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What is the issue volume of NMR coins? One article to introduce the application scenarios of NMR coins

NMR's total circulation of 1 billion coins facilitates its utility for various applications within the Numerai ecosystem, including transactions, incentives, governance, data access, and model training.

Oct 17, 2024 at 01:00 am

What is the total circulation of NMR coins?

NMR coins have a total circulation of 1 billion.

Application scenarios of NMR coins

NMR coins are mainly used in the following scenarios:

Transaction payment: NMR coins can be used as a medium of exchange for various goods and services within the Numerai ecosystem.
Stake incentives: NMR coin holders can stake their coins to earn rewards and support the security of the Numerai network.
Governance: NMR coin holders have the right to vote on proposals to change the Numerai protocol.
Data access: NMR coins can be used to purchase access to Numerai's data science platform.
Model training: NMR coins can be used to train and deploy machine learning models on the Numerai platform.

Conclusion

NMR coins are a versatile cryptocurrency with a wide range of applications within the Numerai ecosystem. They are used for transaction payments, stake incentives, governance, data access, and model training.

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