Symbol (XYM)

Basics

• Based in:
• Started in / Announced on:
• Mainnet release: 16-3-2021
• New sister blockchain of NEM.

History

• After NEM started losing its shine, it introduced this blockchain (16-3-2021):

"The new platform is primarily aimed at enterprise users, with emphasis on the blockchain’s use in fintech and supply chain management. Symbol can also be used for various other ways: it can serve as a basis for DeFi apps, tokenized stocks, non-fungible tokens (NFTs), atomic swaps, and much more.

"Symbol will not replace NEM: instead, it will run in parallel with NIS1, the original NEM blockchain. NIS1’s original NEM token (XEM) will continue to circulate alongside Symbol’s new token (XYM). Certain exchanges such as Binance have already taken snapshots of user balances in preparation for the XYM airdrop."

Technology

• Whitepaper can be found [insert here].
• Code can be viewed [insert here].

Implementations

• Built on:
• Programming language used:

Transaction Details

• Capacity (TPS):
• Latency:

Roadmap

• Can be found [Insert link here].

Audits

• Bug bounty program can be found [insert here].

Team, Funding, Partnerships, etc.

Team

• Full team can be found [here].

Partners

• NEM has gathered a list of partners around itself in combination with the Symbol release. Some of the partners are:

CoinGecko, Travala, Fireblocks, Storj, Humingbot and GurdaWallet (12-3-2021).

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