Nym is developing the infrastructure to prevent data leakage from existing internet protocols. It does so by protecting every packet’s metadata at the network and application layers. Specifically, Nym protects against even the most powerful network adversaries that can observe every packet going in and out of your internet connection. With Nym, you can use the internet without fear of being watched.

A few reasons to be excited about Nym:

Protect privacy at the network layer - Nym protects privacy at the network layer by encrypting and relaying your internet traffic through a multi-layered network called a mixnet. In each layer of the mixnet, mix nodes mix your internet traffic with that of other users, making communications private and hiding your metadata (e.g., your IP address, who you talk to, when and where, and more).
Incentivized and decentralized - The Nym mixnet is incentivized and decentralized. Nym includes a reward mechanism called “proof of mixing” where users can pledge an initial amount of NYM (the native token on the Nym network) to run a mix node, and then get rewarded in NYM tokens based on quality of service, doing the work of mixing packets and providing privacy for end users.
Works with any application - From Bitcoin to ZCash, no current “layer 1” blockchain provides “layer 0 privacy” for the peer-to-peer broadcasts used in every transaction that can resist even an adversary that can observe the entire network. Nym can provide network-level privacy for any blockchain and other generic applications.

NYM is the native token of the Nym mixnet. It is a utility token that rewards mix nodes for mixing traffic and providing privacy for users of the Nym network. Users will use NYM tokens to access the mixnet and send their data through it. The fees, collected in NYM, go to a reward pool which is distributed to mix nodes. Mix nodes are rewarded based on their performance and the amount of NYM bonded to their node. People can delegate NYM to mix nodes as a bond signaling reputation for that node and earn a share of the mix node rewards. This supports decentralization and encourages the mixnet to have a high quality of service by involving the broader community in the process of selecting nodes.

Nym is a next generation privacy infrastructure. The aim is to defeat surveillance in the age of machine learning algorithms and powerful network wide monitoring.

The Nym sale on Coinlist begins on February 9, 18:00 UTC and includes two options:

Option 1:

Date: February 9, 18:00 UTC
Price: $0.50 per token
Asset: NYM token
Min/max: $100 min, $500 max
Lockup: Fully liquid on/around March 31, 2022 on CoinList-hosted wallets.
Supply: 50M

Option 2:

Date: February 9, 23:00 UTC
Price: $0.25 per token
Asset: NYM token
Min/max: $100 min, $1000 max
Lockup: Tokens release quarterly over 2 years starting on/around May 3, 2022 using Nym’s native Cosmos-enabled wallet.
Supply: 25M

The registration deadline is February 6, 23:59 UTC.

Nym NYM

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