NYM Price

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.