What is $NMR token (NMR)?

The $NMR token is designed to be scarce as it’s maximum supply was reduced from its initial 21 million to 11 million to reduce dilution. The total supply is now 11 million and will gradually decrease as tokens are burned on Erasure (the marketplace for predictions) and in the Numerai Tournament (the stock model prediction market).

What is Numerai (NMR) cryptocurrency?

The native cryptocurrency of the Numerai data science platform is $NMR and it’s used primarily by data scientists in the following ways: Data scientists stake $NMR on their stock prediction models to prove their confidence in the effectiveness of their data models. Data scientists choose how much $NMR they want to stake on their model.

How does Numerai reward data scientists with $NMR?

Data scientists with successful stock prediction models that make the Numerai hedge fund a profit are rewarded with $NMR payments that are based on a percentage of their $NMR staked.

Can You stake $NMR to earn crypto rewards?

These signals can also be staked with $NMR for a chance to earn $NMR cryptocurrency rewards. However, if you stake $NMR to your signal and it performs badly, your staked $NMR will be burned, removed from circulation forever. As for successful stock market signals with staked $NMR, the rewards you earn are proportional to the stake.