NYM is an open source system created to provide privacy and security solutions for blockchain applications and services. Instead of having to build a security solution yourself, decentralized products and applications can use NYM's security services.
The core component of NYM is a mixnet that protects network traffic metadata for applications, providing privacy superior to VPNs and Tor against global internet hackers. NYM's system can also serve as a platform for privacy applications, to protect people's fundamental freedoms against traffic analysis by bad actors.
NYM is a utility token that operates in the NYM network, operates on the Ethereum platform according to ERC20 standards and is used in the following activities:

• Privacy: Used to access the mixnet.
• Staking: Stake NYM to nodes to increase the quality of the network and get rewarded.
• Mortgage NYM to be able to become a node on the Mixnet network and receive rewards.
• Pay transaction fees on the blockchain.