Numeraire (NMR) is a digital asset token central to the Numerai ecosystem. It is used for staking, allowing participants to back their predictive models with NMR tokens, ensuring only those with a proven track record participate. The token incentivizes data scientists to contribute valuable predictions to the platform, which utilizes AI and machine learning to generate quality data for investments.

• Staking and Prediction: Users stake NMR tokens on the outcomes of their prediction models. Successful predictions are rewarded with more NMR, while incorrect predictions result in the loss of the staked tokens.
• Payment Method: NMR acts as the main payment method within the Numerai platform.
• Trading: NMR can be traded on various cryptocurrency exchanges, allowing users to make a profit based on the difference between the buying and selling prices.
• Reward and Incentive: NMR is used as an incentive to reward participants in the Numerai Tournament app, where users can upload trading algorithms and bet on the most likely outcome.
• Hedge Fund Software: Numerai uses NMR to power its hedge fund software, which enables users to earn NMR and Bitcoin based on network participation.

Overall, Numeraire (NMR) plays a crucial role in the Numerai ecosystem, facilitating prediction, staking, and trading activities while incentivizing users to contribute valuable data and predictions.

To store Numeraire (NMR) tokens, you have several options based on your needs and preferences:

You can store your NMR tokens in your KuCoin account, which provides quick access to trading products like spot and futures trading, staking, and lending. Ensure you set up a strong password and upgrade your security settings to prevent unauthorized access.

For maximum security and control, you can withdraw your NMR tokens to a non-custodial wallet. This includes hardware wallets like Ledger and Trezor, Web3 wallets, or paper wallets. This option gives you complete control over your private keys but may be less convenient for frequent trading.

As NMR is an ERC-20 token, you can store it in any wallet that supports Ethereum, such as desktop wallets like My Ether Wallet (MEW), mobile wallets like Atomic Wallet and Trust Wallet, and hardware wallets like Ledger and Trezor.

Atomic Wallet is a popular option that supports over 1,000 coins and tokens, including NMR. It offers private and secure storage without registration or KYC requirements, and provides 24/7 online support.

MetaMask is another ERC-compatible wallet where you can store your NMR tokens. It is a popular choice for interacting with the Ethereum ecosystem.

Remember to always keep your private keys secure and never leave your tokens on exchanges whenever possible.

To buy Numeraire (NMR) tokens, you can follow these steps:

1. Create an account: Sign up on Coinmama.com.
2. Get verified: Complete the verification process.
3. Buy Numeraire: Select NMR from the list of available cryptocurrencies and follow the payment instructions.

1. Create a Coinbase account: Download the Coinbase app or sign up on Coinbase.com.
2. Add a payment method: Connect a bank account, debit card, or initiate a wire transfer.
3. Start a trade: Select Numeraire from the list of assets and enter the amount you want to buy.
4. Finalize your purchase: Preview and confirm your purchase.

1. Create and verify your account: Sign up, verify your email, phone number, and identity.
2. Add funds: Deposit money using a bank transfer or credit card.
3. Buy Numeraire: Select NMR, enter the amount, and confirm your purchase.

1. Create a KuCoin account: Sign up with your email address, mobile phone number, and country of residence.
2. Secure your account: Set up Google 2FA, anti-phishing code, and trading password.
3. Verify your account: Upload a valid Photo ID.
4. Add a payment method: Connect a credit/debit card or bank account.
5. Buy Numeraire: Use your payment method to buy NMR on the KuCoin spot market.

1. Create a Pionex account: Sign up on Pionex.com.
2. Deposit funds: Add money to your account.
3. Buy Numeraire: Select NMR and follow the purchase instructions.