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Easily convert ALCX to NMR with ConvertOnline's efficient tool.
Alchemix (ALCX) is a decentralized finance (DeFi) protocol that allows users to create self-repaying loans using their crypto assets as collateral. By leveraging future yield from deposited assets, Alchemix enables users to access liquidity without the need for traditional repayment methods.
Numeraire (NMR) is a cryptocurrency that serves as a utility token for Numerai, a hedge fund that utilizes machine learning and data science to make investment decisions. NMR functions as an incentive for data scientists to build and submit predictive models that contribute to the fund's trading strategies, rewarding those whose models perform well.