How to get NMR coins? This article teaches you how to get NMR coins

Obtaining Numerai (NMR) coins involves purchasing them on exchanges, earning them through tournament participation, staking the cryptocurrency on the Numerai network, or becoming a Numerai Ambassador to receive rewards for promoting the platform.

Oct 05, 2024 at 03:12 pm

How to Get NMR Coins

NMR is the native coin of the Numerai protocol, a decentralized platform for predictive modeling. NMR coins can be used to:

• Stake on the Numerai network to earn rewards
• Access premium features on the Numerai platform
• Pay for services on the Numerai network

There are several ways to get NMR coins:

1. Buy NMR on a cryptocurrency exchange

NMR is available for purchase on several cryptocurrency exchanges, including:

• Binance
• Coinbase Pro
• Kraken
• OKEx
• Huobi

To buy NMR on an exchange, you will need to:

• Create an account on the exchange
• Deposit funds into your account
• Place a buy order for NMR

2. Earn NMR as a Numerai tournament participant

Numerai hosts regular tournaments in which participants compete to create predictive models. Tournament winners are awarded NMR coins as prizes.

To participate in a Numerai tournament, you will need to:

• Create a Numerai account
• Submit a predictive model to the tournament
• Track your model's performance on the Numerai leaderboard

3. Stake NMR on the Numerai network

NMR holders can stake their coins on the Numerai network to earn rewards. Staking NMR helps to secure the network and validate transactions.

To stake NMR, you will need to:

• Create a Numerai account
• Transfer your NMR coins to your Numerai account
• Stake your NMR coins on the Numerai network

4. Get NMR as a Numerai Ambassador

Numerai has an Ambassador Program that rewards members for promoting the platform and its products. Ambassadors can earn NMR coins by:

• Writing articles about Numerai
• Giving presentations about Numerai
• Hosting Numerai events

To become a Numerai Ambassador, you will need to:

• Create a Numerai account
• Apply to the Numerai Ambassador Program
• Be approved by the Numerai team