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.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Fear & Greed Index

Trade Now

Biggest Gainers

HT

$0.5093

3445391.06%

Trade Now
TOSHI

$0.0...05028

50.26%

Trade Now
FAI

$0.0182

33.40%

Trade Now
0x0

$0.0819

27.25%

Trade Now
STMX

$0.0044

23.90%

Trade Now
PI

$1.7561

23.89%

Trade Now

Latest Crypto News

Rexas Finance (RXS) Skyrockets in Its Presale, Raising $46,567,603 of Its $56,000,000 Goal
2025-03-13 09:10:51
Mutuum Finance (MUTM) Selected as One of the Top 3 Altcoins to Watch by a Popular Reddit Group
2025-03-13 09:10:51
Mutuum Finance (MUTM): A DeFi Powerhouse in the Making
2025-03-13 09:10:51
Bitcoin (BTC) as a network continues to lock in more value in DeFi projects. Over $8B in coins have been distributed to Bitcoin's native DeFi protocols.
2025-03-13 09:10:51
FloppyPepe (FPPE) Presale Ignites: AI Meme Coin At An Unbeatable Price
2025-03-13 08:50:51
Donald Trump's crypto investment firm, World Liberty Financial (WLFI), is experiencing major losses as the market continues to decline.
2025-03-13 08:50:51

Related knowledge

What is the investment prospect of Virtuals Protocol (VIRTUAL) coin?

Dec 03,2024 at 09:02am

What is the Investment Prospect of Virtuals Protocol (VIRTUAL) Coin?Understanding Virtuals Protocol (VIRTUAL) CoinDefinition: Virtuals Protocol (VIRTUAL) is a decentralized blockchain platform that aims to provide a seamless and secure platform for decentralized applications (dApps). It utilizes a native cryptocurrency,VIRTUAL, which fuels the protocol'...

Does Virtuals Protocol (VIRTUAL) coin have 10,000 times potential?

Dec 04,2024 at 12:22pm

Does Virtuals Protocol (VIRTUAL) Coin Have 10,000 Times Potential?The cryptocurrency market is a rapidly evolving landscape, with new projects emerging all the time. One such project is Virtuals Protocol (VIRTUAL), a decentralized virtual reality platform. The VIRTUAL coin is the native token of the Virtuals Protocol ecosystem, and it is used to power a...

Does Virtuals Protocol (VIRTUAL) coin have a thousand-fold potential?

Dec 05,2024 at 02:05pm

Does Virtuals Protocol (VIRTUAL) Coin Have a Thousand-Fold Potential?Virtuals Protocol (VIRTUAL) is a blockchain-based platform that aims to revolutionize the way virtual worlds are created and experienced. The platform provides a suite of tools and services that allow developers to create, publish, and monetize their virtual worlds.Given the growing po...

Does Virtuals Protocol (VIRTUAL) coin have a hundredfold potential?

Dec 03,2024 at 08:48pm

Does Virtuals Protocol (VIRTUAL) Coin Have a Hundredfold Potential?Virtuals Protocol (VIRTUAL) is a blockchain-based platform that enables the creation and management of virtual worlds. The VIRTUAL coin is the native cryptocurrency of the Virtuals Protocol and is used to pay for transaction fees, purchase virtual assets, and stake for rewards.Factors to...

What is the historical highest price of Virtuals Protocol (VIRTUAL) currency?

Dec 05,2024 at 05:10pm

What is the Historical Highest Price of Virtuals Protocol (VIRTUAL) Currency?Understanding the Historical Price Movements of VIRTUALThe Virtuals Protocol (VIRTUAL) is a decentralized ecosystem that enables the development and deployment of virtual goods and services. Its native cryptocurrency, VIRTUAL, serves as the medium of exchange and utility token ...

What wallet is good for Virtuals Protocol (VIRTUAL) currency?

Dec 03,2024 at 11:09am

What Wallet is Good for Virtuals Protocol (VIRTUAL) Currency?Virtual Protocol (VIRTUAL) is a blockchain-based protocol that enables the creation and management of virtual assets. VIRTUAL tokens are used to power the Virtual Protocol ecosystem and can be used to pay for goods and services, participate in governance, and reward contributors.Several wallet...