Where can I buy NYM tokens?

General
1

Hi! I’m very interested in this project and I want to contribute to it by setting up my own node in mixnode mode. I already set it up on my server, but to bond it to my NYM wallet it seems like I need to already have 100 NYM coins on my wallet, I’ve tried all the suggested exchanges in the NYM wallet app like Bitfinex, Osmosis, Bybit, Gate.io and HTX, but with every single one of these I have problems. Either I can’t go through the process of KYC and can’t prove my personal info using my country ID card, or NYM is not listed on that exchange anymore. Where could I conveniently get the 100 NYM tokens needed to be able to bond my NYM node thats running on my server to my wallet? Thank you very much for help.

2

Are you already holding any cryptocurrencies currently? You could use edge.app or Keplr which allow you to swap for native $NYM directly.

Alternatively, you could also use swap.nym.com

Let us know how it goes! And we have a very welcoming operator community on Matrix you can also join here: https://matrix.to/#/#operators:nymtech.chat

3

Hi,

I can borrow you 100 $NYM, which you can give me back later, once comfortable with the Nym ecosystem.

Just give me your $NYM wallet address and I will send them.

Best regards
Ch1ffr3punk

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4

Huge thanks to Ch1ffr3punk for lending me $NYM tokens, I’ve managed to bond my nym node to my wallet.

I have a few questions though:

  1. Where can I read more about Cost Parameters and Bond Value? On what values should I keep them? Default 40 for Cost Parameters and 100 for Bond Value or something other?

  2. Why is my node showing as inactive in Node Explorer even though I think it’s running fine as I see logs like these in my journal:

    ↑↓ Packets sent [total] / sent [acks] / received [mix] / received [gw]: 921.8k (10.9/s) / 353.6k (5.2/s) / 208.5k (34/min) / 700.9k (10.4/s)

    Is it because I’ve just started running it and it’s been less than 24h (I think)? Explorer health / epoch health is at 82% right now. Reliability at 96%, Config at 100% and Stress at 50%

  3. Where can I set up security contact of my node? Is it necessary to do it or optional?

  4. When do I start receiving rewards and NYM tokens? I don’t really care about them, but I would like to repay Ch1ffr3punk as soon as I can and maybe run other nodes (if I don’t get any complains from my current VPS provider). I’m not very experienced in cryptos other than older ones like BTC, LTC, XMR etc.

Thank you very much for help.

5

Hey there!

  1. If you plan to apply for the Nym Team Delegation Program, your Cost Parameter can be set to a maximum of 5,000 NYM, and your profit margin (commission) can be set to 20%. If you do not intend to apply for the program, the maximum Cost Parameter is 10,000 NYM.

These limits are updated once per interval (approximately every month), so you should keep an eye on the current interval. The next interval ends around July 27. If you change your parameters before then, the new values will take effect after the interval ends.

If you’d like to apply for the Delegation Program, you can do so here:

  1. The reason your node is shown as Inactive in the Explorer is that it currently does not have enough stake delegated to it. This is expected until your node has accumulated sufficient stake.

  1. You can configure your Security Contact by editing your node’s description.toml file. Run the following command in your terminal:

    sudo nano ~/.nym/nym-nodes/default-nym-node/data/description.toml

  2. Rewards are distributed at the end of each epoch , and each epoch lasts 1 hour . Once your node becomes eligible and starts earning rewards, you can claim them at any time . There is no deadline to claim your rewards, so you can do so whenever it is convenient for you.

There is also a Matrix channel dedicated to node operator discussions, which we use for communication. Please make sure to join it as well.

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