Privacy-centric firm Nym, backed by a16z and other investors, has launched its zero-knowledge powered payment system and introduced a perpetual token buyback model.
Launch of DePIN system and buyback
The decentralized technology provider Nym has enabled its DePIN payment system and token buyback for public testing. The commercial launch of NymVPN is set for March 13, 2025. Users will have the opportunity to battle-test the payment mechanism before the official rollout.
Supported payment methods
Upon launch, subscribers will be able to pay in fiat currencies such as euros and dollars, or in Bitcoin. The project also supports payments with the native NYM token. All payments will be converted into NYM tokens, ensuring continuous demand for them.
Implications for Nym's future
With global need for privacy solutions and VPN adoption on the rise, Nym’s layer-0 network offers the anonymity and safety users need. The buyback system means that subscriptions will help maintain continuous demand for the NYM token.
The launch of the new payment system and the NYM token buyback strengthens the project's crypto-economics, furthering its goals of providing a decentralized privacy-focused network.
