The NYM token plays a vital role in the Nym mixnet and Appchain. It grants users access to the network, enables the payment of transaction fees, and supports the system’s privacy infrastructure. The use of the mixnet, NYM claims, is that it can route network traffic in a way that makes it untraceable, even for global internet monitoring systems.
The NYM token is available on two blockchain standards: ERC-20 as well as the native NYM on the Cosmos chain, which allows users to delegate tokens and engage with the Nym ecosystem. Bitfinex will list the NYM mainnet token on Cosmos, and will also provide a facility for any customer who wishes to deposit the ERC-20 token, allowing individuals to convert it to the mainnet token to trade, using the Bitfinex currency conversion tool.
“We’re pleased to offer NYM to our customers and to support Nym Technologies in their efforts to enhance privacy and security in the digital space,” said Henry Child, Head of Tokens at Bitfinex. “NYM’s listing on Bitfinex will allow users to participate in a growing network designed to protect data privacy on a global scale.”
NYM deposits will be opened at approximately 12:00 PM UTC on 8 October, 2024, subject to network conditions. Trading is planned to commence at approximately 10:00 AM on 10 October, 2024, contingent upon liquidity requirements being met. NYM will be tradable against US Dollars (NYM/USD) and Tether tokens (NYM/USDt).
To obtain access to NYM on Bitfinex, customers can visit https://www.bitfinex.com/?refcode=0bC4Lljc.
*All users of www.bitfinex.com are subject to Bitfinex’s terms of service (“TOS”). Please note that U.S. persons (as defined in the TOS), among other prohibited persons (as defined in the TOS), are strictly prohibited from directly or indirectly holding, owning or operating an Account (as defined in the TOS) on www.bitfinex.com.
About Bitfinex
Founded in 2012, Bitfinex is a digital token trading platform offering state-of-the-art services for traders and global liquidity providers. In addition to a suite of advanced trading features and charting tools, Bitfinex provides access to peer-to-peer financing, an OTC market and margin trading for a wide selection of digital tokens. Bitfinex’s strategy focuses on providing unparalleled support, tools, and innovation for experienced traders and liquidity providers around the world. Visit www.bitfinex.com to learn more.
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