-
Bitcoin $97,970.9091
-1.41% - Ethereum
$2,767.0629
-0.60% - XRP
$2.4957
-4.81% - Tether USDt
$1.0003
-0.03% - Solana
$201.3854
-7.06% - BNB
$569.8499
-2.21% - USDC
$1.0000
0.00% - Dogecoin
$0.2628
-2.24% - Cardano
$0.7614
0.23% - TRON
$0.2248
0.36% - Chainlink
$19.6054
-4.59% - Avalanche
$26.5027
-1.52% - Sui
$3.5130
-4.14% - Stellar
$0.3384
-3.71% - Hedera
$0.2518
-2.25% - Toncoin
$3.8467
-0.88% - Shiba Inu
$0.0...01609
2.46% - UNUS SED LEO
$9.8177
0.34% - Hyperliquid
$26.8878
1.32% - Litecoin
$107.7592
4.84% - Bitget Token
$6.6034
1.46% - Polkadot
$4.8060
0.19% - Bitcoin Cash
$333.8089
-0.05% - Ethena USDe
$0.9997
0.00% - Uniswap
$9.3759
0.71% - MANTRA
$5.6704
-2.89% - Dai
$1.0000
0.02% - Ondo
$1.3716
-3.89% - Pepe
$0.0...01017
-1.58% - Monero
$220.4267
-5.24%
What is the issuance and circulation of NYM coins?
NYM coins were initially distributed through a public token sale in 2020, with a total of 1 billion coins created, 50% sold and the remainder managed by the supporting non-profit NYM Foundation.
Dec 01, 2024 at 06:42 am
What is the Issuance and Circulation of NYM Coins?
Introduction
NYM is a decentralized privacy network that enables users to send and receive messages, make payments, and interact with decentralized applications (dApps) without revealing their IP addresses or other identifying information. NYM coins are the native cryptocurrency of the NYM network and are used to incentivize participation in the network and to pay for transaction fees.
Issuance
NYM coins were first issued in 2020 through a public token sale. A total of 1 billion NYM coins were created, and approximately 50% were sold during the token sale. The remaining 50% of NYM coins are held by the NYM Foundation, which is a non-profit organization that supports the development and adoption of the NYM network.
Circulation
As of January 2023, there are approximately 400 million NYM coins in circulation. This number is expected to increase over time as more people adopt the NYM network and use NYM coins to pay for transactions.
Use Cases
NYM coins can be used for a variety of purposes, including:
- Paying for transaction fees: NYM coins are required to pay for transaction fees on the NYM network. These fees are used to incentivize miners to process transactions and to maintain the security of the network.
- Staking: NYM coins can be staked to earn rewards. Staking helps to secure the NYM network and to ensure that the network remains decentralized.
- Governance: NYM coins can be used to vote on proposed changes to the NYM network. This allows NYM coin holders to have a say in the future development of the network.
Conclusion
NYM coins are an essential part of the NYM network. They are used to incentivize participation in the network, to pay for transaction fees, and to stake to earn rewards. NYM coins are also used for governance, which allows NYM coin holders to have a say in the future development of the network.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
- Dogecoin (DOGE) Teeters on the Brink: Recovery Potential vs. Bearish Continuation
- 2025-02-05 23:51:01
- The Official Trump Price Breaks Above A Negative Trend Line
- 2025-02-05 23:51:01
- Zeus Network: A Safer Way To Use BTC in DeFi
- 2025-02-05 23:51:01
- Alpha (ALPHA) Price Prediction 2025-2027: Can This Memecoin Maintain Its Momentum?
- 2025-02-05 23:51:01
- Rexas Finance (RXS) Unlocks Trillion-Dollar Market Potential with RWA Tokenization: 253,690% Growth Forecast
- 2025-02-05 23:51:01
- DTX Exchange Emerges as a New DeFi Project Attracting Massive Capital, While Shiba Inu (SHIB) and Ripple (XRP) Struggle
- 2025-02-05 23:46:02
Related knowledge
When was Litecoin issued?
Feb 04,2025 at 02:36am
When was Litecoin Issued?Key Points:Litecoin's inception and developmentLitecoin's launch date and market dynamicsLitecoin's technical specifications and key featuresLitecoin's Inception and DevelopmentLitecoin, conceived by former Google engineer Charlie Lee, emerged as a fork of Bitcoin in October 2011. Inspired by Bitcoin's revolutionary blockchain t...
Which is better, Litecoin or Tron?
