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What can you do with Nym?
Store/Hold Nym
Many users hold on to their Nym with the expectation of it increasing in value. You can store your NYM safely on your Bitget account or on our crypto wallet app BG Wallet, the most user-friendly and secure mobile wallet.
Trade Nym
You can trade Nym for 150+ cryptocurrencies on Bitget’s industry-leading, fast, and secure trading platform. Bitget offers many trading pairs for Nym trading to meet your needs.
Send Nym
Yes, Bitget allows you to easily transfer value around the world, fast. You can buy Nym online and send to anyone and anywhere with their Nym address.
Spend Nym
You can also buy goods and services with your Nym. More and more vendors and retailers accept Nym every day.
Donate Nym
Bitget Charity accepts Nym donations for global projects that aim to improve the lives of people in the bottom billion. You can donate Nym so no one misses out on the growth made possible by blockchain.
Learn More About Nym
You can read more in-depth articles on Nym from Bitget Research and study how cryptocurrencies like Nym work on Bitget Academy
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What is Nym (NYM)?
Nym is a privacy-focused blockchain platform that allows users to protect their online identity and activities. It integrates several privacy technologies, including a mixnet, Coconut signature scheme, Sphinx packet transmission, and the Nyx blockchain. The blockchain was created in 2018 by Harry Halpin and George Danezis.
The project works with a number of high-profile institutions such as the European Commission, Andreessen Horowitz, Binance Labs, etc.
How Nym (NYM) Works
When you use Nym, your online traffic is first encrypted and then sent through a series of servers that are part of the mixnet architecture. Each server in the mixnet only knows the previous and next servers in the chain, making it nearly impossible to trace your online activities back to you.
The platform uses a unique mix of encryption and blockchain technology to ensure that your online activities remain private and secure as follows:
- The mixnet encrypts and mixes Sphinx packet traffic to ensure network-level privacy.
- Coconut signature scheme provides anonymous access control by shifting the paradigm of resource access control from identity-based to privacy-preserving.
- Sphinx packet transmission sends armored, layer-encrypted information packets that are indistinguishable from each other.
- The Nyx blockchain is a general-purpose CosmWasm-enabled smart contract platform that keeps track of the mixnet and provides privacy-enhanced credentials.
NYM token is necessary for running nodes in the Nym platform.
How Many Nym (NYM) Tokens Are in Circulation?
There are 1,000,000,000 NYM tokens in total supply. 391,889,460 NYM tokens are in circulation at the time of writing.
How to Buy Nym (NYM)
Consider investing in Nym (NYM)? It only takes 2 minutes to create an account on Bitget and start trading NYM.
Check out the available NYM trading pairs on Bitget!
Spot market
Nym (NYM) Resources
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