Cryptocurrencies

Text

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

The NYM coin debuted at an issuance price of $0.50 during its October 2021 ICO, with a total issuance volume capped at 1 billion NYM coins.

Dec 20, 2024 at 05:28 pm

Key Points

NYM (NYM) coin issuance price: $0.50
NYM (NYM) coin issuance volume: 1,000,000,000 NYM
NYM (NYM) coin use cases: privacy-preserving applications

Issuance Price and Volume

Issuance Price: The NYM (NYM) coin was issued at a price of $0.50 during its initial coin offering (ICO) in October 2021.
Issuance Volume: A total of 1,000,000,000 NYM coins were issued during the ICO. This represents the maximum supply of NYM coins that will ever exist.

Use Cases

The NYM (NYM) coin is used to power the NYM mix network, a decentralized network that provides privacy-preserving communications. Users can use NYM coins to:

Pay for mixnet usage: NYM coins are used to pay for mixnet usage, such as sending and receiving messages and exchanging files.
Stake for network security: NYM coin holders can stake their coins to participate in the mixnet's security. Stakers earn rewards for helping to secure the network.
Govern the network: NYM coin holders can vote on proposals to change the network's parameters and governance model.

FAQs

What is the difference between NYM and other privacy coins? NYM is a mixnet, while other privacy coins are typically based on zero-knowledge proofs or ring signatures. Mixnets are more resistant to traffic analysis than other privacy-enhancing technologies.
Is NYM a good investment? The investment potential of NYM depends on a number of factors, such as the adoption of the NYM mix network, the development of the NYM ecosystem, and the overall cryptocurrency market conditions.
Where can I buy NYM? NYM can be purchased on a variety of cryptocurrency exchanges, including Binance, Kraken, and Huobi.

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.

Fear & Greed Index

Trade Now

Biggest Gainers

SHIBTC

$2.7935

71.20%

Trade Now
HT

$1.2011

65.16%

Trade Now
VVAIFU

$0.1394

39.18%

Trade Now
GRIFFAIN

$0.3674

34.89%

Trade Now
FAI

$0.0371

32.54%

Trade Now
ANT

$3.4942

32.01%

Trade Now

Latest Crypto News

These 3 Tokens Could Deliver Explosive Returns This Month
2025-01-01 14:45:01
Chainlink (LINK) Price, Toncoin's Price Target, and BlockDAG's Enticing Bonus Are Capturing Market Interest
2025-01-01 14:45:01
The Best Altcoins to Buy This Month: Qubetics (TICS), Solana (SOL), and Helium (HNT)
2025-01-01 14:35:01
Tether Expands Its Bitcoin Reserves With a $705 Million Purchase, Signaling Growing Institutional Confidence in the Asset
2025-01-01 14:45:01
BTFD Coin: The Next-Generation Meme Coin Powerhouse
2025-01-01 14:35:01
Top 5 Meme Coins to Invest in This Month: BTFD Coin Leads the Pack
2025-01-01 14:45:01

Related knowledge

What is the process of buying Verge(XVG) currency?

Jan 01,2025 at 10:23am

Key Points:Choosing a reputable cryptocurrency exchangeCreating an account and completing identity verificationFunding the account with fiat currency or another cryptocurrencyPlacing a buy order for XVGStoring the XVG securely in a walletProcess of Buying Verge (XVG):1. Choose a Reputable Cryptocurrency Exchange:Consider factors such as security, fees, ...

Learn how to obtain Gravity (G) coins in one article

Jan 01,2025 at 08:11am

Key PointsGravity DEX OverviewMethods for Obtaining Gravity (G) CoinsSwapping other tokens for G coins on Gravity DEXYield farming and staking G coins on Gravity DEXParticipating in Initial Gravity Offerings (IGOs)Obtaining Gravity (G) CoinsSwap Other Tokens for G Coins on Gravity DEXGravity DEX enables the decentralized trading of various cryptocurrenc...

A complete graphic tutorial on how to purchase and obtain Beldex(BDX) coins

Jan 01,2025 at 03:44am

A Comprehensive Guide to Purchasing Beldex (BDX) CoinsKey Points:Understanding Beldex and its Unique FeaturesChoosing a Suitable Exchange for BDX PurchaseStep-by-Step Guide to Purchasing BDX on BinanceAlternative Methods for BDX Acquisition: AtomicDEX and Guarda WalletSecure Storage of BDX Coins in Hardware WalletsFAQs Related to Beldex Purchase and Sec...

Understand the future development of SNEK coin in one article

Jan 01,2025 at 05:01am

Key Points:SNEK Coin: Overview and Current Market StandingFactors Influencing SNEK Coin's Future DevelopmentMarket Analysis and Demand for SNEK CoinTechnological Advancements and SNEK Coin IntegrationRegulatory Environment and Impact on SNEK CoinLong-Term Prognosis of SNEK CoinFAQs: Unveiling the Future of SNEK CoinArticle Content:SNEK Coin: Overview an...

Gravity(G) coin trading app download and detailed usage tutorial

Jan 01,2025 at 08:35am

Gravity (G) Coin Trading App: A Definitive Guide to Download and UsageKey PointsComprehensive guide to downloading and using the Gravity (G) coin trading app.Detailed steps for Android and iOS users, including configuration and beginners' tips.Step-by-step instructions for creating an account, verifying identity, and funding.Explanation of key features ...

SNEK coin trading app download and usage tutorial

Jan 01,2025 at 11:01am

Key Points:Understanding SNEK coin and its trading platformStep-by-step guide to downloading and using the SNEK coin trading appImportant considerations for successful SNEK coin tradingFrequently Asked Questions (FAQs)SNEK Coin: An OverviewSNEK coin is a decentralized cryptocurrency that operates on the Ethereum blockchain. It was created as a means of ...