[Swiss startup Nym Technologies will buy back $1 million worth of NYM tokens before VPN launch] Mars Finance News, according to TheBlock, Swiss privacy startup Nym Technologies will buy back $1 million worth of NYM tokens. The company plans to launch NymVPN in the coming weeks and will rely on tokens to incentivize participation. "This buyback is not just about financial strategy, but also about preparing for growth," said Harry Halpin, CEO of Nym, in a statement.

The number of NYM tokens in circulation is currently about 803 million (out of a total of 1 billion), and each token is trading at about $0.06. The token rose by more than 7% in 24 hours. NYM tokens are used to incentivize node operators, staking, governance, and participation in the network's hybrid proof consensus mechanism.