Blockelite X Nym AMA Recap

Blockelite X Nym AMA Recap

Thank you to everyone who joined AMA Blockelite x Nym on 27th May at 1:00 PM UTC I 08:00 PM (UTC+7). Here is the recap for those who missed this AMA.

Our special guest today is Theo Goodman – Community Manager of Nym

Segment 1: Introduction about Nym and Theo Goodman – Community Manager of Nym

Q1: Can you briefly introduce yourself as well as about the Nym?

Theo Goodman – Community Manager of Nym: My name is Theo Goodman and I am the head of community and meme edge lord at NYM.
NYM is the next generation of privacy infrastructure, to finish the cypherpunk trifecta you need the following things: zeroknowlege proofs, e-cash and network level privacy.
We are working on both network level privacy with our mixnet and annon credential system that we call “coconut credentials”.
Network level privacy deals with your meta data, such as your ip and your geo location, not on chain privacy.

Q2: How does Nym make a difference compared to current privacy infrastructures? What problems is Nym try to solve?

Theo Goodman – Community Manager of Nym: NYM aims to give powerful network level privacy to everyone via the mixnet. For example you will be able to send transactions from any blockchain through the mixnet, think of it as a way to send data packets that hides the meta data that normaly goes with these packets.

Current tools such as TOR which are good at hiding your IP still are able to be watched by Global Passive Advisary, such as the NSA or other repressive goverments

Q3: Please explain how Nym works? What role do NYM tokens play in the Nym ecosystem?

Theo Goodman – Community Manager of Nym: For technical details about how nym works please go to http://nymtech.net/docs , the token is an incentive to run mixnodes that
mix data packets. You can check out our whitepaper and read about our concept “proof of mixing” instead of pow mining that solves a puzzle our mixnode mix data packets and provide network level privacy, and by doing so can earn NYM tokens.

Blockelite Host: And why you choose this name “Nym”?

Theo Goodman – Community Manager of Nym: anoNYMous

NYM is also the name of an online ID

https://whatis.techtarget.com/definition/nym

pseudoNYM

Your username your “nym”

Blockelite Host: What are the benefits of holding tokens?

Theo Goodman – Community Manager of Nym: Right now there are only worthless testnet tokens HAL, but they function as they would in the mainnet

You will be able to use them to use the mixnet, and you can also use them to delegate stake to other nodes

we will have more papers coming out regarding token economics

Blockelite Host: When will the mainnet take place? next year ?

Theo Goodman – Community Manager of Nym: We hope after summer

Q4: Congratulations Nym now has over 4000 nodes on the Finney testnet. How can people experience the testnet? And what are the conditions to join the testnet?

Theo Goodman – Community Manager of Nym: Anyone can join the testnet and earn testnet tokens! However it is a good idea if you are a little bit technical. Here is a link to some more informaiton about running a node:
https://t.me/nymtech/149

Anyone here can run a node now! we also have a help chat to guide you

VPS recommended

Blockelite Host: can use any type of vps?

Theo Goodman – Community Manager of Nym: Come to help chat we can guide you

Q5: What milestones have Nym achieved and what is the next roadmap for 2021?

Theo Goodman – Community Manager of Nym: We have launched our new testnet! We hope to launch our mainnet after the summer this year! In the meantime we also will launch other apps and games that people can use to earn testnet HAL tokens.

Segment 2: Twitter questions

Q1: Why not integrate with an better and more scalable network as Binance or Tron instead of Ethereum?

Theo Goodman – Community Manager of Nym: Well, you can use BSC or TRON or ETH and send your transactions – THROUGH – the nym MIXNET to add network level privacy

so really other networks should use NYM

Q2: Any incentives for Startups who might want to build solutions that could expand NYM ecosystem?

Theo Goodman – Community Manager of Nym: Not right now, but we will have this in the future! You should have a look at http://nymtech.net/docs and there is a section about building apps!

Q3: I’m curious about the name NYM. Why did you choose this name? Can you explain to everyone the meaning behind of the name NYM?

Theo Goodman – Community Manager of Nym: NYM is also the name of an online ID

https://whatis.techtarget.com/definition/nym

pseudoNYM

Q4: Is Nym Protocol a global project? Is there a plan to cover Korean, European and African communities? will you launch multiple language lines for non-native English speakers?

Theo Goodman – Community Manager of Nym: YES! We already have: English, Rusisan and Turkish and we are expanding!

Q5: NFT is considered the next trend so HOT right now of the crypto industry after DeFi. Could Nym Protocol share your opinion about NFT? Where do Nym Protocol see the future evolution of NFT features and capabilities in the next few years?

Theo Goodman – Community Manager of Nym: People could send privacy enhanced NFTs via the NYM Mixnet

Segment 3: Live questions

Q1. We’re concerned about 2 things – Marketing and Rugpull. What are your marketing plans? How can you guarantee us no rug-pull?

Theo Goodman – Community Manager of Nym: There wont be rugpull we are public and are doing marketing

Q2. Collaborations and partnerships are some of the most important cornerstones to help improve adoption. Can you tell us about your current partners, plans for partnerships and what everybody stands to gain from these partnerships?

Theo Goodman – Community Manager of Nym: We have a new partnership with MASK and more coming!

Q3. Community support is one of the biggest aspects of a project’s success. Most projects have programs that interact with their users. Does you have any special plans to attract and expand the community and improve the user experience?

Theo Goodman – Community Manager of Nym: Yes we have a big community and want more people join here: http://t.me/nymchan

Q4. Can you help the community by giving all the useful links of Your project, so I can stay UPDATED and follow up this project, as well as other angel USERS?

Theo Goodman – Community Manager of Nym: YES”!
http://t.me/nymchan
http://t.me/nymtech

Q5. What’s the uniqueness of your project that can not be found in other project that’s been released so far? And how the demand of the token will increase in the future? or what steps would you take to increase the demand?

Theo Goodman – Community Manager of Nym: We provide next level network privacy