NYM (NYM) Gets Listed on KuCoin!
04/15/2022, 12:27:18
Dear KuCoin Users,
KuCoin is extremely proud to announce yet another great project coming to our trading platform. NYM (NYM) will be available on KuCoin. Supported trading pair is NYM/USDT.
Please take note of the following schedule:
- Deposits: 7:00 on April 15, 2022 (UTC) (Supported Network: ERC20)
- Trading: 09:00 on April 15, 2022 (UTC)
- Withdrawals: 10:00 on April 19, 2022 (UTC)
Project Summary
NYM is the native token of the Nym mixnet. It is a utility token that rewards nodes for operating the Nym privacy system, providing privacy for users of the Nym network. Users (or their applications and wallets) will use NYM tokens to access the mixnet and have their privacy protected. The fees, collected in NYM, go to a reward pool which is distributed to mixnodes. Mixnodes mix traffic and are rewarded based on their performance and reputation (amount of NYM bonded to their node). Tokenholders can also delegate NYM to mixnodes as a bond, signalling reputation for that node, and earn a share of the mixnode’s rewards. This supports decentralisation and encourages the mixnet to have a high quality of service by involving the broader community in the process of selecting nodes.
Official Website: https://nymtech.net/
Whitepaper: Click to view
Risk Warning: Investing in cryptocurrency is akin to being a venture capital investor. The cryptocurrency market is available worldwide 24 x 7 for trading with no market close or open times. Please do your own risk assessment when deciding how to invest in cryptocurrency and blockchain technology. KuCoin attempts to screen all tokens before they come to market, however, even with the best due diligence, there are still risks when investing. KuCoin is not liable for investment gains or losses.
Regards,
The KuCoin Team
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