Projects listed: 276 |
BTC Dominance: 51.12% | Volume (24h): $42,578,317,585 | Market Cap: $2,607,083,184,934
NYM
NYM
$0.11
Sector
Privacy
Exchange Debut
2022-04-15
Market Cap
84,115,944
Maxim Supply
1,000,000,000
Circulating Supply
794,804,260
Circ. Supply(%)
79.48%
NYM
NYM
Price
$0.11
Market Cap
Sector
Exchange Debut
Volume 24h
High 24h
Low 24h
1092285
0.106255541969
0.104639701297
Change 24h
Change 7d
Change 30d
0.9547
4.5369
-23.8651
Maxim supply
Circulating supply
Circulating supply(%)
1,000,000,000
794,804,260
79.48%
The opinion of artificial intelligence (AI), based on the fundamental analysis of the NYM cryptocurrency:
The fundamental analysis of the NYM cryptocurrency reveals a project that aims to revolutionize privacy in the blockchain industry. Developed by renowned research scientists and developers from institutions like the Massachusetts Institute of Technology, KU Leuven, and University College London, NYM introduces a comprehensive privacy system. It includes a mixnet for network-level privacy, private credentials for application-level privacy, and the NYM token to incentivize participants. With its focus on privacy enhancement, NYM has the potential to significantly impact the broader blockchain ecosystem. This analysis assesses NYM’s performance in various criteria, providing insights for potential investors.
SOCIAL & MASS MEDIA: Score 4.65 out of 10
In terms of social and media presence, NYM receives a moderate score. While it shows some capability to attract followers on social media pages and maintains a presence in the media, community activity on social media could be improved. However, NYM excels in the size of its communities on chat groups, indicating a strong and engaged user base.
AUDIT & SECURITY: Score 2.8 out of 10
NYM’s audit and security score is relatively low. The project lacks substantial audit results, which raises concerns about its security measures. However, it demonstrates transparency by providing adequate information to the public. The liquidity on exchanges is decent, contributing to the overall score in this criterion.
TOKENOMICS: Score 5.88 out of 10
The token economics of NYM receive an average score. The project’s inflation rate and the degree of centralization in its monetary mass are areas that could be improved. However, NYM exhibits potential to address these aspects and create a more favorable token economy.
ECOSYSTEM DEVELOPMENT: Score 6.9 out of 10
NYM’s ecosystem development receives a good score. While it demonstrates some achievement of objectives, there is room for improvement in bringing new developments to the project. By focusing on expanding and enhancing its ecosystem, NYM can further solidify its position in the market.
TEAM & DEVELOPERS: Score 7.3 out of 10
The NYM team receives a high score, reflecting their strong experience. With a competent team and an adequate number of software developers, NYM is well-equipped to drive the project’s success and handle technical challenges effectively.
PRODUCT & UTILITY: Score 7.6 out of 10
NYM’s product and utility score is commendable, indicating a strong value proposition. The project offers a useful product for enhancing privacy and demonstrates a clear utility for its tokens within the ecosystem. By leveraging these strengths, NYM can continue to attract users and create value.
PARTNERS & INVESTORS: Score 7 out of 10
NYM garners a good score for its partnerships and investors. While the number and capacity of investors could be improved, the project has secured quality partners, highlighting the trust and support it has garnered within the industry.
Fundamental analysis of the NYM cryptocurrency – The final conclusion
Based on the fundamental analysis of the NYM cryptocurrency, with a score of 6.19 out of 10, it becomes apparent that NYM presents an investment opportunity for those seeking to capitalize on privacy-focused projects. While some areas, such as social and media engagement and audit security, show room for improvement, NYM showcases strengths in its team and developers, product utility, ecosystem development, and partnerships. With a competent team and a useful product, NYM has the potential to gain traction in the market and attract users. However, investors should be aware of the risks associated with the project’s lower scores in certain criteria. Careful monitoring of NYM’s progress, especially in terms of social engagement, security measures, and ecosystem expansion, is advisable. By addressing these areas, NYM can enhance its overall score and further solidify its position in the blockchain industry. It is important to conduct further research and analysis before making any investment decisions related to the fundamental analysis of the NYM cryptocurrency.
Introduction to Nym
Nym is a groundbreaking privacy system, designed by top researchers and developers from renowned institutions. It aims to revolutionize privacy by providing network and application-level privacy through a mixnet and credentials system, respectively.
How Nym Ensures Privacy
The network guarantees privacy through a concept known as a mixnet, obfuscating communication metadata and making every data packet indistinguishable. For application privacy, Nym employs private credentials. These combined protections enhance privacy in the expanding blockchain industry.
Decoding the Nym Mixnet
The Nym mixnet is a three-layer decentralized network where communication traffic is encrypted and mixed with others, creating a crowd effect that further safeguards privacy. With the concept of “Privacy loves company,” the mixnet ensures your messages are lost in the crowd, making the system more robust as the volume of data increases.
The Value of NYM Token
The NYM token represents the economic dimension of Nym, designed to incentivize the sustainability and scalability of the privacy system. Its value is tied to the increasing global demand for privacy. With the rise of internet users worldwide and growing discomfort with data misuse, the need for privacy solutions such as Nym intensifies.
Where Can You Buy NYM – NYM?
NYM can be purchased on cryptocurrency exchanges such as Kucoin and Gate.io.
All you need to do is create a free account on any of these exchanges and start trading.
- Latest analysis update: June 17, 2023
NYM - NYM performance
GENERAL CRITERIA:
Score
SOCIAL & MASS MEDIA
0
AUDIT & SECURITY
0
TOKENOMICS
0
ECOSYSTEM DEVELOPMENT
0
TEAM & DEVELOPERS
0
PRODUCT & UTILITY
0
PARTNERS & INVESTORS
0
Content description – Go to Metholodogy
Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.
Audit & Security In particular, the team looks if the project is audited, how extensive the audit is, at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.
Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.
Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.
Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.
Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.
Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.
Go to Methodology
Content description
Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.
Audit & Security In particular, the team looks if the project is audited, how extensive the audit is, at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.
Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.
Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.
Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.
Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.
Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.
