Neurotoken NTK Price

What is Neurotoken (NTK)?

Neurotoken (NTK) is a utility token designed to power the Neurotechnology ecosystem. It is built on blockchain technology, particularly the Ethereum network, which allows for secure and transparent transactions. Neurotoken aims to facilitate decentralized applications (dApps) that utilize artificial intelligence (AI) and machine learning (ML) to enhance various sectors, including healthcare, finance, and supply chain management. As of early 2024, Neurotoken has seen significant adoption, with its market capitalization exceeding $150 million and a trading volume that regularly surpasses $10 million per day.

Who are the Founders of Neurotoken?

Neurotoken was co-founded by a team of experts in AI, machine learning, and blockchain technology. The key figures include Dr. Alexei Ivanov, a renowned AI researcher with over 20 years of experience in the field, and Sarah Thompson, a blockchain developer with a background in cryptographic applications. Their combined expertise has driven the development of Neurotoken and its underlying platform, ensuring it meets the needs of both developers and end-users.

How does Neurotoken Work?

Neurotoken operates on a decentralized platform that allows users to access AI and ML tools securely. The NTK token serves multiple functions within this ecosystem. Users can utilize NTK for transaction fees when accessing AI services, rewarding contributors to the network, and incentivizing developers to create new applications. The platform uses smart contracts to automate and secure transactions, ensuring that all parties involved receive their due rewards without the need for intermediaries. Additionally, Neurotoken employs a unique staking mechanism that allows users to earn passive income by locking their NTK tokens for a specified period.

Tokenomics

The total supply of Neurotoken is capped at 1 billion NTK, with approximately 600 million tokens currently in circulation as of early 2024. The distribution model includes allocations for development, marketing, partnerships, and community incentives, which help to foster a robust ecosystem.

Top Use Cases of Neurotoken

Neurotoken has several promising use cases, including:

• Healthcare: NTK can be used to power AI-driven diagnostics and predictive analytics, improving patient outcomes and streamlining healthcare services.
• Finance: The token facilitates decentralized finance (DeFi) applications that utilize AI for risk assessment and fraud detection, enhancing security and efficiency in transactions.
• Supply Chain Management: Neurotoken enables real-time tracking and optimization of supply chains through AI algorithms, reducing costs and improving transparency.
• Data Monetization: Users can monetize their data by contributing it to the platform, receiving NTK tokens in exchange for sharing valuable insights.
• Decentralized Autonomous Organizations (DAOs): NTK can be used to govern and vote on proposals within DAOs, empowering community-driven decision-making.

How to Keep your Neurotoken Safe?

Keeping your Neurotoken safe involves several best practices:

• Use Hardware Wallets: Store your NTK in hardware wallets like Ledger or Trezor for enhanced security against hacks.
• Enable Two-Factor Authentication (2FA): Activate 2FA on your exchange accounts and wallets to add an extra layer of security.
• Be Cautious of Phishing Attacks: Always verify URLs and avoid clicking on suspicious links in emails or messages claiming to be from exchanges.
• Regularly Update Software: Keep your wallets and any associated software updated to protect against vulnerabilities.
• Backup Your Wallet: Ensure you have secure backups of your wallet recovery phrases and private keys in a safe location to prevent loss.