NUM

Overview of Numbers Protocol(NUM)

Numbers Protocol (NUM) is a type of cryptocurrency that aims to make digital data trustworthy and verifiable. It uses blockchain technology to achieve these aims, with a focus on digital assets such as photographs and videos. NUM works by assigning unique identification numbers to each digital file, recording them on its blockchain where they can't be altered. This ensures that the file's authenticity can be verified at any time. While it's similar to other cryptocurrencies, NUM is unique in its focus on digital files, which makes it different from more generally applicable currencies like Bitcoin and Ethereum. As cryptocurrency, NUM is decentralized, with no single entity in charge of verifying transactions or controlling its supply.

Pros and Cons

Pros of Numbers Protocol (NUM):

1. Secures digital data via unique identifications: The Numbers Protocol aims at ensuring the authenticity of digital assets by assigning unique identification numbers to each of these assets. This identification number becomes a marker of that asset's origin and its ownership details, making it easier to verify the asset and protect against fraudulent practices.

2. Relies on robust blockchain technology: The use of blockchain technology allows for the creation of a decentralized system where the data is not controlled by a single entity. This ensures that the data cannot be tampered with once it is recorded on the blockchain, providing a secure and trustworthy environment for digital assets.

3. Public and transparent system for data verification: Records on the blockchain are visible to everyone, creating a high degree of transparency. Any changes or attempts to manipulate data can be detected through the blockchain.

Cons of Numbers Protocol (NUM):

1. Restricted to use with digital files: The Numbers Protocol specializes in securing digital assets like photos and videos. Therefore, its use is restricted to digital files only, rendering it less versatile than other cryptocurrencies.

2. Dependent on technological understanding and acceptance: As it relies on relatively complex blockchain technology, the acceptance and understanding of this technology can significantly influence the functionality and acceptance of NUM. If users find it difficult to comprehend or trust the system, this could impact its adoption rate.

3. Requires a stable internet connection for its functionalities: Like other blockchain-based platforms, this protocol needs a stable internet connection for its operations. This could potentially limit its use in areas with poor or inconsistent internet access.

What Makes Numbers Protocol(NUM) Unique？

Numbers Protocol's uniqueness lies in its focus on content verification, digital provenance, decentralized storage, and low-cost infrastructure. These features, along with its multi-network asset coverage, blockchain integration, and user-friendly design, make it a distinctive solution for enhancing trust and transparency in the digital content industry.

• Content Verification and Provenance: Numbers Protocol focuses on content verification and digital provenance. It allows users to track the origin and ownership history of digital media, ensuring authenticity and transparency in the digital content space.

• Decentralized Storage: NUM leverages decentralized storage, which enhances the security and accessibility of digital content. This approach reduces the risk of centralized control and data loss.

• Low-Cost Digital Provenance: The protocol offers a low-cost digital provenance infrastructure. This affordability makes it accessible to a wide range of users and businesses, particularly those looking to verify and monetize their digital content.

• Multi-Network Asset Coverage: NUM boasts a high level of multi-network asset coverage. It includes features like reverse-image search, dedicated asset profiles, and AI-powered similar image results, making it a comprehensive solution for content verification.

• Blockchain Integration: Numbers Protocol operates on its blockchain, which serves as a digital media library and indexing system. This blockchain is designed to provide on-chain proof of digital media files, further enhancing the trustworthiness of digital content.

• Innovation and Monetization: Numbers Protocol fosters innovative ways for content monetization. This is particularly attractive to content creators and businesses seeking new revenue streams in the digital content space.



How Does Numbers Protocol(NUM) Work？

Numbers Protocol offers a comprehensive solution for verifying and managing digital content by leveraging blockchain technology and advanced AI-driven tools, ultimately enhancing trust and transparency in the digital content ecosystem. Numbers Protocol operates as follows:

• Content Verification: Numbers Protocol provides content verification services to AI-driven companies and creative tools. It achieves this by utilizing low-cost digital provenance infrastructure and decentralized storage, which enhances trust in digital content and encourages innovative methods for content monetization.

• Digital Provenance: Numbers Protocol boasts the highest multi-network asset coverage, including features like reverse-image search, dedicated asset profiles, and AI-powered similar image results. This ensures the provenance (origin and ownership history) of digital media can be identified, making it useful for general queries and content vetting.

