What is the issuance price and issuance volume of NYM coins?

The initial issuance price of NYM coins was $0.005 USD, with a total issuance volume of 1 billion tokens.

Nov 27, 2024 at 09:06 pm

What is the issuance price and issuance volume of NYM coins?

NYM coin, also known as the "NYM token," is the native cryptocurrency of the NYM blockchain network. NYM is a privacy-focused blockchain that allows users to send and receive transactions anonymously and securely. The NYM coin is used to pay for the network's transaction fees and to reward users who contribute to the network by providing their computing power to run the blockchain.

Issuance Price and Issuance Volume of NYM Coins

The issuance price of NYM coins was $0.005 USD per coin. The total issuance volume of NYM coins is 1 billion tokens. Of this total, 500 million tokens were sold in the initial coin offering (ICO) that was held in 2019, 200 million tokens were allocated to the team and advisors, 150 million tokens were allocated to the NYM foundation for development and research, and 150 million tokens were allocated to the community reserve.

Distribution of NYM Coins

The initial coin offering (ICO) of NYM coins raised $2.5 million USD from investors. The proceeds from the ICO were used to fund the development of the NYM blockchain network and its related technologies such as the Mixnet.

The team and advisors received a total of 200 million NYM tokens in exchange for their work on the development and promotion of the NYM project. The NYM foundation received 150 million NYM tokens to support its development and research efforts. The community reserve received 150 million NYM tokens to support the growth and community around the NYM project and reward users.

Usage of NYM Coins

NYM coins are used to pay for the transaction fees on the NYM blockchain network. The transaction fees are used to reward the users who provide their computing power to run the blockchain and verify the transactions that are submitted to the network.

In addition to being used for transaction fees, NYM coins can also be used to purchase services from the NYM network such as the ability to send and receive anonymous transactions. NYM coins can also be staked by users to earn rewards for their contribution to the network’s security and stability.

NYM Coin Price History

The price of NYM coins has fluctuated since it was first issued in 2019. The price of the NYM token reached an all-time high of $0.10 USD per token in February of 2021 and a low of $0.005 USD per token in March of 2020. The current price of NYM is $0.015 USD per token as of August 18, 2023.