Numbers protocol token: NUM Token Numbers Protocol

Numbers protocol token

Numbers protocol token

A user can create a photo asset using the Capture App and archive the asset to Filecoin using the Filecoin Network App. It is possible that theft may occur on a network or with a file format that is not yet supported by the API. While the Theft Detection API is designed to assist you in protecting your assets, it is not a guarantee of security.

Numbers protocol token

5 Liquid Staking Derivatives You Need To Know Liquid staking lets users unlock the liquidity of their staked ETH through Liquid Staking Derivatives, which can be used in DeFi activities. Market cap is measured by multiplying token price with the circulating supply of NUM tokens . Because Uniswap is a decentralized exchange similar to IDEX, Etherdelta, etc, there are a few steps you need to take to make sure you understand the process of swapping ETH for NUM. If the token you’re looking to purchase isn’t located in the dropdown box, entering the contract address for that token is the only alternate way of purchasing.

Unlike normal media, Captures are multilayered information containers that contain context, provenance, creator signature and sealed blockchain records. In order to populate the network with Captures, the Numbers network will leverage the community to create and register Captures in exchange for NUM tokens. Rewards earned in this manner will be referred to as Integrity Rewards.

What is the market sentiment of NUM Token today?

If you’re looking for a set of practical and insightful crypto market information and data, we have the analytics tools to suit your business needs. The Community/Public Sale will open in November 2021, during which individuals can buy a limited amount of $NUM tokens at a relatively low price. At this point, only white-listed individuals who complete the KYC process can purchase. After the bootstrapping completes, tokens will be listed on an exchange and free to be traded. Once $NUM is listed on an exchange, the price of $NUM token will be driven by market demand and inflation caused by the release of the reward tokens.

Numbers Protocol IDO on DAOMaker research page.IEO on Gate.ioNumbers Protocol listing information. Public Sale — Contributors who participate in the community round of the token sale. In this article, we’ll cover several key components of $NUM, including an overview of $NUM, the general tokenomics and upcoming roadmap, and token allocation. What we are doing with Verification Rewards is creating a form of liquid value attached to reputation , where each reputation holder is awarded NUM based on their score.

The distribution of user rewards starts after the network launch. Numbers Blockchain supports the entire lifecycle of the modern digital asset with smart contracts supporting media history commits, asset monetization, License NFT minting, royalty distribution and asset collection creation. Experiencing the WEB 3.0 File Registration Era with Numbers Protocol Content in the Numbers ecosystem is “registered” and identified by its wholly unique content.

Numbers Protocol is the asset-driven protocol to make digital media traceable and verifiable through its innovative process. By making digital media traceable and verifiable, we are able to address critical issues in the digital media space, namely misinformation, copyright and royalty distribution. Today, we will introduce some of the ways you can earn and receive $NUM as a reward, earn $NUM through staking, and how Numbers Protocol can be used across different network apps. We champion the purity of digital media, enabling people to think more critically about the world around them. Updated on June 30, 2022.From the above graphic, the grey line indicates the growth of the Instagram active monthly users from its founding in October 2010 to April 2017.

As an authentic media network, the network will prioritize accepting content with high integrity. High integrity content refers to digital media that are unique , have immutable blockchain record, and have content provenance. Make Changes and Bring Trust to Digital Media with Numbers Protocol Numbers Protocol is building a decentralized photo network for creating community, value, and trust in digital media. Numbers Protocol Asset & Deflationary Token Economy Numbers is building a decentralized photo network for creating community, value, and trust in digital media. In the decentralized photo network powered by Numbers Protocol, it is essential that content should be traceable and verifiable. We call these 3rd-party services Ecosystem Apps which include NFT marketplace, Web3.0 storage, social media platforms, and stock image/video services.

They’re also given an option to reserve a Visa card to spend your crypto assets. This collaboration with VISA has made cryptocurrency payments easier than ever before. For advanced and more experienced users, they can easily send their crypto assets to Exchange and partake in the world of cryptocurrency trading.

In some cases, users will be able to monetize these photo assets. These 3rd-parties are called Network Apps and include NFT marketplaces, Web3.0 storage, social media platforms, and stock image/video services. The goal of Numbers is to tokenize authentic photos to create a decentralized photo network in Web 3.0.

Convert NUM Token (NUM) to USD

If the majority of the community seems a photo trustworthy then it is trustworthy. To reflect social trust, the Numbers network will assign each individual asset a “Trust Score” which fluctuates depending on the communities verification feedback. Confirmations will result in an increase in “Trust Score” while flags will result in a score decrease. All trust scores will be made transparent to prospective users and clients of the network. Having already created tools and services to equip users to register assets in Web3.0 as well as a native network token, NUM, Numbers Photo Network is aptly equipped to support the Web3.0 asset Economy.

