We still have time to load-up our XEM baskets at these discount prices.
https://forum.nem.io/t/opt-in-date-announcement/25565
1:1 ratio!
Why do these Y-weave storage baskets remind me of something?
Topic: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs - page 39. (Read 2984910 times)
August 24, 2020, 05:05:22 PM
We still have time to load-up our XEM baskets at these discount prices.
https://forum.nem.io/t/opt-in-date-announcement/25565
1:1 ratio!
Why do these Y-weave storage baskets remind me of something?
August 24, 2020, 07:16:21 AM
XEM back over 10c and showing proper signs of life for the first time in a long, long, long time. Between now and December it might actually be worth paying attention.
Shifting fluids in a corpse can look like signs of life too, but I am paying attention!!
There is big community behind this unique project who have strong believe in this and still holding tight. It is good to see finally it wake up and start moving into positive direction with a solid growth. It will be worth for it to keep holding and enjoying the ongoing ride.
August 23, 2020, 11:15:40 PM
You made me to learn more about this project, all the resources are quite useful. Thanks
August 23, 2020, 07:11:48 PM
XEM back over 10c and showing proper signs of life for the first time in a long, long, long time. Between now and December it might actually be worth paying attention.
Shifting fluids in a corpse can look like signs of life too, but I am paying attention!!
August 23, 2020, 05:58:22 PM
Hello guys,
I want to OPT-in but I can't run the SYM wallet on my laptop is there a 32bit Win file for the wallet?
I want to OPT-in but I can't run the SYM wallet on my laptop is there a 32bit Win file for the wallet?
August 23, 2020, 05:28:07 PM
Weren't there several snapshots with NXT? I think by that point they figured out NXT wasn't any use for anything other than snapshot-related pump and dumps.
XEM back over 10c and showing proper signs of life for the first time in a long, long, long time. Between now and December it might actually be worth paying attention.
XEM back over 10c and showing proper signs of life for the first time in a long, long, long time. Between now and December it might actually be worth paying attention.
August 23, 2020, 08:33:42 AM
the NXT ardor was quite some time ago.
NXT was a pretty good product, and Ardor as well inmho.
NXT was a pretty good product, and Ardor as well inmho.
August 23, 2020, 07:37:11 AM
what happens if XEM and XYM keep going
eg some people keep on the XEM chain, whats to stop them
Doyou have to burn the XEM to get the XYM
or is it like BTC / BCH you get coins on both chains?
eg some people keep on the XEM chain, whats to stop them
Doyou have to burn the XEM to get the XYM
or is it like BTC / BCH you get coins on both chains?
XEM will still exist. It is not a burn, but a snapshot. Like BTC<->BCH or ETH<->ETC.
The tendency will probably be that after the snapshot, XEM will crash in price because everyone sells it while Symbol will rise in price. At least this has been the pattern of similar snapshots so far, e.g. NXT<->ARDOR.
Do you maybe know when was that NXT<->ARDOR snaphot taking place?
August 23, 2020, 05:48:09 AM
Rebaselining of launch date and Project Plan https://forum.nem.io/t/symbol-launch-reporting-single-source-of-information/24863/17
Summary is:
- 24th Aug: Confirm optin date
- 7th Sep: Optin Opens
- 15th Sep: Code freeze, testnet launch
- 3rd - 16th Dec: Snapshot range
- 17th Dec: MainNet Launch
how about the planned CATAPULT?Summary is:
- 24th Aug: Confirm optin date
- 7th Sep: Optin Opens
- 15th Sep: Code freeze, testnet launch
- 3rd - 16th Dec: Snapshot range
- 17th Dec: MainNet Launch
whether it is not in accordance with the plan and change the previous plan
LOL, how many times have they "rebaselined" (apparently the Foundation learned a new word instead of "we need more time" or "we are pushing back the date" or "now we don't care about Catapult, it's all about Symbol") and how many more years of your time all of you are willing to give to these obvious lies.