Feb 04,2025 at 10:30pm
Key Points:Similarities between Litecoin and Tron: Decentralized, open-source blockchain platformsDifferences between Litecoin and Tron: Use cases, consensus mechanisms, transaction speedsFactors to consider when choosing between Litecoin and Tron: Investment goals, risk tolerance, specific use casesPotential benefits and drawbacks of Litecoin and Tron:...
How to buy and trade Litecoin?
Feb 04,2025 at 12:24pm
Key Points:Understand the Basics of LitecoinSelect a Suitable Cryptocurrency ExchangeCreate an Account on the ExchangeFund Your AccountPlace a Buy Order for LitecoinSecurely Store Your LitecoinUnderstand Litecoin TradingHow to Buy Litecoin?1. Understand the Basics of LitecoinLitecoin (LTC) is a decentralized digital currency similar to Bitcoin.Created i...
Which has better potential, Litecoin or Ethereum?
Feb 04,2025 at 05:30pm
Key Points:Litecoin and Ethereum are two of the most popular cryptocurrencies in the world.Both coins have their own unique advantages and disadvantages.Litecoin is a faster and cheaper transaction coin than Ethereum.Ethereum is a more versatile platform than Litecoin, and it can be used to create decentralized applications (dApps).Litecoin has a long h...
What country is the founder of Litecoin from?
Feb 04,2025 at 05:55am
Key Points:Litecoin's Founder and the Relationship with Charles LeeLitecoin's Technical Features and Similarities to BitcoinLitecoin's Role in the Cryptocurrency Ecosystem and Its PopularityComparative Analysis of Litecoin with Major CryptocurrenciesLitecoin's Community Involvement and PartnershipsArticle Content:Litecoin's Founder and the Relationship ...
Which is better, Litecoin or Ripple?
Feb 04,2025 at 08:00pm
Key Points:Litecoin: a decentralized, peer-to-peer cryptocurrency based on the Proof-of-Work consensus mechanismRipple: a centralized, enterprise blockchain solution designed for fast and low-cost paymentsDirect comparison of Litecoin vs. Ripple in terms of technology, market capitalization, use cases, and transaction feesPotential benefits and drawback...
When was Litecoin issued?
Feb 04,2025 at 02:36am
When was Litecoin Issued?Key Points:Litecoin's inception and developmentLitecoin's launch date and market dynamicsLitecoin's technical specifications and key featuresLitecoin's Inception and DevelopmentLitecoin, conceived by former Google engineer Charlie Lee, emerged as a fork of Bitcoin in October 2011. Inspired by Bitcoin's revolutionary blockchain t...
Which is better, Litecoin or Tron?
Feb 04,2025 at 10:30pm
Key Points:Similarities between Litecoin and Tron: Decentralized, open-source blockchain platformsDifferences between Litecoin and Tron: Use cases, consensus mechanisms, transaction speedsFactors to consider when choosing between Litecoin and Tron: Investment goals, risk tolerance, specific use casesPotential benefits and drawbacks of Litecoin and Tron:...
How to buy and trade Litecoin?
Feb 04,2025 at 12:24pm
Key Points:Understand the Basics of LitecoinSelect a Suitable Cryptocurrency ExchangeCreate an Account on the ExchangeFund Your AccountPlace a Buy Order for LitecoinSecurely Store Your LitecoinUnderstand Litecoin TradingHow to Buy Litecoin?1. Understand the Basics of LitecoinLitecoin (LTC) is a decentralized digital currency similar to Bitcoin.Created i...
Which has better potential, Litecoin or Ethereum?
Feb 04,2025 at 05:30pm
Key Points:Litecoin and Ethereum are two of the most popular cryptocurrencies in the world.Both coins have their own unique advantages and disadvantages.Litecoin is a faster and cheaper transaction coin than Ethereum.Ethereum is a more versatile platform than Litecoin, and it can be used to create decentralized applications (dApps).Litecoin has a long h...
What country is the founder of Litecoin from?
Feb 04,2025 at 05:55am
Key Points:Litecoin's Founder and the Relationship with Charles LeeLitecoin's Technical Features and Similarities to BitcoinLitecoin's Role in the Cryptocurrency Ecosystem and Its PopularityComparative Analysis of Litecoin with Major CryptocurrenciesLitecoin's Community Involvement and PartnershipsArticle Content:Litecoin's Founder and the Relationship ...
Which is better, Litecoin or Ripple?
Feb 04,2025 at 08:00pm
Key Points:Litecoin: a decentralized, peer-to-peer cryptocurrency based on the Proof-of-Work consensus mechanismRipple: a centralized, enterprise blockchain solution designed for fast and low-cost paymentsDirect comparison of Litecoin vs. Ripple in terms of technology, market capitalization, use cases, and transaction feesPotential benefits and drawback...
See all articles
