Neurai

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Discover Neurai's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is Neurai?

Neurai (XNA) is a cryptocurrency launched in 2023 that integrates blockchain, IoT, and AI technologies to create a decentralized ecosystem. It aims to enable the development of smart IoT devices that can interact with blockchain-based assets, ensuring data integrity and security. The project leverages parts of Ravencoin code for asset creation and ASIC resistance, and its unique approach includes device authentication, data ownership through NFTs, automatic transactions, and maintenance records.

How is Neurai used?

Neurai (XNA) is a cryptocurrency designed to enhance and simplify the transaction experience by combining blockchain, AI, and IoT technologies. It is built on principles of decentralization, ensuring that users have a platform beyond the control of any single entity. Neurai employs the ASIC-resistant KAWPOW mining algorithm, which ensures fairness in mining by preventing monopolization of mining power.

Key Features
  • Decentralized Platform: Neurai aims to bridge the gap between IoT and AI through blockchain assets, enabling efficient data analytics, predictive modeling, and decision-making.
  • KAWPOW Mining Algorithm: This algorithm ensures fairness in mining by being resistant to ASIC miners, allowing both individual miners and large mining operations to have an equal chance of earning XNA coins.
  • Tokenomics: There will only ever be 21 billion XNA tokens, with a "micro-halving" event for token release, unlike Bitcoin's traditional halving event.
  • IoT and AI Integration: Neurai uses LoRaWAN technology to enable communication between IoT devices, making them less isolated and more interconnected.
Usage
  • Payment Method: XNA is used as a method of payment on the Neurai blockchain, facilitating transactions within the network.
  • Mining: XNA is created and added to the network through the mining process, which involves using GPU mining setups with specific configurations.
  • Wallet Storage: Users can store XNA in the official Neurai wallet, Electrum, or exchanges like CoinEx, ensuring secure storage and easy access to their tokens.

Overall, Neurai (XNA) is a cryptocurrency that leverages blockchain, AI, and IoT technologies to create a decentralized platform for efficient data analytics and decision-making, with a focus on fairness and security in its mining and tokenomics.

How do I store Neurai?

To store Neurai (XNA) tokens, you have several wallet options available:

  1. Neurai-QT Wallet: This wallet is designed for mining and has an integrated node. It takes time to synchronize initially but provides full control over the blockchain.

  2. Rebel Wallet: This is a simple and secure web wallet created by the Neurai developers. It is protected by a password and a seed phrase, allowing you to store your coins securely.

  3. Electrum Wallet: This is a lightweight wallet that uses external servers to validate transactions, making it fast and convenient. It can be used with Ledger hardware wallets.

  1. Vidulum Wallet: This is a cross-platform wallet with a user-friendly interface and a built-in decentralized exchange (DEX) in testing.

  2. Multi-currency Web Wallets: There are also multi-currency web wallets available that support Neurai, offering both web and mobile versions.

Before choosing a wallet, consider your needs and the level of security you require. It is essential to protect your wallet with strong passwords and securely store your seed phrases to ensure the safety of your XNA tokens.

How to buy Neurai?

To buy Neurai (XNA) tokens, follow these steps:

  1. Choose a Crypto Exchange: Select a reliable and trustworthy crypto exchange that supports Neurai (XNA) purchases. Popular options include CoinEx, gate.io, MEXC, and KuCoin. Research each exchange, comparing fees, security features, and supported currencies before making a decision.

  2. Create an Account: Register a free account on the chosen exchange by providing necessary personal information, including your name and email address. You may need to complete Know-Your-Customer (KYC) verification to increase withdrawal limits and unlock additional features.

  3. Add Funds: Deposit funds into your exchange account using a supported payment method, such as a credit or debit card, bank transfer, or third-party payment services like Simplex, Banxa, or Mercuryo.

  1. Buy Neurai (XNA): Navigate to the trading section and select Neurai (XNA) as the cryptocurrency you want to buy. You can choose between a Market Order or a Limit Order. A Market Order executes the purchase at the best available price, while a Limit Order allows you to set a specific price for the purchase.

  2. Store Your Tokens: Once you've purchased Neurai (XNA), you can hold it in your exchange account or transfer it to a personal cryptocurrency wallet for added security and control. Consider using a cold wallet, such as a hardware wallet or paper wallet, for long-term storage.

  3. Monitor and Trade: Keep track of your investment and consider trading Neurai (XNA) for other cryptocurrencies or using it for futures trading on platforms like MEXC.

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History of Neurai

Neurai (XNA) is a relatively new cryptocurrency that launched in July 2023. Since its inception, it has gained significant attention due to its rapid price increase. In the past month, the token's price has surged from $0.008 to $0.6, representing a 710% increase. This sudden growth has led to a lot of interest and speculation around the project, with many YouTubers and investors discussing its potential.

Despite the hype, there is limited information available about Neurai's history and whitepaper. The project's website does not currently publish a whitepaper, which has raised concerns among some investors. However, Neurai aims to create a platform that harnesses the power of AI algorithms for efficient data analytics, predictive modeling, and decision-making, while also connecting IoT devices using blockchain assets.

The founders of Neurai are experts in micro-electronics and have been working on ways to connect IoT devices. They saw the need to create their own ecosystem from scratch, which led to the development of Neurai. The project's decentralized approach allows anyone to acquire low-cost IoT devices that can be interconnected with the Neurai network, utilizing AI APIs to leverage the network's assets.

Neurai (XNA) is not currently supported by major exchanges like Coinbase, but its price and market data are available on various platforms. The project's future development and potential are still being closely watched by investors and the cryptocurrency community.