I agree with what you said the CATAPULT that was planned was not working and now change it if this happens repeatedly and does not go according to planning then it is bad for XEM supporters note:
several times I discussed catapults always deleted posts, I only asked, not making FUD or frightened
August 23, 2020, 05:26:30 AM
what happens if XEM and XYM keep going
eg some people keep on the XEM chain, whats to stop them
Doyou have to burn the XEM to get the XYM
or is it like BTC / BCH you get coins on both chains?
eg some people keep on the XEM chain, whats to stop them
Doyou have to burn the XEM to get the XYM
or is it like BTC / BCH you get coins on both chains?
XEM will still exist. It is not a burn, but a snapshot. Like BTC<->BCH or ETH<->ETC.
The tendency will probably be that after the snapshot, XEM will crash in price because everyone sells it while Symbol will rise in price. At least this has been the pattern of similar snapshots so far, e.g. NXT<->ARDOR.
August 23, 2020, 04:17:14 AM
how do we opt in?
which wallet do we need?
What happens to XEM tokens
what happened to catapult and why?
which wallet do we need?
What happens to XEM tokens
what happened to catapult and why?
More details about opt-in to be conformed on 24th August as per earlier post on this page.
You'd need the NEM wallet - https://nemplatform.com/wallets/
There are Windows, Mac and Linux wallets as well as trezor supported.
Also Mobile wallets for Android and Apple.
XEM tokens will still remain in your wallet before and after opt-in and snapshot. You will receive one XYM token for each XEM you had in your wallet at snapshot time..
For example if you had 100 XEM, then you will receive 100 XYM and still have 100 XEM
Catapult evolved into Symbol - Catapult was the project codename, the name for the blockchain going forward is Symbol, ticker name at launch is XYM.
ok thanks
what happens if XEM and XYM keep going
eg some people keep on the XEM chain, whats to stop them
Doyou have to burn the XEM to get the XYM
or is it like BTC / BCH you get coins on both chains?
XEM and XYM keep going. No burning. same as btc/bch (without the Ver factor )
August 23, 2020, 04:08:16 AM
how do we opt in?
which wallet do we need?
What happens to XEM tokens
what happened to catapult and why?
which wallet do we need?
What happens to XEM tokens
what happened to catapult and why?
More details about opt-in to be conformed on 24th August as per earlier post on this page.
You'd need the NEM wallet - https://nemplatform.com/wallets/
There are Windows, Mac and Linux wallets as well as trezor supported.
Also Mobile wallets for Android and Apple.
XEM tokens will still remain in your wallet before and after opt-in and snapshot. You will receive one XYM token for each XEM you had in your wallet at snapshot time..
For example if you had 100 XEM, then you will receive 100 XYM and still have 100 XEM
Catapult evolved into Symbol - Catapult was the project codename, the name for the blockchain going forward is Symbol, ticker name at launch is XYM.
ok thanks
what happens if XEM and XYM keep going
eg some people keep on the XEM chain, whats to stop them
Doyou have to burn the XEM to get the XYM
or is it like BTC / BCH you get coins on both chains?
August 22, 2020, 11:51:01 PM
how do we opt in?
which wallet do we need?
What happens to XEM tokens
what happened to catapult and why?
which wallet do we need?
What happens to XEM tokens
what happened to catapult and why?
More details about opt-in to be conformed on 24th August as per earlier post on this page.
You'd need the NEM wallet - https://nemplatform.com/wallets/
There are Windows, Mac and Linux wallets as well as trezor supported.
Also Mobile wallets for Android and Apple.
XEM tokens will still remain in your wallet before and after opt-in and snapshot. You will receive one XYM token for each XEM you had in your wallet at snapshot time..
For example if you had 100 XEM, then you will receive 100 XYM and still have 100 XEM
Catapult evolved into Symbol - Catapult was the project codename, the name for the blockchain going forward is Symbol, ticker name at launch is XYM.
