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Easily convert AMPL to NMR with ConvertOnline's efficient tool.
Ampleforth (AMPL) is a cryptocurrency designed to provide a decentralized and protocol-driven approach to monetary policy, utilizing a unique elastic supply mechanism. Unlike traditional cryptocurrencies that have a fixed supply, Ampleforth adjusts its supply daily based on demand, allowing each holder's balance to change in response to market conditions.
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.