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How Neurai works

Neurai, also known by the market ticker XNA, is a layer 1 blockchain that combines the power of the Internet of Things (IoT), blockchain, and Artificial Intelligence (AI) to create a robust ecosystem. Here's how it works:

Blockchain Technology

Neurai uses blockchain technology to establish a secure and immutable ledger for data storage and management. This ensures data accuracy and asset ownership transparency. The blockchain model is based on Ravencoin, which is a fork of Bitcoin with advanced features like assets and ASIC resistance. This means Neurai employs Proof of Work (PoW) for fair distribution, preventing mining centralization, and is designed to be ASIC resistant, promoting a more decentralized mining ecosystem.

IoT Integration

Neurai empowers the creation of low-power IoT devices that securely and efficiently collect and transmit data to the blockchain. These devices can interact with each other and the blockchain, opening up new possibilities for IoT applications. IoT devices can conduct automatic transactions and payments using blockchain tokens, enhancing automation and efficiency.

Artificial Intelligence

Neurai harnesses AI to analyze data from IoT devices, generating valuable insights for better decision-making and operational optimization. AI algorithms are used for efficient data analytics, predictive modeling, and decision-making, enabling the creation of intelligent systems that can solve complex problems autonomously.

Tokenomics

The XNA token is used as a method of payment on the Neurai blockchain. There will only ever be 21 billion XNA tokens, with a "micro-halving" event for token release, unlike Bitcoin's traditional halving event.

Applications and Benefits

Neurai has various applications, including device authentication, data ownership, automatic payments, maintenance and service records, and supply chain tracking. The integration of NFTs and tokens fuels innovation within the IoT industry, opening doors to new possibilities and applications. Neurai enhances security, efficiency, and innovation, making it a game-changer in the IoT revolution.

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Neurai's strengths

The token Neurai (XNA) has several strengths that contribute to its potential success:

  1. Unique Intersection of Technologies: Neurai combines blockchain, IoT, and AI to create a decentralized ecosystem. This synergy enables advanced data analysis, decision-making, and connectivity for IoT devices, offering a secure and efficient alternative to centralized systems.

  2. Fair Launch and Decentralized Distribution: Neurai's token distribution is designed to be fair and decentralized, using a micro-halving approach that reduces the reward by 5% every 14,400 blocks. This approach aims to balance initial availability with long-term sustainability and network security.

  3. Scalability and Efficiency: The blockchain is designed for scalability, with a 1-minute block time and an 8 MB block size. This allows for faster transactions and higher capacity compared to other blockchains like Bitcoin.

  1. ASIC-Resistant and GPU-Friendly: Neurai's use of the KAWPOW hashing algorithm discourages the development of ASIC hardware, promoting a more decentralized mining environment.

  2. Strong Focus on Security and Transparency: The project emphasizes the importance of security and transparency, leveraging the robustness of PoW and the UTXO model to ensure a secure and parallelization-friendly network.

  3. Potential for Real-World Impact: Neurai's applications span various sectors, including smart agriculture, automated logistics, and intelligent asset management, offering significant potential for real-world impact and adoption.

  1. Strong Community Engagement: The project encourages community participation through donation addresses, hackathons, and other initiatives, fostering a collaborative environment for growth and development.

These strengths position Neurai as a promising project with a unique value proposition, making it an attractive option for investors and users seeking a decentralized, secure, and efficient ecosystem.

Neurai's risks

Neurai (XNA) is a cryptocurrency that operates on a blockchain platform, integrating artificial intelligence (AI) and IoT capabilities. The financial risks associated with Neurai (XNA) are primarily related to market volatility and the potential for significant price fluctuations. Here are some key points to consider:

  1. Market Volatility: The cryptocurrency market is known for its high volatility, and Neurai (XNA) is no exception. Its price can fluctuate rapidly, leading to potential losses for investors who buy at the wrong time.

  2. Risk of Investment: Investing in Neurai (XNA) carries inherent risks, including the possibility of losing some or all of the investment. It is crucial to do thorough research and assess personal risk tolerance before investing.

  3. Liquidity Risks: The liquidity of Neurai (XNA) can impact its price and the ability to buy or sell the token. Low liquidity can lead to significant price swings, making it challenging to exit positions quickly.

  1. Regulatory Risks: Changes in regulatory environments can significantly impact the value of Neurai (XNA). Stricter regulations or bans on cryptocurrencies can lead to a decline in value.

  2. Security Risks: As with any cryptocurrency, Neurai (XNA) is susceptible to security risks, such as hacking and theft. Investors should ensure they use secure wallets and follow best practices for storing their tokens.

  3. Competition: Neurai (XNA) operates in a competitive market, and the success of similar projects can impact its value. If other AI-focused blockchain projects gain more traction, Neurai (XNA) may struggle to maintain its market share.

  1. Technical Risks: The Neurai platform's technical capabilities and scalability can affect the token's value. If the platform experiences technical issues or fails to deliver on its promises, the token's value may decline.

  2. Team and Development Risks: The success of Neurai (XNA) is heavily dependent on the development team's ability to deliver on their roadmap and vision. If the team fails to meet expectations, the token's value may suffer.

It is essential for investors to carefully evaluate these risks and conduct thorough research before investing in Neurai (XNA).

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Did Neurai raise funds?

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Neurai’s team

  • Asimov (Mark Cortés): Co-Creator, studied industrial electronics, experienced in microcontrollers, and a blockchain apprentice.
  • Bender: Co-Creator, studied computer science, experienced in electronics and web design, with a passion for IoT.
  • Blanca: Co-Creator, studied telecommunications, experienced in fiber optics and wavelength connections.
  • Satolight: Developer, knowledgeable in blockchain, backend, and frontend development.

Whalee AI

The fundamental analysis assistant for crypto value investors.

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