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NYM NYM Price

$0.061

-2.99%

$0.061

24h Range

$0.065

Market Cap

$49,545,395.0

Fully Diluted Valuation

$61,375,435.4

24 Hour Trading Vol

$1,077,515.5

Circulating Supply

807,251,217.6

Total Supply

1,000,000,000.0

Max Supply

1,000,000,000.0

Info

NYM Price Statistics

NYM Price

$0.061

24h Range

$0.061 - $0.065

Percent Change 1h

-0.03%

Percent Change 24h

-2.99%

Percent Change 7d

5.17%

All-time high

$5.76

All-time low

$0.049

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About NYM

What is NYM (NYM)?

NYM (NYM) is a privacy-focused cryptocurrency that aims to enhance user anonymity and security in the digital realm. As of 2024, it operates on a decentralized network that allows users to route their internet traffic through a mixnet, obscuring their IP addresses and providing a layer of protection against surveillance and tracking. NYM employs advanced cryptographic techniques, such as zero-knowledge proofs, to ensure that users can interact with blockchain applications without exposing their identities or transaction details. The token (NYM) is used to pay for services on the network, incentivizing participants to maintain the infrastructure and enhance overall privacy.

Who are the Founders of NYM?

NYM was co-founded by a team of individuals with a strong background in cryptography and privacy technologies. The notable founders include:

  • Harry Halpin: An expert in web privacy and decentralized technologies, Halpin has worked on various initiatives in the blockchain and privacy space.
  • Giorgio Patrini: A researcher and entrepreneur focused on privacy-enhancing technologies, Patrini brings extensive experience in developing decentralized protocols.
  • Other Contributors: The team includes various researchers and developers committed to privacy and security, contributing to the project's growth and development.

How does NYM Work?

NYM operates on a unique mixnet architecture that routes user traffic through a series of nodes, obfuscating the original source of the data. The process involves several key components:

  • Mixnet: NYM uses a mixnet to shuffle and encrypt user data, making it difficult for adversaries to trace the traffic back to its origin.
  • Decentralized Nodes: Participants in the network run nodes that process and route traffic. These nodes are incentivized with NYM tokens for their services, creating a robust decentralized infrastructure.
  • Privacy Credentials: NYM employs zero-knowledge proofs to verify user credentials without revealing their identities, ensuring that users can prove their eligibility for certain services without compromising their privacy.

Through this layered approach, NYM provides users with a secure and private environment for conducting transactions and interacting with decentralized applications (dApps).

Top Use Cases of NYM

NYM’s privacy features make it suitable for various applications. Some of the top use cases include:

  • Anonymous Transactions: NYM can be used for conducting transactions without revealing the identities of the parties involved, making it ideal for users who prioritize financial privacy.
  • Secure Messaging: By leveraging NYM's infrastructure, developers can create secure messaging applications that protect user conversations from eavesdropping.
  • Decentralized Finance (DeFi): NYM allows DeFi applications to provide users with privacy features, enabling them to trade and lend assets without exposing their identities.
  • Content Sharing: Users can share content anonymously, ensuring that their identities remain hidden, which is particularly useful for whistleblowers or activists.
  • Enhanced Internet Browsing: NYM can be integrated into web browsers to provide an anonymous browsing experience, protecting users from tracking and data collection.

How to Keep your NYM Safe?

Ensuring the safety of your NYM tokens and your privacy while using the NYM network involves several best practices:

  • Use a Hardware Wallet: Store your NYM tokens in a hardware wallet, which provides an added layer of security against hacks and malware.
  • Enable Two-Factor Authentication (2FA): If available, enable 2FA on exchanges and wallets to prevent unauthorized access to your accounts.
  • Keep Software Updated: Regularly update your wallet software and any applications that interact with NYM to protect against vulnerabilities.
  • Be Cautious with Public Wi-Fi: Avoid accessing your NYM wallet over public Wi-Fi networks; use a VPN or a secure connection to enhance your privacy.
  • Educate Yourself: Stay informed about the latest developments in the NYM ecosystem and general cybersecurity practices to protect your assets and privacy effectively.

How to Invest in NYM (NYM)?

Investing in NYM (NYM) or any other cryptocurrency involves several steps:

1Choose a Reliable Exchange: Select a reputable cryptocurrency exchange platform like Coinbase, Binance, or Okx. These platforms allow you to buy, sell, and trade cryptocurrencies.

2Create an Account: Sign up for an account on your chosen exchange by providing the necessary personal information and completing the verification process.

3Fund Your Account: Deposit funds into your exchange account using various methods like bank transfers, credit/debit cards, or wire transfers.

4Buy NYM: Once your account is funded, you can purchase NYM directly from the exchange. Choose the desired amount and complete the transaction.

Investing in NYM (NYM) Using Botsfolio:

Botsfolio is a platform that automates cryptocurrency investments using trading bots. To invest in NYM using Botsfolio, follow these steps:

  • Create a Botsfolio Account: Sign up for a free account on the Botsfolio platform.
  • Create Portfolio: Select an investment type from available options such as Premade crypto portfolios OR Custom crypto portfolio.
  • Connect Your Exchange: Link your chosen cryptocurrency exchange account to Botsfolio through fast connect or API key to enable seamless investing.

Botsfolio allows you to automate your cryptocurrency investments, potentially saving time and effort while optimizing your trading strategies.

What is the Price Prediction for NYM (NYM) in the Long Term?

NYM (NYM) is currently trading at $0.061 and exhibits good potential for future growth. Check the latest NYM (NYM) price prediction.

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