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NYM

NYM

  • Layer1
  • Privacy
  • Infra
Established Year
2018
Headquarter
Britain
Operating Status
Active
Nym is a privacy platform that provides strong network-level privacy against sophisticated end-to-end attackers, and anonymous access control using blinded, re-randomizable, decentralized credentials. It protects privacy at the network layer by encrypting and relaying users' internet traffic through a multi-layered network called a mixnet. In each layer of the mixnet, mix nodes mix users' internet traffic with that of other users, making communications private and hiding metadata such as IP address, who they are talking to, when and where, and more.

Organisation

Financial Portfolio

Funding

Public Sale
0 Investors
$30 M

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    Frequently Asked Questions

    What is NYM?

    NYM is the native token of the Nym mixnet. It is a utility token that rewards nodes for operating the Nym privacy system, providing privacy for users of the Nym network. Users (or their applications and wallets) will use NYM tokens to access the mixnet and have their privacy protected. The fees, collected in NYM, go to a reward pool which is distributed to mixnodes. Mixnodes mix traffic and are rewarded based on their performance and reputation (amount of NYM bonded to their node). Tokenholders can also delegate NYM to mixnodes as a bond, signalling reputation for that node, and earn a share of the mixnode’s rewards. This supports decentralisation and encourages the mixnet to have a high quality of service by involving the broader community in the process of selecting nodes.