• Asset Registration: Users can register and receive multiple assets through a simple API. This user-friendly interface makes it easy for developers to create network applications that utilize Numbers Protocol for various purposes.

• Numbers Blockchain: Numbers Protocol is built on the Numbers Blockchain, which serves as a digital media library and indexing system. This blockchain enables anyone to create on-chain proof of digital media files. The primary goal is to provide media consumers with a comprehensive understanding of the content they encounter, including its source and authenticity.



Price of Numbers Protocal(NUM)

As of 2023, the circulating supply of Numbers Protocal(NUM) is 0.85 million tokens. The total supply is capped at 10 million tokens.Numbers Protocal(NUM) was issued through a fair launch in 2021. It is distributed to users of the Number Protocal ecosystem for participating in various gaming activities and staking their NUM tokens.

The price of NUM has fluctuated significantly since its launch. The high price of $2.234 USD was reached in November 2021. The low price of $0.021 USD was reached in September 2023. The price of NUM is currently $0.024 USD.



Exchanges to Buy Numbers Protocol(NUM)

Please note that the exact list of exchanges where Numbers Protocol (NUM) can be bought may vary over time, and it's always important to verify this information on the official Numbers Protocol website or trusted cryptocurrency exchange databases. Also, while purchasing, you should ensure that the exchange is accessible and legal in your country.

Here are a few examples of exchanges where you may be able to find Numbers Protocol (NUM):

1. Binance: Binance is one of the world's largest and most well-known cryptocurrency exchanges. It offers a wide range of crypto to crypto trading pairs. Although we would need to verify if NUM is currently listed, typically, coins on Binance are paired with major cryptos like Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB).

2. KuCoin: This is another popular global cryptocurrency exchange which often lists a variety of tokens. The standard trading pairs on KuCoin usually involve Bitcoin (BTC), Ethereum (ETH), and KuCoin Shares (KCS). Again, a check is necessary to confirm if NUM tokens are listed.

3. Huobi: Huobi is a top global exchange that offers a significant number of cryptocurrency pairs. In general, included coins can be traded against Bitcoin (BTC), Ethereum (ETH), and Huobi Token (HT).

4. OKEx: OKEx is a large exchange that services users worldwide. Providing several trading options, the exchange could offer NUM with pairs such as BTC, ETH, and OKB (OKEx's native token).

5. Uniswap: If NUM is an ERC20 token, then it could potentially be traded on Uniswap, a decentralized exchange that runs on the Ethereum blockchain. Here, all tokens are paired with ETH or other ERC20 tokens.

Remember, before making a purchase, always make sure to verify that NUM is available on your chosen exchange and observe all legal and safety precautions when trading. As the cryptocurrency market can be highly volatile, it's highly recommended to do thorough research and consider seeking advice from financial advisors.

How to Store Numbers Protocol(NUM)？

Storing Numbers Protocol (NUM) requires a digital wallet that supports the cryptocurrency. Since the cryptocurrency market is dynamic and continuously changing, specific wallets that support NUM should be confirmed through official channels or trusted cryptocurrency resources.

However, general wallet types applicable for storing cryptocurrencies such as Numbers Protocol (NUM) may include the following:

1. Hardware Wallets: These wallets, also known as cold wallets, store the user's private key on a hardware device like a USB. They are considered the most secure type of wallets for storing cryptocurrencies since they are immune to viruses and do not expose the private keys online. Examples include Ledger Nano S, Trezor, and KeepKey.

2. Software Wallets: Also known as hot wallets, these are apps that can be installed on a computer or smartphone. Software wallets can further be classified into desktop wallets, mobile wallets, and web wallets. They store the private keys online and are commonly used for daily transactions. Examples include MyEtherWallet, MetaMask, and Exodus.

3. Paper Wallets: These refer to physical documents that contain the private and public keys in the form of QR codes. While they offer robust security from online threats, they can be physically damaged or lost.

Once again, before choosing a wallet to store NUM, it's important to confirm whether the wallet supports this specific cryptocurrency. It's also crucial to observe all security precautions to protect your assets, such as regularly updating the wallet software, using strong and unique passwords, and avoiding sharing sensitive information online.

