NEUYPrice

(NEUY)

NEUY is a decentralized finance and artificial intelligence project that seeks to integrate off-chain data analysis with on-chain execution. Launched with the goal of improving efficiency in the Web3 space, the project utilizes a specialized infrastructure called the NeuyAI platform. This platform is designed to facilitate seamless financial services by combining blockchain technology with advanced machine learning capabilities. The core of the NEUY ecosystem is its decentralized processing network. This network relies on two primary participant groups: nodes and contributors. Nodes act as distributed servers that coordinate tasks between developers and data sources, while also validating the results produced by the network. Contributors are individual users who install a lightweight client application on their computers. This application allows them to provide idle processing power to perform various artificial intelligence tasks. The project operates using a unique protocol known as Proof of Contribution. Unlike traditional mining or staking mechanisms that focus solely on securing the network, Proof of Contribution rewards users based on the actual computational work they provide for AI tasks. This model is intended to create a more inclusive environment where any user with a standard workstation can participate in the ecosystem and earn rewards for their contributions. The NEUY token serves as the native utility asset within this environment. Its primary functions include facilitating transaction fees, securing the network through staking, and enabling decentralized governance. Token holders can vote on community proposals, allowing them to influence the future development and strategic direction of the project. Additionally, the ecosystem features a buyback mechanism where revenue generated from internal services, such as arbitrage bots and swap fees, is used to replenish the network's liquidity and reward pools. Technologically, the project focuses on scalability, interoperability, and security. While it maintains its own decentralized framework, it is also integrated with multiple major blockchain networks to ensure broader accessibility for developers and consumers. This cross-chain presence allows users to move assets and interact with decentralized applications across different environments. For developers, the project provides software development kits and application programming interfaces to help them build and integrate new applications into the AI-driven infrastructure. Overall, NEUY positions itself as a bridge between high-performance computing and decentralized financial systems. Learn more

--

Cryptocurrency prices are subject to high market risk and price volatility. You should invest only in projects and products you are familiar with and understand the associated risks. Carefully consider your investment experience, financial situation, investment objectives, and risk tolerance, and consult an independent financial advisor before making any investment decisions. This material should not be considered financial advice. Past performance is not a reliable indicator of future performance. The value of your investment may go down or up, and you may not recover your invested amount. You are solely responsible for your investment decisions. LBank is not responsible for any losses you may incur. For more information, please refer to our Terms of Use and Risk Warnings. Please also note that the data related to the above-mentioned cryptocurrency (such as its current real-time price) is sourced from third parties and is provided “as is” for informational purposes only, without any representation or warranty. Links to third-party websites are not under LBank’s control, and LBank is not responsible for the reliability or accuracy of such websites or their content.