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Nym

Nym (NYM)

$ 0.03
1.66 %
Main info
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Analytics
Market cap
$21.86M
1.66 %
Volume (24h)
$1.11M
1.66 %
Circulating supply
817,116,757 NYM
Total supply
1,000,000,000 NYM
Max. supply
1,000,000,000 NYM

Key data

updated $0
Market cap$21.86M
Volume 24h$1.11M
Circulating supply817.12M82% of max 1B
All-time high$5.76-100% from peak · 2022-04-14

Nym (ticker: NYM) is the token behind a decentralized mixnet — a privacy network that hides not just what you send, but the metadata around it: who you are, where you connect from, and when. Your traffic gets wrapped in layers of encryption and shuffled through several independent nodes, so no one can trace it end to end. The NYM token pays for bandwidth on this network and rewards the mix nodes that keep it running.

Frequently asked questions

What is Nym, and how is it different from a VPN or Tor?

Nym is a decentralized mixnet: your traffic is wrapped in multiple layers of encryption and shuffled together with other people's packets as it hops through a chain of mix nodes. Unlike a VPN, no single company can see both who you are and where you're connecting. And unlike Tor, Nym adds cover traffic and mixes packets at every hop, making traffic analysis far harder.

How does the Nym technology and its consensus work?

The mixnet uses the Sphinx packet format: each packet is encrypted in layers and stripped one layer per node, so no single node ever knows both the sender and the destination. The Nym blockchain is built on the Cosmos SDK and secured by validators through proof-of-stake. Mix nodes, in turn, earn rewards via 'proof of mixing' — automated checks that they are genuinely shuffling traffic the way they should.

How is NYM emission structured?

NYM has a hard cap of 1,000,000,000 coins — that is the maximum that will ever exist. Rewards for mix nodes and validators are paid out of this fixed allocation set at launch rather than through unlimited new issuance. In other words, the token cannot be diluted by runaway inflation.

How can you store and use NYM?

Since Nym runs on a Cosmos-based chain, NYM fits naturally into Cosmos wallets like Keplr, as well as hardware wallets and exchanges that support the Cosmos ecosystem. You can delegate your NYM to a mix node and earn a share of its rewards. You can also spend NYM on bandwidth when using the mixnet for private connections.