Numeraire (NMR) Tokenomics, Unlock Schedule and Vesting Chart

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Numeraire (NMR) Token Unlock & Vesting Schedule

As of October 17, 2026, 8 million of the 11 million NMR (72.73%) have been released. The schedule is ongoing, with no final release date.

The chart shows gross modeled releases of every allocation: vesting unlocks, new issuance and reserve distributions, each allocation counted once. These have different meanings; a scheduled release is not evidence that tokens entered circulation or were sold. Review the coverage, sources and assumptions below.

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 and distribution

NMR has a maximum supply of 11 million tokens. In 2019, Numerai reduced the cap from its original 21 million and ended further minting. Existing tokens move among participants, exchanges, and Numerai’s treasury, while confirmed burns reduce total supply. Numerai publishes token data that separates the maximum supply, current total supply, and tokens held in its treasury. (blog.numer.ai)

Tournament payouts come from existing NMR rather than newly minted tokens. Numerai has also purchased NMR to replenish the treasury used for contributor rewards. This creates a clear link between the token and the ongoing tournament: participants use NMR to stake, and Numerai needs NMR to fund payouts. (blog.numer.ai)

A burn removes tokens from use. In atomic staking, a burn recorded for a round may first be handled within the claim-and-restake process, so a scored loss and a confirmed reduction in token supply need not occur at the same moment. Holding NMR provides tournament utility and the ability to transfer the token. It carries no equity, dividend, voting, or claim on Numerai’s hedge fund profits. (docs.numer.ai)

Assumptions

Numerai says all 11 million NMR existed by July 2019 and that no more can be minted; burns have since reduced total supply. Its initial data-scientist distribution, a three-million-NMR lock lasting until 2028, treasury-funded rewards, airdrops and named community funding are distinct uses of those existing tokens. The chart can show the documented supply checkpoint and quantified distributions, but the earlier minting history and much future treasury spending lack verified token-by-token dates. The July 2019 checkpoint is a supply baseline, not a claim that every token was minted that day.

Historical NMR minting and 2019 supply reset: The sources give the amount but no release dates.
Numerai treasury: tournament rewards and development: Releases depend on future governance or treasury decisions.
Three-million-NMR treasury lock until 2028: New issuance depends on network activity, such as staking, so it cannot be dated in advance.
Student and Kaggle-user airdrops: The sources give the amount but no release dates.
Erasure developer grants announced in 2019: Releases depend on recipients claiming tokens or on grants being awarded.

Sources (11)

Max Supply 11.00M

Unlocked Supply 8.00M

Unlock Progress 72.73%

Genesis Date Jun 20, 2017

Fully Unlocked Ongoing

Allocations 9

Marketcap Rank (#) 321

Price ($) 11.81 -9.71% (7d)

24h Volume ($) 764K -72.22% (7d)

Marketcap ($) 83M

Fully Diluted Value ($) 130M

Circulating Supply 65% MEDIUM

Perpetuals: 3 markets on Binance, OKX and Lighter · $6.3M open interest

Spot

Perp


NMR/USDT	807K	49K/86K
NMR/USD	681K	74K/179K
NMR/TRY	190K	25K/23K
NMR/USDT	136K	25K/30K
NMR/USDT	79K	81K/118K
NMR/USDT	71K	48K/48K
NMR/USDT	69K	24K/23K
NMR/USDT	50K	34K/52K
NMR/USD	31K	7.4K/69K
NMR/EUR	10K	4.6K/22K
NMR/ETH	6.1K	1.7K/6.5K
NMR/USDC	5.2K	1.5K/3.9K
NMR/EUR	3.5K	511/507
NMR/WETH	653	297/296
NMR/WETH	179	197/196
NMR/ETH	115	388/1.5K

Allocations

Historical NMR minting and 2019 supply reset TBD

11,000,000 tokens · 3 parts

Parts of this allocation with their own release dates are charted as their own allocations; the chart shows the rest here.

Not yet scheduled: 3,000,000 tokens of its parts have no release date yet. The chart shows them as TBD from today, not as unlocked.

Timing not yet established (Jun 20, 2017 - Jul 7, 2019): amount unknown

Cliff: Jul 8, 2019 — 100.00% of allocation · 11,000,000 tokens

Sources: Numeraire: A Cryptographic Token for Coordinating Machine Intelligence and Preventing OverfittingNumerai’s New Token SupplyNMR token dataNMR 2.0 is now live!

Last Updated: 2026-09-30 17:32:57 UTC

Description

#321

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