Numbers Protocol (NUM) is a decentralized network utilizing Web3 and blockchain technology to ensure the provenance of digital media files. It aims to create a transparent and trustworthy environment by allowing digital media to represent their own records independently. The native protocol token, $NUM, incentivizes users to create, archive, and verify content with good integrity and can be used for various purposes within the ecosystem.
The crypto Numbers Protocol (NUM) is primarily a utility token designed to incentivize users to create, archive, and verify content with good integrity within the Numbers Protocol ecosystem. Here are the main ways NUM is used:
Incentivizing Users: NUM tokens are used to reward users for creating, archiving, and verifying content with good integrity. This encourages users to participate in the ecosystem and maintain the integrity of digital media.
Payment for Services: NUM tokens can be used to pay for services running within the decentralized photo network. This includes transactions related to content creation, storage, and verification.
Staking and Liquidity: Users can earn rewards by providing liquidity to the network through staking. This helps maintain the health and stability of the network.
NFT Marketplace: NUM tokens are used in the NFT marketplace, CaptureClub, where users can buy, sell, and trade NFTs with verified provenance.
Digital Asset Management: NUM tokens facilitate the management of digital assets, ensuring their authenticity and provenance through the "Capture, Seal & Trace" process.
Community Engagement: NUM tokens are used to incentivize community participation, such as through airdrops and other community-driven initiatives.
Overall, the NUM token plays a central role in maintaining the integrity and authenticity of digital media within the Numbers Protocol ecosystem.
To store Numbers Protocol (NUM) tokens, you have several options based on your needs and preferences:
KuCoin Account:
- Hold your NUM tokens in your KuCoin account for quick access to trading products like spot and futures trading, staking, and lending. KuCoin serves as the custodian of your crypto assets, ensuring security and convenience.
Non-Custodial Wallets:
- For enhanced security, you can withdraw your NUM tokens to a non-custodial wallet, granting you complete control over your private keys. This includes hardware wallets, Web3 wallets, or paper wallets. Ensure you store your private keys securely to avoid losing your tokens.
MetaMask:
- Add NUM tokens to MetaMask by importing them on specific networks. For example, you can add NUM(ERC-20) by enabling 'Autodetect tokens' and importing tokens on the Ethereum Mainnet.
- Trust Wallet:
- Install Trust Wallet and add NUM tokens by managing crypto assets on specific networks. For instance, you can add NUM(Mainnet) by setting up the Numbers Mainnet network details, and NUM(ERC-20) by adding the Ethereum network and token address.
Choose the method that best suits your needs, considering factors like security, convenience, and trading frequency.
To buy Numbers Protocol (NUM) tokens, you can follow these steps:
Create an Account on a Centralized Exchange:
- Go to a reliable centralized exchange like Gate.io, Binance, or Kriptomat.
- Complete the registration process, including KYC (Know Your Customer) and security verification.
Deposit Funds:
- Add funds to your exchange account using methods like bank deposits or credit cards.
Buy NUM Tokens:
- Navigate to the exchange's trading platform.
- Search for Numbers Protocol (NUM) and select it.
- Enter the amount you want to purchase and confirm the transaction.
- Store Your Tokens:
- You can store your NUM tokens in the exchange's wallet or transfer them to a personal wallet like MetaMask, CoinBase Wallet, or Trust Wallet.
Remember to check the liquidity and trading volume of NUM on different exchanges to ensure a seamless trading experience.
