NYM

Nym price

NYM
|
3.2/5
CyberScope
3.8
05/25/2024
TokenInsight
2.5
03/26/2023
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USD
USD
$0.16211
+0.80%
1h
24h
1W
1M
1Y
All

Nym price live data

The current price of Nym is $0.16211. Since 00:00 UTC, Nym has increased by +0.81%. It currently has a circulating supply of 767,145,776 NYM and a maximum supply of 1,000,000,000 NYM, giving it a fully diluted market cap of $124.35M. At present, Nym holds the 164 position in market cap rankings. The Nym/USD price is updated in real-time.

Nym price performance in USD

Time periodChange amount%Chg
Today$0.0013001 +0.80%
7 days$0.0031081 +1.95%
30 days-$0.01749 -9.74%
3 months-$0.05269 -24.54%

Nym market information

24h low/high
The highest, lowest, and last prices in 24 hours
24h low$0.15871
Last price $0.16211
24h high$0.16411
Heat index ranking
217
Market cap ranking
164
Market cap
$124.35M
Favorited rate
Percentage of users who favorited this asset to all users
0.93%
All-time high
$8.5000
-98.10% (-$8.3379)
Apr 15, 2022 (2 years ago)
All-time low
$0.098000
+65.41% ($0.064108)
Oct 11, 2023 (7 months ago)
ICO date
04/15/2022
ICO price
The price at which this crypto was first traded
$0.50000
Circulating supply
The amount of this crypto that is publicly available in the market
767,145,776 NYM
Market cap at circulating supply
Market cap = Circulating supply × Last price
$162.10M

About Nym (NYM)

Cryptocurrencies have significantly transformed the landscape of privacy and anonymity in digital transactions. Nym (NYM) is a pioneering project focused on establishing a decentralized infrastructure for privacy-centric applications. At its core, Nym offers a platform that empowers users to safeguard their online activities and communications using a mixnet. By leveraging the mixnet, Nym enhances privacy and security, enabling users to have greater control over their personal information in the digital realm.

What is Nym

Nym is a decentralized privacy platform that empowers individuals and applications to safeguard their online activities. By utilizing a mixnet, which consists of a network of servers that shuffle and encrypt internet traffic, Nym effectively obscures the source and destination of data packets. This advanced technology ensures that users can maintain their privacy and protect their online activities from being monitored by third parties.

The Nym team

Nym was established by a group of seasoned developers and privacy advocates, including Harry Halpin (CEO), who serves as a senior research scientist at the Massachusetts Institute of Technology (MIT), Dave Hrycyszyn (CTO), and Claudia Diaz (Chief Scientist).

Recognizing the growing demand for improved privacy solutions in the digital realm, this team comprises individuals with expertise in cryptography, networking, and blockchain technology. Their collective mission is to construct a secure and decentralized platform that places utmost importance on safeguarding the privacy of all its users.

How does NYM work

Nym operates as a decentralized mixnet, leveraging a network of servers to shuffle and encrypt user data. When a user sends a data packet, it is split into smaller packets and routed through multiple mixnodes. These mixnodes shuffle and encrypt the packets, making it nearly impossible to trace the origin and destination of the data. The data packets are reassembled upon reaching their intended destination, ensuring secure and private communication.

Nym’s native token: NYM

The native token of the Nym platform is NYM, which plays a crucial role in powering the ecosystem and enabling various functionalities. As a utility token, NYM has multiple use cases, including staking, participating in network governance, and accessing additional features and services offered by Nym.

NYM use cases

NYM tokens have multiple use cases within the Nym ecosystem. Firstly, they can be utilized for network governance, granting token holders the opportunity to actively participate in decision-making processes and influence the development and direction of the platform.

Additionally, NYM tokens can be used to access premium features or services offered by Nym, providing users with enhanced functionality and benefits. Furthermore, NYM tokens serve as a means of exchange within the ecosystem, facilitating transactions for privacy-focused applications and decentralized apps (dApp) built on the Nym network.

NYM token distribution

The distribution of NYM tokens was carefully structured to promote fairness, broad participation, and the long-term success of the Nym platform. A portion of the tokens was allocated to private investors, strategic partners, and the Nym team to support the development and growth of the platform.

The remaining tokens are distributed through community driven mechanisms, including a public token sale and airdrops, to encourage wider adoption and decentralization.

  • 36.5 percent: Backers
  • 25 percent: Mining
  • 20 percent: Team
  • 11 percent: Reserved for the community
  • 7.5 percent: CoinList sale

Nym: The future of privacy

Nym's innovative approach to privacy and security in the digital realm, utilizing mixnets, ensures that users have a decentralized infrastructure to protect their online activities and communications from unauthorized access.

The native token, NYM, serves as a fundamental component of the ecosystem, allowing users to stake their tokens, participate in governance decisions, and access additional features. With a dedicated and talented team driving its development and a strong focus on user privacy, Nym has the potential to emerge as a leading player in the evolving crypto landscape, paving the way for a more secure and private digital future.

NYM FAQ

What is Nym?

Nym is a decentralized privacy platform that utilizes a mixnet to protect online activities and communications. By shuffling and encrypting data packets, Nym ensures enhanced privacy and security, making it difficult for third parties to monitor user behavior and trace the origin and destination of data.

What are the benefits of using NYM tokens?

Using NYM tokens provides several benefits. Token holders can participate in staking, which allows them to contribute to the network's security and operation while earning rewards. NYM tokens also enable participation in network governance, giving users a voice in decision-making processes. Additionally, NYM tokens provide access to premium features and services offered by Nym, enhancing the user experience and expanding the range of available functionalities.

Where can I buy NYM?

Easily buy NYM tokens on the OKX TR cryptocurrency platform. OKX TR’s spot trading terminal includes the NYM/USDT trading pair.

You can also swap your existing cryptocurrencies, including XRP (XRP), Cardano (ADA), Solana (SOL), and Chainlink (LINK), for NYM with zero fees and no price slippage by using OKX TR Convert.