Naym Price
(NAYM)
USD($)
Naym (NAYM) Live Price Chart
Overview
About
Analysis
FAQ
Naym Live Price Data
The live price of Naym is $0.02568, with a total trading volume of $ 5,939 in the last 24 hours. The price of Naym changed by +2.02% in the past day, and its USD value has decreased by -8.99% over the last week. With a circulating supply of -- NAYM, the market cap of Naym is currently -- USD, marking a --% increase today. Naym currently ranks #-- in market cap.
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Note: This data is for reference only.
Naym(NAYM) Profile
Rank--
--Expand 
Website
Documentation
Explorer
Contract
- Base 0x314d7f...61E
Audited By
- --
Code & Community
Investors
- --
$0.02517
$0.02601
- ATH
- $0.04714
- Price Change (1h)
- -0.11%
- Price Change (24h)
- +2.02%
- Price Change (7d)
- -8.99%
- Market Cap
- --
- 24h Volume
- $5,939
- Circulating Supply
- --
- Max Supply
- 1B
About NAYM
How can I buy Naym (NAYM)?
Buying NAYM on KuCoin is fast and simple. Create an account, verify your identity, deposit funds, and start your trading. It's that simple! See How to Buy Naym (NAYM) for more information. What Is NAYM (NAYM) Crypto?
NAYM is the governance token of Nayms, a platform that offers decentralized insurance solutions for digital assets. The project aims to connect insurance providers with cryptocurrency businesses, facilitating coverage through blockchain technology. Nayms enables the creation of on-chain insurance policies using smart contracts, ensuring transparency and efficiency in managing policies and claims.
The NAYM token powers the Nayms Liquidity Facility (NLF), providing liquidity to insurance pools and offering rewards to token holders. The platform operates within a regulated framework, ensuring compliance while bridging traditional insurance markets with blockchain-based systems.
With its goal to foster trust and stability in the digital asset ecosystem, Nayms represents a step toward broader adoption of blockchain technology in risk management,
How Does Nayms Marketplace Work?
The Nayms marketplace provides decentralized insurance solutions, connecting insurers, brokers, and capital providers on a blockchain-based platform. You can participate in this ecosystem by purchasing or providing coverage for digital assets such as cryptocurrencies and NFTs. The platform uses smart contracts to automate processes, including policy management and claims, ensuring transparency and efficiency.
Nayms bridges traditional and crypto-native insurance by enabling peer-to-peer transactions. This marketplace operates with the Nayms Liquidity Facility (NLF), which provides liquidity to insurance pools and rewards participants with NAYM tokens. All transactions and policies on Nayms are managed in cryptocurrency, reducing currency risks and streamlining processes for global participants.
History of Nayms Marketplace and NAYM Coin
Nayms was founded in 2019 by Dan Roberts with the goal of revolutionizing insurance for the digital asset space. Nayms operates under the regulatory framework of the Bermuda Monetary Authority, holding both a digital assets business license and a Class IIGB insurance license.
The marketplace launched its first fully capitalized insurance program in June 2023. This launch on the Ethereum network marked a major milestone, allowing insurers, brokers, and capital providers to collaborate using smart contracts for transparent and automated policy management.
Looking ahead, Nayms aims to introduce more investment opportunities within the (re)insurance space, targeting returns on products like cyber liability and smart contract insurance. The platform continues to expand, leveraging blockchain to foster trust, transparency, and collaboration in the insurance industry, catering to the future of digital finance and asset risk management.
What Is NAYM Token Used for?
The NAYM token serves several purposes within the Nayms ecosystem. It functions as a governance token, allowing you to participate in decisions about fund allocations and marketplace operations through staking. By staking your NAYM tokens, you also earn rewards from the Nayms Liquidity Facility (NLF), which invests in insurance programs and distributes profits to stakers over time.
Another key use case for NAYM is trading. You can buy and sell NAYM tokens on various exchanges, including the KuCoin spot market, where it is available for trading. This trading capability expands its utility beyond the Nayms platform, providing liquidity and enabling investors to benefit from market movements.
What Is NAYM Tokenomics?
The NAYM token has a total supply of 1 billion tokens, structured to support governance and liquidity functions within the Nayms ecosystem. The NAYM token distribution follows a structured allocation plan:
1. Seed Rounds:
> Seed 1: 22.2% (222,222,222 tokens), priced at $0.027, valued at $27 million, with a 7.5% unlock at TGE and 12-month linear vesting after a 6-month cliff.
> Seed 2: 8.48% (84,750,000 tokens), priced at $0.04, valued at $40 million, with similar vesting terms as Seed 1.
2. Sales and Private Rounds:
> Private Sale: 6% (60,000,000 tokens), priced at $0.045, valued at $45 million, with a 15% unlock at TGE and 6-month linear vesting after a 6-month cliff.
> Public Sale / KOL Round: 3% (30,000,000 tokens), priced at $0.05, valued at $50 million, with 25% unlock at TGE and 12-month linear vesting.
3. Foundational Allocations:
> General Treasury: 15.7% (157,027,778 tokens) reserved for liquidity and airdrops.
> Team: 15% (150,000,000 tokens) with a vesting period of 36 months and an 18-month cliff.
> Liquidity Facility (NLF): 15% allocated to support insurance programs, with a 10% unlock at TGE and 12-month vesting.
4. Rewards and Airdrops:
> Rewards Pool: 9% (90,000,000 tokens) allocated for staking and other incentives, with a 24-month linear vesting.
