$NMR
The destruction mechanism of NMR tokens is mainly related to the performance of the predictive models submitted by data scientists on the Numerai platform. If a scientist's predictive model performs poorly, the NMR tokens they staked will be destroyed. Specifically, here is some information related to the destruction of NMR tokens:
• Maximum supply of NMR: Initially set at 21 million tokens, but on December 5, 2019, the maximum supply was reduced from 21 million to 11 million.
• Current supply of NMR: According to the latest data, the current supply of NMR is 10,717,797.00 NMR.
• Circulating supply of NMR: The circulating supply of NMR is 5,888,503.00 NMR.
• Destruction of NMR: NMR tokens are burned weekly because participants who risk using failed models and predictions will lose their stakes in the competition.
To calculate the specific amount of NMR tokens that have been destroyed, we can use the initial maximum supply minus the current supply:
\[\text{Number of destroyed NMR tokens}=\text{Initial maximum supply}-\text{Current supply}\]
\[\text{Number of destroyed NMR tokens}=21,000,000-10,717,797\]
\[\text{Number of destroyed NMR tokens}=10,282,203\]
So, according to the calculation above, approximately 10,282,203 NMR tokens have been destroyed.