 |