Nym
NYM
Nym Feed: Events, News & Roadmap
Nym to Hold AMA on X on May 16th
Nym is partnering with Midnight to host an AMA on X on May 16th. The collaboration is set to focus on data protection matters. Mauricio Magaldi, the p…
Nym to Participate in Berlin Blockchain Week in Berlin
Nym is set to participate in the upcoming Berlin Blockchain Week, taking place in Berlin on May 23rd. The event, which is being organized by Lens Prot…
Nym to Host Community Call on May 9th
Nym is set to host a community call featuring Maud Bannwart, the COO of Alephium, and Vlad Moshnyager, the CMO. Alephium, a long-term partner of Nym, …
Nym to Hold AMA on X on May 8th
Nym’s product head Marc Debizet and COO Alexis Roussel will host an AMA on X on May 8th at 10:00 UTC. The discussion will primarily revolve around the…
Nym to Release NymVPN in Q3
Nym is planning to fully launch its NymVPN by late summer to fall. The full launch is expected to introduce additional features to the product.
Nym to Hold AMA on X on April 30th
Nym will host an AMA on X featuring the director of Fight for the Future Evan Greer. The event will take place on April 30th at 14:00 UTC
Nym Partners With Aleo
Nym has partnered with Aleo, a leading company in privacy-focused blockchain. Leo Wallet will support this partnership. The collaboration will utilize…
Nym to Perform Mixnet Mainnet Test on March 20th
Nym is set to conduct a Mixnet mainnet performance test on March 20th. The results of this test will provide valuable insights into the functionality …
Nym to Hold AMA on X on March 13th
Nym is integrating with Mystic Labs to host an AMA on X on March 13th. The founder of Mystic Labs, will be participating in the session on the 13th of…
Nym to Release NymVPN Alpha in February
Nym is set to privately launch the alpha version of NymVPN in February.
Nym to Hold AMA on X on January 30th
Nym will host an AMA on X on January 30th at 14:30 UTC. The product lead and DevRel will be discussing the latest in product development.
Nym to Participate in Web3 Hub Davos 2024 in Davos on January 15th
Nym’s COO, Alexis Roussel, is scheduled to participate in the Web3 Hub Davos 2024 conference in Davos on January 15th at 1 pm UTC. Alexis Roussel will…
Nym to Present NymVPN App on December 28th
Nym is set to provide a first glimpse of the mixnet and the new NymVPN app at the Lightning Talk stage on December 28th at 3:45pm UTC.
Nym to Hold AMA on X on December 12th
Nym will host an AMA on X with Firo on December 12th at 9:30 am UTC. The discussion will focus on the use of Firo over the Nym mixnet, a method that n…
Nym to Start Delegation Programme v.2.0
Nym has announced the launch of its Delegation Programme 2.0. The purpose of this initiative is to enhance the redundancy of the Nym network and to re…
Nym to Participate in Binance Blockchain Week in Istanbul on November 8th
Nym’s representative, Alexis Roussel, will participate in the Binance Blockchain Week conference in Istanbul which will take place on November 8th-9th…
Nym to Participate in Web Summit in Lisbon on November 16th
Nym’s CEO, Harry Halpin, and security consultant, Chelsea Manning, are scheduled to attend the Web Summit in Lisbon, on November 16th. They will be pa…
Nym Releases Monthly Report for October
Nym has released its October report in video format on YouTube. The newsletter includes a highlights video that summarizes the activities and developm…
Nym to Launch Zk-Nyms Credentials Purchase Client in November
Nym is preparing to launch a client for zk-nyms credentials purchase. This new feature is expected to be available in early November.
0.56% of NYM Tokens Will Be Unlocked on November 2nd
Nym will unlock 3,130,000 NYM tokens on November 2nd, constituting approximately 0.56% of the currently circulating supply.
Nym Events on the Chart
What is Nym?
Users employ NYM tokens to gain access to the mixnet, consequently improving the privacy of their data. NYM is also used as a reward for mix nodes in exchange for their services in traffic mixing and privacy assurance for Nym network users.
Fees accumulated in NYM are directed to a reward pool and later distributed amongst mix nodes, based on their performance and reputation. Each mix node's reputation is quantified in NYM tokens.
Moreover, users have the option to delegate their NYM tokens to mix nodes. This action serves as a validation of a mix node's reputation and grants the user a portion of the mix node's rewards. Users are encouraged to delegate their NYM to nodes that consistently deliver quality services as it increases their likelihood of earning rewards.
However, it should be noted that NYM is not a general-purpose payment mechanism or a typical cryptocurrency, such as Bitcoin. Its utilization is exclusively intended for activities within the Nym network.