As a result, we may refer to the growth curve of Instagram as an estimation of the future growth of registered assets in the Numbers network. Local news channels want authentic images of California WildFire and the effects it has on the air quality and local community. Numbers Protocol community will get notification of California WildFire “Go Capture Event” via Capture APP and Numbers social media.

More from Numbers Protocol

Numbers Protocol community will get notification of New Years Fireworks “GoCapture Event” via Capture APP and Numbers social media. Integrity Rewards set to 10 NUM per Capture up to 5 submissions . Participants will take photos of Fireworks on New Years and register them to the network. Rewards will be sent to the account pending verification (New Years time & presence of fireworks). We are a decentralised asset network, for creating community, value and trust in digital media.

Similar to staking rewards, the average total Verification Rewards will also decrease as the network matures to preserve the value of NUM as there is just a certain number allocated to rewards. Convex dividend rate which incentivizes long term engagement with the network. This is to avoid scenarios where the earliest adopters have the highest scores as a result of being aware of the project in the early stages rather than actually creating value to the ecosystem. The Numbers network will send users a mix of assets for verification .

More details of the staking program will be announced in Q4 2021. From here you are free to withdraw your NUM tokens out into another wallet or exchange that also supports Numbers Protocol or simply hold them with the aim of selling or “swapping” the tokens at a higher price later on. After you press “Swap” and buy your desired amount of Numbers Protocol , you’ll want to check that you’ve received the correct amount of NUM in your wallet and all processes have gone smoothly. Please note that in times of high network usage, you may suffer from large fees or an increase in transaction times. Teams & Advisors — Advisors and developers who participate in building the initial version of the decentralized photo network.

This occurs if a majority of users agree that the content is trustworthy. By creating content that gains professional and/or social trust, users will be rewarded. Since it is the first time we perform token burning, the N_newly_registered_assets will be equal to the total assets registered in the Numbers Protocol network .

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In addition to receiving “interest” on staked NUM, holders who stake their holdings can unlock additional earning opportunities and community privileges. These include CAPTCH-A , participation in Verification events to earn additional NUM token rewards, and participation in driving the direction of the network via Governance. More details on each of these categories in the proceeding sections. Holder satisfies the staking requirement and is allowed to participate in the “Verification Event”. Holder does not satisfy the staking requirement and cannot participate in the “Verification Event”.

The Numbers network will also assign verifiers individual reputation scores similar to credit scores. Those who perform verification properly, as indicated from Unknown & Known Verification, will see an increase in their Reputation Score, more weight to their responses and also accrue Verification Rewards. CaptureClub Customized Marketplace In this blog post, we will be covering the latest improvements with CaptureClub and highlighting customized marketplace.

Another way to bypass the issues surrounding social trust is leveraging the opinions of trusted experts or sources as a means of Profession Trust. For example we can invite professional photojournalists to contribute their works to the network and participate in verification events. These individuals, if approved by the network and deemed an “expert” may come into the network with elevated Reputation Scores and subsequently higher verification weight. Specific details of professional trust such as how the approval process works is still up for discussion. Creating photos with good integrity with Capture APP does not equate to being trustworthy content.

For Ecosystem Apps, 0.5% of the total payments charged will be collected in order to keep the long-term operation of the network. If the Ecosystem App is “free-to-use”, there will still be a base payment applied when users use the Ecosystem App in the Numbers network. Developers and enterprises may also leverage Numbers services to register & access photos as well as retrieve on-chain provenance, Web3.0 addresses and certificates. Similar to user services, fees will be adjusted on a quarterly basis to ensure API users can have stable fees. As a decentralized photo network, Numbers Protocol will need to have a plethora of authentic content, referred to in the Numbers network as “Captures”, in order to create value.

This means holders who stake their NUM in the early stages of the Numbers Protocol network will earn greater staking rewards than those who stake at later stages. The projected staking schedule is still in discussion and will be made available to the community when it is available. This metric can be used as a predictive indicator of the asset’s future market capitalization. As these photos have now become verifiable, 3rd party media sites can collaborate with local respondents and leverage verified user-generated content with relatively low costs. All Network Apps can be accessed from the Capture App and paid for using $NUM tokens. This will create a better user experience for anyone hosting or using photos.

Numbers is building a decentralized photo network for creating community, value, and trust in digital media. Numbers champion the purity of digital media and enable people to think more critically about the interactions between our images and the world around us. Numbers champions the purity of digital media and enables people to think more critically about the interactions between our images and the world around us. Photos registered with Numbers Protocol will provide information such as creator signature, ownership, transfer history, and provenance information, unlike photos uploaded to Instagram or other social media platforms. This opens up a new path for 3rd-party apps to provide photo services and help users better utilize their photo assets.