NymVPN launches ZK payment system with token buyback

The company Centered on NYM confidentiality, supported by A16Z and other investors, launched its payment system fed with zero knowledge and introduced a model of perpetual token buyout.

The depin payment system of the decentralized technology provider and the redemption of tokens are now live for public tests. More specifically, nymvpn, Presented for the first time In November 2023, will be launched commercially on March 13, 2025.

Before public deployment, users will have the opportunity to test the payment mechanism, said the NYMVPN team in an ad.

When put online, subscribers can pay in Fiat such as euros and dollars, or bitcoin (BTC). The project also supports payments with the nym nym token. NYM will convert all Fiat and Crypto payments for the nymvpn subscription to nym nym nym, with perpetual buyout to create a “steering wheel” reflecting market demand.

“The launch of NYM has activated the side of the confidentiality of the offer and has created a network of more than a thousand nodes. Today, we activate the side of demand, allowing ordinary users to pay Fiat and Bitcoin for NYMVPN. Their payment is then converted into NYM tokens orders to maintain the network in progress, ”added the CEO of the NYM.

With a global need for confidentiality solutions and Adoption VPN In the middle of increased security and censorship, the NYM layer-0 network offers both anonymity and security that users need. Meanwhile, the redemption means that subscriptions will help create a coherent purchase pressure for the NYM token.

NYM, launched in 2022, is a token designed to reward the Mixnet node operators of the NYM ecosystem. According to Harry Halpin, chief executive officer of NYM, the token is the key to the project of the project to provide a decentralized network focused on privacy.

The launch of the purposes of the depolition payment and the redemptions of NYM tokens brings the cryptocuromical “full circle” of the project. It allows the use of NYM in tokenization and in rewards, which encourages more to the community.

“Just like everyone should take advantage of drinking water and electricity, people deserve safe and private communication,” said Jaya Brekke, Director of Strategy at NYM. “It’s not speculative, but a real growing need. And with the launch of the perpetual redemption mechanism, the token can come out of a speculative promise to report such a real demand instead. »»