NYM
Crypto Overview
Purpose and Technology
NYM is a privacy infrastructure that aims to protect network-level metadata and create a decentralized privacy layer for the internet. The NYM token is used to incentivize mixnet operators who run nodes that mix and relay network traffic, making it difficult to trace communications.
Business Model
The project's business model revolves around providing privacy-enhancing technology services, with the NYM token serving as both a means of payment for privacy services and an incentive mechanism for network operators. Node operators stake NYM tokens to participate in the network and earn rewards for their services.
Real-World Adoption
The NYM network has seen growing adoption with hundreds of active nodes operating in its mixnet. The project has established partnerships with various blockchain projects and privacy-focused applications looking to integrate NYM's privacy infrastructure.
Development Activity
The project maintains active development with regular updates to its core infrastructure. The team consistently releases improvements to the mixnet technology and node operation software.
Token Distribution
The token distribution includes allocations for the development team, early investors, and the community, with vesting periods in place for team and investor tokens. A significant portion is reserved for network incentives and future development.
Crypto Impact
To assign a comfort level investing in NYM from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to NYM.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.