Squad Wealth Fund
The Squad Wealth Fund is a community treasury of NYM tokens that grows or shrinks depending on the performance and usage of the Nym network. This fund rewards participants of the Nym Squad League (NSL) for completing missions, growing the community, and contributing to Nym’s mission of enabling privacy for all.
How Does the Squad Wealth Fund Work?
Delegations Program
● The Nym team runs an official delegations program to support high-performing nodes in key regions● Over 30 million NYM were delegated to 121 independent nodes, each receiving 250,000 NYM
Quarterly Missions
● At the start of each season, new missions are announced for Nym Squad League participants● Community members submit proofs of completed missions and are rewarded from the fund
Node Evaluation
● Nodes are regularly assessed based on performance, stake saturation, and uptime● Underperforming nodes are replaced with high-quality nodes in the delegation queue
Staking Rewards
● Staking rewards earned by these nodes are transferred directly to the Squad Wealth Fund
Why the Squad Wealth Fund?
The concept of “Squad Wealth” highlights the power of communities working together to tackle global challenges. For Nym, the central challenge is ensuring privacy and secure communication for everyone.
The Squad Wealth Fund provides:
Clear objectives for the community, aligned with Nym’s development roadmap
Rewards for contributions such as content creation, event organization, testing NymVPN, and building tools
Support for new node operators to enter the active set via the delegations program
Join the Nym Squad League!
Together, let’s enable global privacy and strengthen the Nym network. 🚀