Should You Buy Numbers Protocol(NUM)？

Numbers Protocol (NUM) could be suitable for a variety of individuals or entities, but primarily those who have an interest in the specific functionality that NUM offers - verifying and securing digital files such as photos and videos. This could include but is not limited to:

1. Photographers or videographers: who want to protect their work from unauthorized reproduction or fraud.

2. Digital content creators: who often deal with digital assets and need a secure way of verifying their authenticity.

3. Tech-savvy investors: who are interested in blockchain technology and are willing to explore cryptocurrencies with specialized use-cases like NUM.

4. Companies in the digital asset space: that could leverage the functionality of NUM for their operations.

Professional advice for those who intend to buy Numbers Protocol (NUM):

1. Do Your Research: Understand what NUM is and how it works. Make sure to read the project's white paper and get a firm grip on its future plans, its team, and its viability in the current market.

2. Understand Your Risk Appetite: Cryptocurrencies, including NUM, are volatile. The value can decrease or increase at a moment's notice. Understand your risk tolerance and invest accordingly.

3. Consider the Accessibility and Liquidity: Ensure NUM can be traded on exchanges accessible to you. Also, consider the liquidity of the token, as this could affect your ability to buy or sell when you want.

4. Ensure Secure Storage: Before purchasing any cryptocurrency, including NUM, confirm you have a secure wallet capable of storing it. Follow recommended security practices to protect your investment.

5. Stay Updated: Keep an eye on the crypto market and the latest news related to NUM. Market conditions can change rapidly, and staying informed helps you make better investment decisions.

Please remember that all investment decisions should be made based on your own research and consultation with a financial advisor. Investing in cryptocurrencies can carry a high level of risk and might not be suitable for all investors.

Conclusion

Numbers Protocol (NUM) is a unique cryptocurrency that focuses on securing and verifying digital assets such as photos and videos using blockchain technology. It assigns a unique identification number to each digital file, recording this detail on its blockchain, helping ensure the authenticity of the digital files and protect them against unauthorized use or fraud.

However, like all cryptocurrencies, NUM's development prospects depend on a variety of factors such as market acceptance, regulatory climate, technological advances, and widespread use of blockchain technology for securing digital assets. While the novel use-case of NUM in digital asset verification might provide potential for growth, it should be understood that investment in any cryptocurrency carries risk, and this applies to NUM too.

As for potential for money-making or appreciation, it is impossible to guarantee. A variety of factors influence cryptocurrency prices, including supply and demand, market sentiment, regulatory news, technological developments, and broader economic factors. Therefore, while some investors might have made profits investing in cryptocurrencies, it's crucial to note that past performance isn't indicative of future returns.

Investors considering an investment in NUM should conduct thorough research and possibly consult with a financial advisor. Ultimately, the decision to invest should align with one's financial goals, risk tolerance, and investment horizon.

FAQs

Q: On which types of exchanges can I potentially find Numbers Protocol (NUM)？

A: You could potentially find NUM on a variety of global exchanges, such as Binance, KuCoin, Huobi, OKEx, and Uniswap, but availability should be verified through official channels or trusted resources.

Q: How should I store Numbers Protocol (NUM)？

A: The storage of NUM requires a digital wallet that supports this cryptocurrency, with options ranging from hardware wallets, software wallets, to paper wallets.

Q: Who is the target audience for buying Numbers Protocol (NUM)？

A: NUM may appeal to digital content creators, photographers, tech-savvy investors, and companies in the digital asset space who require a secure way to verify digital assets.

Q: Can I make money by investing in Numbers Protocol (NUM)？

A: While some investors might see profit from investing in cryptocurrencies like NUM, it's crucial to remember that the crypto market is highly volatile and as such, there's no guaranteed profit or token appreciation.

Q: What potential challenges does Numbers Protocol (NUM) face？

A: Potential challenges for NUM include its limited use with digital files, the dependence on a technological understanding and acceptance, and the need for a stable internet connection for its functionalities.

Q: What factors might influence the value of Numbers Protocol (NUM)？

A: The value of NUM could be influenced by factors like market demand, technological advances, regulatory news, and the popularity of its use-case among other broader economic factors.

Risk Warning

Investing in cryptocurrencies requires an understanding of potential risks, including unstable prices, security threats, and regulatory shifts. Thorough research and professional guidance are advised for any such investment activities, recognizing these mentioned risks are just part of a wider risk environment.