NYM

NYM (NYM)

Full information about NYM (NYM). Current NYM price in AZN, NYM open/close rates, NYM history charts, NYM market capitalization and volume.

1 NYM = 0.135 ман Azerbaijani Manat (AZN)
0.0792663 AZN

Last updated: 2024-10-01 01:40:00 UTC - about 7 months ago 1 USD = 1.697970 AZN

General information
Global rank:492
Name: NYM NYM
Symbol:NYM
Current coin price (AZN):0.135 ман
Last hour:arrow_upward0.150 %
Last 24 hours:arrow_downward-2.67 %
Last 7 days:-0.060 %trending_down
Capitalisation (AZN):107 551 560.94 ман
Volume 24h (AZN):1 572 975.64 ман
Available supply:799 094 394.00 NYM
Total coin supply:1 000 000 000.00 NYM
Start date:2022-02-09
Last updated: 2024-10-01 01:40:00 UTC - about 7 months ago

NYM/Azerbaijani Manat (NYM/AZN) price chart

NYM/Azerbaijani Manat (NYM/AZN) capitalisation and volume charts

What is it?

Nym Token (NYM):The NYM token is the native utility token for the Nym platform. It is an essential component of the ecosystem and is used for various purposes including incentivization and staking. The token operates on a blockchain, which allows for decentralized and transparent tracking of transactions.

Nym Project:Nym is a privacy-centric platform aiming to offer users enhanced digital anonymity online. The platform's primary focus is on obfuscating user data and making it difficult for third parties to track or decipher. By doing so, Nym aims to bring a higher degree of security and privacy to online interactions, while still ensuring scalability and interoperability with other systems.

What is it used for?

NYM tokens serve a dual role within the platform:

  • Incentivization: Node operators and other participants in the ecosystem are rewarded with NYM tokens for maintaining and ensuring the smooth operation of the network.
  • Staking: To ensure the legitimacy and commitment of node operators, a staking mechanism is employed, where a certain number of NYM tokens need to be locked up as a form of collateral.

Who created it?

The Nym Token (NYM) was created by a team led by Harry Halpin, who is the CEO and Chairman of the Scientific board. Another key member of the team is Claudia Diaz, the chief scientist at Nym.