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Symbol x NEM airdrop

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Symbol Opt-in Snapshot is a valuable opportunity to receive free XYM tokens. Symbol is a cutting-edge, decentralized blockchain platform created by the team behind NEM NIS1. Symbol connects businesses to the blockchain, simplifying processes, reducing costs, and uncovering new opportunities for value creation. With improved speed, usability, security, and flexibility, Symbol is the ideal choice for enterprise users and developers looking for high-performance smart contract functionality at a lower cost than other alternatives. XYM is the native currency of the Symbol public blockchain, set to launch in Q1 2021. It is used to pay for transactions and incentivize the network of public nodes that process and record transactions, giving XYM intrinsic value as the currency of a thriving economy.

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About Symbol x NEM

NEM is launching the Symbol public blockchain on March 15th, 2021. By opting in, XEM holders will receive XYM tokens at a 1:1 ratio based on their XEM balance at the time of the Snapshot. Your XEM balance will not be affected whether you choose to opt in or not. Symbol connects businesses to the blockchain, offering increased speed, usability, security, and flexibility. This makes Symbol the ideal choice for enterprise users and developers looking for pre-configured smart contract functionality with higher performance and lower cost. The Symbol public blockchain, launching in Q1 2021, is used to pay for transactions and incentivize the network of public nodes, giving XYM fundamental value as the currency of a functional economy.

Step-by-step guide

Visit the Symbol Snapshot page. Download the new NEM wallet. Create your Symbol account & Backup your wallet via mnemonics or Qr Code. Click the Select XEM Account button to import your NEM account. Add VRF keys to harvest the block rewards and review your Opt-in account details. Click the Complete Opt-in button to proceed. For each 1 XEM you own at the time of Snapshot, you will be allocated 1 XYM to the Symbol account you created during the Opt-in process. You will also keep all of your XEM. XYM will enable you to participate fully in the new Symbol blockchain. Without XYM you will not be able to use the Symbol blockchain.

Disclaimer: This content is for educational and informational purposes only and does not constitute financial advice. Conduct thorough research before making any deposit/investment decisions (DYOR).

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