Be anonymous and let people know – the Swiss decentralization protocol has just announced the terms of its initial public token sale. By putting confidentiality and anonymity at the heart of its concerns, the NYM network will eventually be able to demonstrate the scope of its capabilities. Starting next week, become a more ethical Internet actor
This article is provided to you as part of an educational outreach campaign supported by NYM.
Cryptocurrency projects that protect your privacy on the Internet
Neuchâtel's startup is built around an idea that is simple to say but very complex to implement The privacy of your digital life. To solve this problem, Harry Halpin's team has been working since 2017 to create a distributed anonymity network called Mixnet.
Inspired by the revolutionary ideas of the first cryptocurrency punk, this new generation protocol mixes several concepts that exist in the cryptocurrency ecosystem. We're talking about blockchain and native tokens here, but most importantly – and this is a novelty – a new consensus mechanism: hybrid proofs – or hybrid proofs. For more technical details, see this article published last November.
Nym wants to protect your privacy online
Highlights of the public offering
As a result, the company recently issued all of its tokens based on the smart contract network it developed for Cosmos, the "Nyx Chain". 1 billion NYM, of which 75 million will be offered to the public. People who want to participate in the actual implementation of the network have been waiting for it for a long time. We now know that it will be hosted by the Coinlist exchange, as follows.
Two options are available.
- Date: February 9 at 6 pm UTC (7 pm in Paris)
- Price: $0.50 per token
- Token Name: NYM
- Minimum/maximum: $100 minimum, $500 maximum
- Lock-in period: Release on your Coinlist wallet on or about March 31, 2022
- Quantity: 50M
- Date: February 9, 23:00 UTC (midnight in Paris)
- Price: $0.25 per token
- Token Name: NYM
- Minimum/maximum: $100 minimum, $1000 maximum
- Lock-in period: 2-year quarterly release starting May 3, 2022. Requires a local NYM wallet on the Cosmos network.
- Quantity: 25M
Please note that to participate, you must be registered on Coinlist by February 6 at 23:59 UTC.
Uses of NYM tokens on the Mixnet network
NYM tokens are the core of the ecosystem
Buy NYM, yes Do what ? Immediately forget any idea of speculation around this token. In fact, it is not intended to be a payment intermediary outside the NYM network itself. On the other hand, it has many uses for those who want to participate in the smooth running of the project.
- The owner of the mix-node must personally pledge NYM there to ensure its efficiency to ensure the proper functioning of the network. The importance of its participation will give it a certain prestige that will attract future pledgers. He will be paid in exchange for his investment.
- The owner of NYM can delegate them (pledgers) to a hybrid node of his choice in order to increase his efficiency. As a result, he will receive a portion of the reward proportional to his participation.
- Finally, the end user of the network will have to spend NYM to enjoy a completely anonymous and secure Internet.
As you know, by purchasing and using your NYM, you will become part of a more secure, confidential and anonymous system. The startup has become a benchmark in the field, with prominent economic players bringing a bright future to the table. This starts on February 9.
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