What is Nym (NYM)?
Nym is a privacy-focused blockchain platform that allows users to protect their online identity and activities. It integrates several privacy technologies, including a mixnet, Coconut signature scheme, Sphinx packet transmission, and the Nyx blockchain. The blockchain was created in 2018 by Harry Halpin and George Danezis.
The project works with a number of high-profile institutions such as the European Commission, Andreessen Horowitz, Binance Labs, etc.
How Nym (NYM) Works
When you use Nym, your online traffic is first encrypted and then sent through a series of servers that are part of the mixnet architecture. Each server in the mixnet only knows the previous and next servers in the chain, making it nearly impossible to trace your online activities back to you.
The platform uses a unique mix of encryption and blockchain technology to ensure that your online activities remain private and secure as follows:
- The mixnet encrypts and mixes Sphinx packet traffic to ensure network-level privacy.
- Coconut signature scheme provides anonymous access control by shifting the paradigm of resource access control from identity-based to privacy-preserving.
- Sphinx packet transmission sends armored, layer-encrypted information packets that are indistinguishable from each other.
- The Nyx blockchain is a general-purpose CosmWasm-enabled smart contract platform that keeps track of the mixnet and provides privacy-enhanced credentials.
NYM token is necessary for running nodes in the Nym platform.
How Many Nym (NYM) Tokens Are in Circulation?
There are 1,000,000,000 NYM tokens in total supply. 391,889,460 NYM tokens are in circulation at the time of writing.
How to Buy Nym (NYM)
Consider investing in Nym (NYM)? It only takes 2 minutes to create an account on Bitget and start trading NYM.
Check out the available NYM trading pairs on Bitget!
Spot market
Nym (NYM) Resources
Simple 3-step guide to buying NYM today in Zambia
Create your free Bitget account
Select a funding method
Complete your Nym purchase
Step 1: Create a free account on the Bitget website or the app
Step 2: Place an order for Nym using a payment method of your choice:
Buy Nym with a debit/credit card
For Visa or Mastercard, select Credit/Debit card, then click Add New Card under the "Buy" tab
Credit/Debit in the Buy Crypto tab of the Bitget app
Credit/Debit in the Buy Crypto tab of the Bitget websiteSelect your preferred fiat currency, enter the amount you wish to spend, link your credit card, and then complete your payment with zero fees.
Add a new card to complete your payment on the Bitget app
Enter your bank card details to complete your payment on the Bitget websiteFor Diners Club/Discover card, click Buy Crypto > [Third Party] in the top navigation bar to place your Nym order.
How to buy crypto with credit/debit cardBuy Nym with Google Pay or Apple Pay
Converting your Google Pay and Apple Pay balance into Nym is easy and secure on Bitget. Simply click Buy Crypto > [Third Party] in the top navigation bar to place your Nym order.How to buy crypto via third-party gatewayBuy with bank transfer
We accept various payment methods, including iDeal and SEPA for EUR, PIX for BRL, PayID for AUD, UPI for INR, QRIS, DANA, and OVO for IDR, SPEI for MXN, and GCash for PHP. These services are facilitated by Alchemy Pay, Banxa, Mercuryo, and Simplex payment gateways. Simply select Buy Crypto > [Third Party] in the top navigation bar and select a fiat currency to place your Nym order.Buy Nym with the fiat balance in your Bitget account
You can Deposit fiat funds using Advcash, SEPA, Faster Payments, or PIX payment gateways to top up your Bitget fiat balance. Then, click Buy Crypto > [Cash conversion] in the top navigation bar to place your Nym order.P2P trading
With Bitget P2P, you can buy crypto using over 100 payment methods, including bank transfers, cash, and e-wallets like Payeer, Zelle, Perfect Money, Advcash, and Wise. Simply place an order, pay the seller, and receive your crypto. Enjoy secure transactions with escrow protection.How to buy crypto on Bitget P2P
Step 3: Monitor Nym in your Bitget spot wallet
Bitget—where the world trades Nym
How to buy Nym for free
- Learn how to earn Nym for free through the Learn2Earn promotion
- Earn free Nym by inviting friends to join Bitget's Assist2Earn promotion
- Receive free Nym airdrops by joining On-going challenges and promotions
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FAQ
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