NYM
NYM

Nym price

$0.10267
-$0.00020
(-0.20%)
Price change from 00:00 UTC until now
USDUSD
USD
1h
24h
1W
1M
1Y
All

Nym market information

Market cap
$81.55M
Circulating supply
794,804,260 NYM
Market cap ranking
199
24h high
$0.10377
24h low
$0.10167
All-time high
$8.5000

Nym price performance in USD

The current price of Nym is $0.10267. Since 00:00 UTC, Nym has decreased by -0.19%. It currently has a circulating supply of 794,804,260 NYM and a maximum supply of 1,000,000,000 NYM, giving it a fully diluted market cap of $81.55M. At present, Nym holds the 199 position in market cap rankings. The Nym/USD price is updated in real-time.
Today
-$0.00020
-0.20%
7 days
-$0.00593
-5.46%
30 days
-$0.02913
-22.10%
3 months
-$0.07843
-43.31%

About Nym (NYM)

3.2/5
Certik
3.5
07/18/2024
CyberScope
3.7
07/18/2024
TokenInsight
2.5
03/26/2023
The rating provided is an aggregated rating collected by OKX from the sources provided and is for informational purpose only. OKX does not guarantee the quality or accuracy of the ratings. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly, and can even become worthless. The price and performance of the digital assets are not guaranteed and may change without notice. Your digital assets are not covered by insurance against potential losses. Historical returns are not indicative of future returns. OKX does not guarantee any return, repayment of principal or interest. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/ tax/ investment professional for questions about your specific circumstances.
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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.

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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 cryptocurrency platform. OKX’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 Convert.

How much is Nym worth today?
Currently, one Nym is worth $0.10267. For answers and insight into Nym's price action, you're in the right place. Explore the latest Nym charts and trade responsibly with OKX.
What is cryptocurrency?
Cryptocurrencies, such as Nym, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Nym have been created as well.