Numeraire (NMR): tokenomics, risks and score
The staking token of a hedge fund that crowdsources trading models from data scientists, who stake NMR on their predictions and are paid or slashed based on accuracy.
What Numeraire is, and what it does
This is an AI or compute network. It coordinates machine learning work, hardware or data across many independent participants instead of one company's data centre.
What the NMR token itself does: Fees are used to buy and destroy the token, so usage of the protocol permanently reduces the supply.
Where it runs: Ethereum. Mechanism: Staking token for a crowdsourced hedge fund. It has been running since 2017, so roughly 9 years.
The facts
- TICKER
- NMR
- SECTOR
- AI and compute
- CHAIN
- Ethereum
- LAUNCHED
- 2017, so around 9 years of operating history
- MECHANISM
- Staking token for a crowdsourced hedge fund
- MAXIMUM SUPPLY
- 11 million
- VALUE CAPTURE
- Buyback burn
- UPGRADE CONTROL
- Team controlled
- VESTING
- Complete
- LIQUIDITY BAND
- Micro cap. Thin, often a single venue or pool. Treat the quoted price as indicative only.
How the score breaks down
Each dimension is explained on the directory page, and the reasoning behind it is taught in the Academy research process.
Supply and value capture
A capped supply with issuance still running down toward that cap. Fees are used to buy and destroy supply, so usage reduces the number of tokens outstanding.
The founding team retains control over upgrades or parameters. Ownership is moderately concentrated. A handful of large holders could move the market.
Where it is strong and where it is not
- Has operated for around 9 years and through at least one full bear market
- Supply is capped, so holders are not diluted indefinitely
- The token captures real protocol revenue rather than relying on speculation alone
- Audited, with published reports
- Upgrade control sits with a small group, so the rules can change
- Thin liquidity. Check order book depth before assuming you can exit
Incident history
No major exploit, collapse or regulatory action on record against this asset.
Our read
The main risk
A small, highly specialised participant base, and its value depends on one hedge fund's continued operation.
Before you buy anything
Check the contract address against the project's own documentation rather than a search result or a screener link, since impersonation tokens with identical names and logos are listed constantly. Check the order book depth before assuming you can exit at the quoted price. And write down what would make you wrong before you buy, not after. The Academy thesis module covers why that single habit protects more capital than any indicator.