NYM(Nym Network)Project Analysis-CoinW Institute

NYM(Nym Network)Project Analysis

1.Institute Review

NYM tokens are available to anyone who wants to take advantage of or help provide privacy at the network layer. More specifically, NYM tokens are used by

End users who wish to protect network layer privacy by sending communications over Nym mixnet. They will need NYM tokens to pay for the service, although the first few months of the mixnet will be free while the network is optimized for speed and efficiency. Fees paid in fiat currency or cryptocurrencies such as Bitcoin can be converted to NYM. node operators who want to run hybrid nodes and receive rewards. They will need NYM tokens to pledge hybrid nodes and join the hybrid network. These nodes perform hybrid packets and get rewarded for their work. Community members who want to ensure that the hybrid network runs with high quality services. Not everyone will want to run a hybrid node themselves. Anyone holding NYM tokens can delegate and receive a portion of the hybrid node rewards to ensure network quality.

2. Recent Breakout Points

DEFI

3.Project Description

Building a next generation privacy infrastructure where existing Internet protocols can leak sensitive data that others can use without the user’s knowledge. nym is developing an infrastructure that prevents such data leakage by protecting the metadata of every packet in the network layer and application layer.

4.Token roles

(1) Hybrid Network

Nym Hybrid Network is a multi-purpose hybrid network that prevents traffic analysis by adversaries that can monitor the entire network, including NSAs.

(2) NYM Token (NYM)

Nym TOKEN (NYM) incentivizes privacy and is used to make hybrid networks decentralized, sustainable and resilient.

(3) Credentials

Allows 3rd party applications to anonymize any arbitrary “key:value” pair so that users can privately disclose some or all of their data at their discretion for any necessary compliance and identity verification.

5.Token Economic Model

Total number of tokens 1 billion

Token name: NYM

coinlist sale 7.5%, backers 36.5%, team 20%, mining 25%, community 11%

About coinlsit sale: NYM tokens NYM tokens

(1) Fixed sale price $0.50 per token

Sale period February 9, 2022 18:00 UTC — February 16, 2022 23:59 UTC

Lock and Release: Tokens are unlocked on or about March 31, 2022.

For sale : 5% (50M tokens) 2.5% (25M tokens)

(2) $0.25 per token

Sale period February 9, 2022 23:00 UTC — February 16, 2022 23:59 UTC

Tokens will be unlocked on or about May 3, 2022 and released quarterly for two years thereafter.

For sale 5% (50M tokens) 2.5% (25M tokens)

Other locked status.

6.Investment Institutions

binana labs ,a16z,huobi ventures ,polychain capital,fenbushi capital

7.Community

Twitter 37000 people, telegram 24000 people, telegram group is more active.

8.Future Outlook

When users pay for privacy to use the network or when applications pay on behalf of users, some fees are used to reward the nodes that operate the network. These fees are charged or converted to NYM to protect the network from any other fluctuations in the underlying assets. Thus, the more usage, the more NYM tokens available to reward nodes and extend the hybrid network to meet demand! Thus, NYM token economics is designed to economically incentivize people to provide privacy, not surveillance. Not only that, token economics is designed and engineered to incentivize good privacy protection: the better the service in terms of hybrid packets, the higher the reputation of hybrid nodes in NYM across the infrastructure. Essentially, NYM provides “reputation” tokens for the hybrid network.

9.Special Economic Model

Mapped from the Nym Network public chain to ERC20, no other special economic models are available at this time.

Basic Information

Project Description: Nym’s goal is to ensure privacy by solving two major problems with the Internet today.

1.The technical problem that core Internet protocols simply do not take privacy into account.

2. And the economic problem that today’s digital platforms and infrastructures have surveillance as the core of their business model.

The first problem is solved by mixnet, a decentralized privacy network that provides privacy to end users through hybrid packets. nym tokens solve the second problem by facilitating decentralization while incentivizing hybrid nodes to provide high quality services and ensuring that the hybrid network can scale on demand.

Full token name: Nym Network

Token Name: NYM

Token Details.

Project website: https://nymtech.net/zh/

Project Documentation: https://blog.nymtech.net/introducing-the-nym-token-d55ffd3d397a

Block query:

https://eth.tokenview.com/cn/token/0x525a8f6f3ba4752868cde25164382bfbae3990e1

Join the CoinW Institute to decipher the world of crypto with no threshold for quality projects!

Btok : https://ss.transgot.cn/CoinW_Research

TG : https://t.me/CoinW_Research

CoinW Institute