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#NEM's update named #Symbol, which has become one of the most talked about topics in the crypto money community, has been published. Important statements were made about the long-awaited update ...
The Symbol update, which is eagerly awaited by corporate companies in the cryptocurrency community, was completed and published by NEM developers. With the innovations developed by the team, the Nem network has updated itself as one of the double-chain ecosystems . The Symbol update, which has been in development for about four years, will almost re-create the NEM network.
The Symbol update, which the cryptocurrency community has been waiting for recently, was finally released, albeit with a little delay. Symbol, which has become one of the basic technologies of the network, uses its own local cryptocurrency XYM for transactions on the network. After the update news, many crypto money exchanges announced that they would list XYM tokens, and interest in XYM among cryptocurrency users started to increase gradually .
🚨Innovations to be brought to the Sector with Symbol
While announcing the Symbol update, NEM Group CEO David Shaw also made statements that closely related to the blockchain world. Saying that Symbol will combine blockchain technology with the corporate world , Shaw also drew attention to the special design of the platform and tokenization.
Noting that new technologies will be used in the field of economy with the use of new generation PoS + mechanisms, the famous manager said: “ Symbol; It will be located between individuals, institutions and blockchain and will play a key role in creating a new economy with NEM NIS1. "
⚡NEM Owners will be Airdrop XYM⚡
In their previous statements, #NEM developers said that they will airdrop the #XYM crypto currency, the native token of the #Symbol platform . Developers who take a snapshot of their blockchain to make XYM aidrops to NEM owners will be able to complete the event.
Users who have XEM in their crypto money wallet will be able to receive XYM balance (1: 1 ratio) equal to the XEM balance they have at the moment of the snapshot. XYM tokens will be used to incentivize the public network of nodes that record transactions and to pay transaction fees . Among the leading cryptocurrency exchanges where the airdrop event is supported, there are numerous platforms such as Binance, Bittrex, Poloniex, HitBTC and KuCoin.