Question 1

What is the $NYM token used for?

Accepted Answer

$NYM is the utility token of the Nym network. It supports network participation and incentives (including staking and supporting node operations) and can be used for fees and other network-level functions where applicable.

Question 2

How do I buy $NYM tokens?

Accepted Answer

$NYM can be purchased through supported exchanges and marketplaces. Availability varies by region and by token format (native vs ERC-20). Always verify the trading venue and token format before purchasing.

Question 3

What is the total supply of $NYM?

Accepted Answer

The maximum supply of $NYM is 1,000,000,000 tokens.

Question 4

How does $NYM staking work?

Accepted Answer

Staking generally involves delegating $NYM to support node operations or network security (depending on the network mechanism). Rewards and requirements can vary based on network parameters and the operator you support.

Question 5

What is the difference between native NYM and ERC-20 NYM?

Accepted Answer

Native NYM refers to tokens on the Nyx (Cosmos-based) chain, while ERC-20 NYM refers to tokens on Ethereum. Different venues and apps may support one format or the other, and bridging/swap tooling may be available depending on the ecosystem.

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Nym staking

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Learn more about $NYM

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