-
Bitcoin
$84,398.9646
0.76% -
Ethereum
$1,869.1926
-0.36% -
Tether USDt
$0.9998
-0.04% -
XRP
$2.1086
-0.70% -
BNB
$604.6731
-1.42% -
Solana
$124.7454
-3.24% -
USDC
$0.9998
-0.06% -
Dogecoin
$0.1697
-1.97% -
Cardano
$0.6711
-0.95% -
TRON
$0.2356
0.32% -
Toncoin
$4.0118
-2.80% -
Chainlink
$13.4245
-3.82% -
UNUS SED LEO
$9.3691
1.70% -
Stellar
$0.2659
-1.31% -
Avalanche
$19.0943
-1.86% -
Sui
$2.3597
-0.41% -
Shiba Inu
$0.0...01227
-4.71% -
Hedera
$0.1651
-1.72% -
Polkadot
$4.0774
-2.53% -
Litecoin
$81.8132
-3.83% -
MANTRA
$6.2052
-1.64% -
Bitcoin Cash
$303.6704
-2.64% -
Bitget Token
$4.5807
-1.88% -
Dai
$1.0001
0.00% -
Ethena USDe
$0.9997
-0.02% -
Pi
$0.6743
-6.00% -
Hyperliquid
$13.2193
-4.35% -
Monero
$214.6905
-1.51% -
Uniswap
$6.0882
-1.58% -
Aptos
$5.2686
-1.87%
What is NMR coin? What is NMR coin
NMR coin, the backbone of the Numerai network, serves as a decentralized currency for data scientists to stake, govern, and participate in predictive modeling.
Oct 01, 2024 at 07:24 pm

What is NMR Coin?
NMR (Numeraire) is a decentralized, open-source cryptocurrency that plays a central role in the Numerai network, a blockchain-based hedge fund that leverages the power of machine learning. Here's a breakdown of what NMR coin is:
- Foundation of the Numerai Network: NMR is the native token of the Numerai network, which is a collective of data scientists and machine learning enthusiasts who collaborate to build and refine predictive models for financial markets.
- Stake for Dividends: Holders of NMR tokens can stake them within the Numerai network to receive dividends in the form of Bitcoin (BTC) from the profits of the hedge fund.
- Data Governance:NMR token holders participate in the governance of the Numerai network. They can vote on proposals that affect the platform's operations, such as changes to the staking rewards system or model selection.
- Participation in Tournaments: Data scientists who want to contribute to the Numerai network use NMR tokens to enter prediction tournaments. The top-performing models receive rewards in NMR tokens.
- Extension of Abilities: NMR tokens can be used to extend the capabilities of theNumerai network, such as creating custom tournaments or accessing advanced data sets.
- Access to the Numerai Marketplace: Holders of NMR tokens can exchange models, datasets, and other resources on the Numerai Marketplace.
- Community and Collaboration: NMR coin fosters a sense of community and collaboration among the Numerai network participants. It incentivizes contributions to the platform and facilitates knowledge sharing.
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.
- Ethereum (ETH) Price Prediction: Whale Activity and Market Sentiment Amid Volatility
- 2025-04-02 15:35:12
- The Best VPNs for 2025: Our Top 3 Picks
- 2025-04-02 15:35:12
- The cryptocurrency market shows restrained activity as the United States prepares to issue new tariffs announcements.
- 2025-04-02 15:30:12
- Top Stablecoin Issuer Circle Officially Files for IPO
- 2025-04-02 15:30:12
- Stablecoin giant Circle (USDC) is gearing up for its Initial Public Offering (IPO)
- 2025-04-02 15:25:12
- Dogecoin (DOGE) Stretched Toward Resistance Levels as Bitcoin (BTC) Extends Its Bullish Momentum
- 2025-04-02 15:25:12
Related knowledge

How to buy GROK coin for beginners? The most complete step-by-step guide in 2025
Apr 02,2025 at 03:55pm
In the world of cryptocurrencies, GROK coins have attracted the attention of many novice investors due to their unique background and potential. If you are also interested in buying GROK coins, here is a comprehensive guide to buying steps for 2025.1. Understand GROK CoinsBefore you step into the buying process, it is crucial to have a deep understandin...

Where can I buy GROK coins? Which exchanges have launched them?
Apr 02,2025 at 10:17am
As a digital currency that has gradually emerged in the cryptocurrency market, GROK coins have unique value and application scenarios. It is built on specific blockchain technology and aims to provide users with functions such as decentralized finance (DeFi) services and convenient cross-border payments. Its total issuance volume, consensus mechanism an...

Is GROK coin related to Musk’s Grok AI?
Apr 01,2025 at 05:52pm
At a time when cryptocurrencies and artificial intelligence are developing rapidly, new concepts and products are emerging one after another, which is dazzling. The similarity between GROK coins and Musk's Grok AI inevitably arouses the public's curiosity. Is there any connection between them? Next, we will explore this issue in depth.The birth ...

What is Grok Coin? Why is it suddenly surged?
Apr 01,2025 at 05:42pm
GROK Coin is a cryptocurrency based on blockchain technology, usually classified as 'meme coin'. Its name is inspired by the AI model 'Grok' launched by the xAI company owned by Elon Musk. Although GROK coin has no official connection with Musk or xAI, it has attracted attention in the cryptocurrency community with the popularity of the name Grok and Mu...

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...

How to buy GROK coin for beginners? The most complete step-by-step guide in 2025
Apr 02,2025 at 03:55pm
In the world of cryptocurrencies, GROK coins have attracted the attention of many novice investors due to their unique background and potential. If you are also interested in buying GROK coins, here is a comprehensive guide to buying steps for 2025.1. Understand GROK CoinsBefore you step into the buying process, it is crucial to have a deep understandin...

Where can I buy GROK coins? Which exchanges have launched them?
Apr 02,2025 at 10:17am
As a digital currency that has gradually emerged in the cryptocurrency market, GROK coins have unique value and application scenarios. It is built on specific blockchain technology and aims to provide users with functions such as decentralized finance (DeFi) services and convenient cross-border payments. Its total issuance volume, consensus mechanism an...

Is GROK coin related to Musk’s Grok AI?
Apr 01,2025 at 05:52pm
At a time when cryptocurrencies and artificial intelligence are developing rapidly, new concepts and products are emerging one after another, which is dazzling. The similarity between GROK coins and Musk's Grok AI inevitably arouses the public's curiosity. Is there any connection between them? Next, we will explore this issue in depth.The birth ...

What is Grok Coin? Why is it suddenly surged?
Apr 01,2025 at 05:42pm
GROK Coin is a cryptocurrency based on blockchain technology, usually classified as 'meme coin'. Its name is inspired by the AI model 'Grok' launched by the xAI company owned by Elon Musk. Although GROK coin has no official connection with Musk or xAI, it has attracted attention in the cryptocurrency community with the popularity of the name Grok and Mu...

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...
See all articles
