The NYM Token: Powering the world's most private network.
$NYM is the utility token used to align incentives between Nym Network participants. Think of it as a specific currency that NymVPN users exchange for their unlinkable access credentials. On the provider side, $NYM is also used to reward Nym node operators for running server. Nyx blockchain validators and Nym-node stakers are also rewarded in $NYM for securing the mixnet.
NYM Enables
Anonymous network access
The Nym token is the basis of the issuance of zk-nym access credentials. These zero-knowledge proofs allow people to pay for NymVPN or use the network without linking any personal information.
Learn more!
Stake & earn rewards
Delegate $NYM to support node operators routing traffic through the Nym network. Earn rewards from your staking hourly, and participate in a rapidly growing, token-incentized privacy ecosystem.
Start staking today!
Running Nym nodes
Earn Nym token rewards for your work in routing user traffic and sustaining the world's most private network. Simply set up a node with Nym software and pledge some Nym token to it as a gesture of confidence.
Dive into the Nym Documentation!
Block validator fees
Nym tokens are used to pay block validators of the Nyx blockchain. Validators secure the decentralised and transparent financial transaction layer of the Nym network.
Tokenomics
Staking
$NYM is unique
Incentivizes the world's most secure network
Facilitates a perpetual buyback mechanism
Stakeable on Nym network nodes
Fully unlocked & deflationary
Blockchain powered by Cosmos SDK
Explore the Nym network
Where you can get NYM tokens
You can get NYM tokens from these exchanges
Start staking with the Nym Wallet today!
Nym tokenomics
Powering a decentralized privacy ecosystem.
How NymVPN usage powers the network?
Creates NYM token buy pressure
All payments (whether in fiat or crypto) are converted to NYMs, anonymizing users and increasing NYM buy pressure
Rewards node operators
All node operators of the network and community members are rewarded in NYM from the mixmining pool for their work
Perpetual buyback
NymVPN subscription purchases are converted to $NYM via a perpetual buyback mechanism, creating a positive feedback loop to enable network scaling.
Learn more about NYM
The Value of NYM: The spice powering our network
The real world value of the token behind NymVPN
NYM token flow: Powering the most private network
Delivering value to NymVPN users, operators, and builders
Nym has a perpetual buyback mechanism in place
Nym token buyback concluding ahead of NymVPN launch
Nym’s zero-knowledge network: No logging promises needed
Turning a VPN no log’s policy into a network design and guarantee
Wondering about how NYM works?
Where can I get NYM tokens?
Where can I get NYM tokens?
NYM is available on a number of exchanges, including native NYM on Bitfinex on Kraken, and ERC-20 on Bitfinex, Bybit, Gate.io, and HTX.
You can also get native NYM tokens by joining Nym community channels and earn token by contributing to the seasonal challenges and missions.
Is NYM a privacy coin?
Is NYM a privacy coin?
No, NYM is not a privacy coin. It is a token that runs a global decentralized mixnet, which offers network layer privacy for any other coin, wallet, chain, or application in general. A mixnet is an anonymous overlay network, similar to Tor or I2P, that is built on top of existing Internet protocols like TCP/IP and UDP.
Whether Bitcoin, ZCash, or Flow, no current “layer 1 blockchain” provides “layer 0 privacy” for the peer-to-peer broadcasts used in every transaction. Nym can provide network-level privacy for any blockchain and other generic applications. From Bitcoin to instant messaging, developers can build their applications on top of Nym to provide network-level privacy for their users.
Is the NYM token legal?
Is the NYM token legal?
Yes, NYM is perfectly legal and available on a number of reputable exchanges. Nym Technologies has a registered prospectus for the token in Switzerland. Nym Technologies is also based in Switzerland and fully compliant with Swiss law.
What is staking in Nym?
What is staking in Nym?
Staking is a common practice for tokenized, decentralized networks. It entails temporarily locking up some tokens in order to, for example, signal preference, confidence, or trust by making a temporary economic bet on something.
In the case of the Nym network, staking means you are temporarily depositing some NYM tokens on a specific node as a signal of confidence in its performance. This stake becomes a trust score for a Nym node and can improve its chances of being selected to route user traffic and earn rewards.
As a staker, you earn a share of those rewards. You are therefore incentivized to stake on nodes that perform well. By doing so, you are contributing to optimizing a global privacy network!
What APY can I expect from staking?
What APY can I expect from staking?
Staking APY varies significantly depending on which node you stake on. You can browse and search through nodes in the new explorer with improved staking.
Things to look out for:
- Performance score should be between 90-100%
- Versioning: Make sure the node is running up to date software (the latest binary is listed in Harbourmaster)
- T&Cs: Make sure the node has agreed to these, otherwise they will not be selected and will not earn you any rewards
- Stake saturation is when a node is fully saturated, after which there will be diminishing returns. You do not want to stake on a node that is too close to full saturation. Stake saturation point is currently around 1.1mil NYM, so aim for nodes in the mid-range to allow for compounding.
- Stake composition, if possible, check how many other stakers stake on the node. If it has one whale staker, you might be vulnerable to them suddenly removing their stake.
- Delegations program participant: If you are still in doubt, a safe bet is always to look at whether a node is in the official Nym Delegations Program. If yes, you can rest assured they meet basic performance and config requirements.
