Topic: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs - page 38. (Read 2984910 times)

Interesting article.
https://blog.shrimpy.io/blog/case-study-using-machine-learning-for-portfolio-management

They have been tracking the performance of 4 different portfolio strategies:
Bitcoin HODL, CoinGecko, Nomics ML, and market-cap indexing.

So far the portfolio using machine learning is in the lead. It's based on the top 10 cryptocurrencies that
were predicted to perform the highest for the next 7 days. The BTC HODL is the worst performing.
https://www.shrimpy.io/leader/mlcasestudy

NEM was selected in 7 of the 17 weeks.
week 2, May 18, 2020  #9. XEM Projected 7-day profit: +8.01%
week 4, June 1, 2020  #7. XEM Projected 7-day profit: +11.31%
week 8, June 29, 2020  #5. XEM Projected 7-day profit: +14.6%
week 11, July 20, 2020  #8. XEM Projected 7-day profit: +12.59%
week 13, August 3, 2020  #10. XEM Projected 7-day profit: +22.65%
week 15, August 17, 2020  #10. XEM Projected 7-day profit: +22.68%
week 17, August 31, 2020  #2. XEM Projected 7-day profit: +53.53%

In any model projected will differ from actual, but there is something deep within the market data that keeps
signaling NEM.

My strategy is the couch-potato XEM HODL. 

Are there any exchange announcements that support snapshots for XEM?
here I see Binance staking XEM coins, most likely binance supports XEM for snapshots, that's just my prediction

You're better off starting a thread on here and asking the same - https://forum.nem.io

I remember them talking about tax considerations influencing the nature of the snapshot and distribution process so someone official there, there's no one official here, should give you an idea. I can't remember myself.

But actually the value of the "original" share will not be adapted or diluted. On the market regulators (if any   ) the original XEM will not start the day with a smaller value (because it "transferred" part of its value to symbol token).

Am I wrong ? Maybe I am missing something 

Possibly it can be compared to the stock markets' shares:
a share is splitted or
a company is reorganized with another company (partially bought) and the share owners will get also the new company's shares.

Hi,

can you please explain me actually what is this symbol token creation ? I need this information for tax declaration purpose.

It is not an airdrops or a faucets.
It is not income from staking or mining.

I read few posts before that it is not an hardfork.

How/what  this can be considered ?

Join the partner exchange NEM New Capital(now an airdrop is passing)if you have any questions, welcome to the discord channel  https://discord.gg/ZWV2Hhc
https://new.capital/exchange/trade/XEM_BTC

Maybe we should create a list with all exchanges that will NOT support airdrop:


Bitpanda will not support  airdrop

Below is the pinned message from the Official NEM channel on Telegram, and should answer the majority of queries regarding opt in, snapshot and release:

Roadmap:
- 15th Sep: Optin Opens, Code freeze, and Testnet launch 🔑
- 3rd - 16th Dec: Snapshot range (exact date to be announced soon) 📷
- 17th Dec: Symbol Main Net goes live! 🚀

Opt In:
What is opt in? Opt-in is the method by which existing XEM holders are able to claim their XYM tokens at the point of Snapshot, prior to the new chain launch of Symbol scheduled for December.
When does Opt in begin? Sept 15th
Am I required to opt-in? No.
If I don't opt in, what happens? You will have 6 years to claim XYM with your NEM private key.
Do I need to update my wallet to opt in? Yes. A new desktop wallet with opt in module will be released soon.
Can I opt in with Trezor? Yes.
How do I opt in on mobile? Use Symbol Mobile Wallet
Can I opt in with exchange? No, not unless your exchange has specifically announced this.

Snapshot:
What is snapshot? A picture of your XEM balance, used to determine your XYM balance on Symbol.
When is snapshot? Sometime between the 3rd and 16th of December. Exact date to be announced.
Will exchanges support snapshot? You must ask the exchange. Zaif is the only exchange that has announced support at this time.

Other:
Is Symbol a fork? No.
How do I swap my XEM? There is no swap.
How do I get XYM? Hold XEM at time of snapshot.
When is airdrop? There is no airdrop.
Will I see my XYM in NEM wallet? No.
Will my XEM show on Symbol wallet? No.

Resources:
Recent Updates: https://forum.nem.io/t/symbol-launch-reporting-single-source-of-information/24863/17
Opt In Details: https://forum.nem.io/t/opt-in-date-announcement/25565
Introduction to Symbol: https://hackernoon.com/nem-introduces-symbol-and-a-new-multi-layer-network-for-enhanced-trustlessness-bhce3299
Symbol on GitHub: https://github.com/nemtech
More Symbol FAQs: https://symbolplatform.com/faqs/

Official NEM channel: @nemred
For prices and off topic discussions: @nemberia & @nemtraders

Opt in date is starting on Sept 15.  Snapshot is in December.  (However, you can opt in up to 6 years later to claim your XYM).

Opt in from the services menu on the NEM wallet if you want to receive XYM tokens on the release date in December.

Your XEM balance on XEM chain at time of snapshot is what you will receive as XYM on new chain. You will also keep your XEM on old NIS1 chain.

XYM will automatically be deposited into your XYM wallet on release date and can be accessed with your private key.

Some of the basic questions are answered in the Basic section of the FAQ -

https://support.nem.group/hc/en-us/articles/360034476171-BASIC

SYMBOL Migration FAQ – NEM Helpdesk
https://support.nem.group/hc/en-us/sections/360007012931-SYMBOL-Migration-FAQ

XEM on paperwallets are good for the swap? Do I have to do anything with them?
thx

Can someone explain how to get xym? Now i have nem in bitpanda so i need transfer them to desktop wallet and wait till december 15? And then they will be depost to my nem wallet or how?

events like this until the day the snapshot waiting will take place then the next dump, but here I take a bullish moment not expecting XYM

This is if u store coins on a CEX. Like coinbase. And if whats yours is kept off exchange, taxation should not be a concern. I think I will go bust a nut and get back shortly to send a couple more word bullets in to the discussion. Its funny that no one posts here since no one generally shows any care toward the coin itself but when free token rains in or is distributed through fork, every penurious ass on earth with a wallet and a dust in it comes here to ask for free crop.

XEM today shows a very good result of price growth - up to 27%. This is the beginning of a bigger journey!

Probably it will go to old prices. 6000-9000 satoshi

A $1bn market cap this morning. Wonder what it would look like nearer to the snapshot date later this year.

XEM is a top 25 Crypto NOW......MONTHS BEFORE the snapshot. Gonna enjoy this ride.  Go NEM!

reminds me of the NXT case during the IGNIS snapshot what will happen to the price of XEM and I'm going to take that moment back by filling the basket and spilling it 1 day before the snapshot happens