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Easily convert QQQX to NMR with ConvertOnline's efficient tool.
The Nasdaq tokenized ETF (xStock) (QQQX) is a digital representation of the Invesco QQQ Trust, which tracks the performance of the Nasdaq-100 Index. This tokenized asset allows investors to gain exposure to a diversified portfolio of technology and growth-oriented companies through blockchain technology, while benefiting from the liquidity and accessibility of cryptocurrencies.
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.