What is Numberaire? Numeraire is a blockchain project built on the Ethereum Blockchain that offers its users the ability to perform data science-based cryptographic operations. In this article, you can find answers to frequently asked questions such as what is Numeraire, what it offers, what is NMR coin, how to get it, what is it used for. As Kriptokoin.com, we have compiled it for our readers who are curious about the subject.
What is Numeraire?
Numeraire is a platform built on the Ethereum Blockchain, working as a hedge fund. The native cryptocurrency of the platform is NMR coin. The platform enables data scientists and software developers to use and build machine learning models. Machine learning is creating a self-learning algorithm through databases. Users can develop investment strategies through machine learning. The project aims to decentralize the field of data science.
Established in late 2015, the project operates as a hedge fund. But unlike traditional hedge funds, Numeraire enters the stock market by relying on data and forecasts from its users. All data and software created by users are encrypted and securely protected. Users can predict future market movements by leveraging technologies such as machine learning and artificial intelligence through the platform.
In addition, the project organizes various knowledge tournaments from time to time. Participants ranking in tournaments are rewarded with token rewards. In addition, investors who add value to the platform are also rewarded. Developers with more than 100 models tested each week earn Bitcoin rewards.
What is NMR coin? What is it used for?
NMR coin is a token of the Numeraire project that works as the native cryptocurrency. The token was created with the ERC-20 smart contract on Ethereum. The maximum supply of the token is capped at 11 million units. The highly confidential and secure token can be used as a source of liquidity in decentralized finance (DeFi) transactions. In addition, the token has various use cases within the platform.
NMR coin holders can encrypt and download the datasets they create to their own computers. In addition, token holders can benefit from technologies such as artificial intelligence and machine learning offered by the platform. Users can use these technologies to predict the future of the market. NMR coin holders can participate in quizzes organized by the platform and win additional token rewards. The token has a Proof-of-Stake consensus mechanism. NMR holders can earn passive income by staking their assets.
How to get NMR coin?
NMR coin currently; It is listed by crypto exchanges such as Binance, Coinbase, Kucoin, and DigiFinex. Investors interested in the Numeraire project must first become a member of one of these exchanges. Users can then purchase the token by depositing funds into their wallets.
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