> Airdrops and Liquidity: 2.5% (25,000,000 tokens) for liquidity and marketing incentives, with 33% unlocked at TGE and an 18-month vesting schedule.
> Airdrops: 0.1% (1,000,000 tokens) with a 12-month linear vesting.
5. Shareholders: 3% allocation (30,000,000 tokens) vested over 18 months, with no unlock at TGE.
Naym (NAYM) Price Movements ($)
| Period | Change | Change (%) |
|---|---|---|
| Today | $0.0005 | 2.02% |
| 7 Days | $-0.00196 | -7.09% |
| 30 Days | $0.013 | 102.52% |
| 3 Months | $-0.02429 | -48.60% |
24H Investment Barometer
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Naym Conversion Rate
FAQ
How much is 1 Naym (NAYM) worth?
KuCoin provides real-time USD price updates for Naym (NAYM). Naym price is affected by supply and demand, as well as market sentiment. Use the KuCoin Calculator to obtain real-time NAYM to USD exchange rates. Is NAYM (NAYM) a Good Investment?
Investing in NAYM (NAYM) offers several key benefits.
First, the token allows you to participate in governance, influencing major decisions about the platform, such as liquidity management and fund allocation. Through staking, you can earn rewards, which increase over time based on the duration and amount of tokens staked. This setup encourages long-term engagement, aligning your interests with the growth of the Nayms marketplace.
Additionally, NAYM powers the Nayms Liquidity Facility (NLF), which provides capital to insurance pools and generates returns. This structure offers a unique way to gain exposure to insurance as an asset class, which is less correlated with traditional financial markets, adding stability to your investment portfolio.
You can trade NAYM on major exchanges, including KuCoin, providing liquidity and easy access for buying and selling. With its combination of blockchain transparency and real-world asset exposure, NAYM positions itself as a forward-thinking investment opportunity in both the crypto and insurance sectors, blending decentralized finance with institutional-grade operations.
These features make NAYM an appealing option if you are seeking both passive income opportunities through staking and active involvement in platform governance and development efforts.
What Is NAYM Price Prediction?
These dynamics highlight how both internal and external factors shape the NAYM crypto price prediction over time. Understanding these influences helps you make better trading and investment decisions.
1. Supply and Demand: The availability of NAYM tokens and the demand from buyers play a significant role. A higher demand with limited supply can drive the NAYM price up.
2. Token Utility: NAYM's use in governance and staking within the Nayms Liquidity Facility (NLF) adds intrinsic value. As more participants engage in governance or stake their tokens for rewards, demand for NAYM can increase, supporting the NAYM to USD price.
3. Liquidity and Exchange Listings: Being listed on exchanges like KuCoin boosts liquidity and visibility, which can attract more traders and positively affect the $NAYM price.
4. Market Sentiment and News: Announcements about partnerships, regulatory developments, or upgrades to the Nayms marketplace can shift investor sentiment and impact the NAYM crypto price.
5. Macro Market Conditions: Broader trends in the crypto and financial markets also influence NAYM’s price. A favorable market environment can result in higher prices, while downturns may lead to declines in the NAYM token price.
6. Governance Decisions: Decisions made through governance, such as changes to the tokenomics or liquidity management strategies, can affect token value directly by altering supply dynamics or reward structures.
How to Stake NAYM Tokens on Nayms Marketplace
To stake NAYM (NAYM) tokens on the Nayms marketplace, follow these steps:
1. Access the Nayms Platform: Visit the Nayms platform and connect your wallet containing NAYM tokens. The platform supports ERC-20 tokens like NAYM, which can be staked directly.
2. Choose the Staking Option: Navigate to the staking section, where you can lock your NAYM tokens. The longer you stake, the more your staking weight increases, reaching a maximum boost over time.
3. Participate in Governance: When you stake NAYM, you not only earn rewards but also gain governance rights. Your staking weight determines your influence on decisions regarding the Nayms Liquidity Facility (NLF) and fund management.
4. Monitor Rewards: Your rewards increase based on the amount of tokens staked and the duration of your stake. The reward mechanism operates on a parabolic curve, meaning rewards grow exponentially with time.
5. Withdraw or Extend: You can track your staking progress on the platform and decide when to withdraw or continue staking for further rewards.
What is the all-time high price of Naym (NAYM)?
The all-time high price of Naym (NAYM) is $0.04718. The current price of NAYM is down 45.53% from its all-time high.
What is the all-time low price of Naym (NAYM)?
The all-time low price of Naym (NAYM) is $0.01131. The current price of NAYM is up 127.08% from its all-time low.
What is the market cap of Naym (NAYM)?
The current market cap of NAYM is $118.02M. It is calculated by multiplying the current supply of NAYM by its real-time market price of $118.02M.
How do I store Naym (NAYM)?
You can securely store your Naym in the custodial wallet on the KuCoin exchange without having to worry about managing your private keys. Other ways to store your NAYM include using a self-custody wallet (on a web browser, mobile device, or desktop/laptop computer), a hardware wallet, a third-party crypto custody service, or a paper wallet.
How do I convert Movement (MOVE) to cash?
You can instantly exchange your Movement (MOVE) for cash using KuCoin's Fast Trade feature. This feature enables you to convert MOVE to your local fiat currency in just a few clicks. However, make sure to complete Identity Verification first to enjoy all the features you may need.