The privacy-centered firm Nym supported by the A16Z and other investors has launched its zero-knowledge-powered payment system and introduced a permanent token buyback model.
Dipin Payments System and token buybacks of decentralized technology provider are now live for public testing. In particular, Nymvpn, which was first introduced in November 2023, will be commercially launched on 13 March 2025.
Next to public rollouts, users will get the opportunity to fight with the payment mechanism, the NYMVPN team said in a declaration.
When it becomes live, customers will be able to pay in the euro and dollar, or bitcoin (BTC) in Fiat. The project also supports payment with indigenous NYM tokens. Nym Nym NymvpN will convert all Fiat and Crypto payment to indigenous tokens NYM for membership, with always shopping sets to create a “flywheel” that depicts market demand.
The launch of the NYM activated the supply-party of privacy and created a network of more than a thousand nodes. Today we are activating the demand side, allowing general users to pay in fiat and bitcoin for Nymvpn. The CEO of NYM said that their payment is converted into NYM tokens to purchase ordered to keep the network running.
With a global requirement for privacy solution and VPN adoption At the growth between increased safety and sensorship, the layer -0 network of NYM is required both oblivion and safety users. Meanwhile, buyback means that membership will help in constant purchase pressure for Nym tokens.
Nym, which was launched in 2022, is a token designed to reward the mixture node operators of Nym ecosystem. According to NYM CEO Harry Helpin, the token is important for the target of the project to give a privacy-centric decentralized network.
The launch of the depin payment system and the NYM token recurrent project brings the crypto-economics of the project “full circle”. This allows to provide more incentives for the community, torture and use of NYM in awards.
NYM Chief Strategy Officer Jaya Brake said, “As everyone should enjoy clean water and electricity, people are safe and worth private communication.” “It’s not speculative, but needs a growing real world. And with the launch of always buyback mechanism, tokens can be out of a speculative promise to indicate such a real world demand. ,
