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.

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