August 22, 2020, 11:33:51 PM
-snip-
Which leads to the next question: Why would anyone choose to NOT opt in, as he would only miss out by not doing so. It´s all a mystery to me
Sorry for my ignorance
It's for tax purposes. If investors want to receive their XYM at launch they'd opt-in before the snapshot. If they want to receive them at a later date which is more tax advantageous, in a new tax year for example, they would opt-in at a later date.
August 22, 2020, 11:11:12 PM
how do we opt in?
which wallet do we need?
What happens to XEM tokens
what happened to catapult and why?
which wallet do we need?
What happens to XEM tokens
what happened to catapult and why?
August 20, 2020, 01:38:40 PM
Rebaselining of launch date and Project Plan https://forum.nem.io/t/symbol-launch-reporting-single-source-of-information/24863/17
Summary is:
- 24th Aug: Confirm optin date
- 7th Sep: Optin Opens
- 15th Sep: Code freeze, testnet launch
- 3rd - 16th Dec: Snapshot range
- 17th Dec: MainNet Launch
Summary is:
- 24th Aug: Confirm optin date
- 7th Sep: Optin Opens
- 15th Sep: Code freeze, testnet launch
- 3rd - 16th Dec: Snapshot range
- 17th Dec: MainNet Launch
https://forum.nem.io/t/symbol-launch-reporting-single-source-of-information/24863
Good things:
- title: "Symbol Launch Reporting & *Single* Source of Information"
The one, Single place for the information is very good and was a-long-time-wish
- "The Opt In process will continue to be possible for *up to 6 years* post launch"
6 years is long enough to avoid the similar cases like the "late stake claimers of NEM"
- "NEM NIS1 Nano Wallet - a module will be added"
That might be the easiest way to Opt in, because all the nemsters have likely used Nano Wallet already
and are familiar with it.
Open items:
- "NGL Marketing" ... "NGL" ... ?
"DAO" ... etc.
The List of Accronyms should be a mandatory part of any tech spec.
August 17, 2020, 09:35:46 AM
This project is really great from a technical standpoint, i love it and am hodling, but i´m afraid it´s all much to confusing for potential new investors, while there´s simpler to understand projects, like Bitcoin, going to the moon in the meantime . . .
Ah well, we´re in it only for the tech anyway, right ?
Ah well, we´re in it only for the tech anyway, right ?
I expect between now and the snapshot date alts will have moments when they pump harder. There could be a completely separate alt run as there was in early 2017 where BTC did effectively nothing and everything else went mad. The snapshot is very well timed to catch it.
If the opportunity arises to dump the lot for a healthy amount pre snapshot I'm going to take it. XEM will go back to sleep forever apart from the occasional twitch or be dragged along from the ride in a generalised mania. XYM has the double problem of being new and arising from something that has suffered from eternal invisibility.
It could do wonderfully and I hope it does. I'm kinda past caring now.
It's never had a tech problem. It has always had a perception problem, or near complete lack thereof.
August 17, 2020, 09:20:34 AM
Below is copy paste reply from nem.forum regarding questions about opt in
"The Opt In process works as below (full guides will be produced in the near future, for when it opens):
Pre-Launch Opt In: Anyone who opts in before snapshot will receive xym at genesis/nemesis of Symbol
Snapshot: Balances of NIS1 will be snapshot at a specific block height
Genesis/Nemesis: Will occur at launch and release xym to holders that opted in pre-launch, they will receive the same amount of XYM as the amount of XEM they held at snapshot
Unclaimed Balances: Any balances of XEM at launch that were not opted in, will be held for up to 6 years to allow claims
Post Launch Opt In: Anyone who held XEM at snapshot and didn’t opt in pre-launch, will be able to claim their tokens from the unclaimed balances for up to 6 years
To the question of whether exchange will receive them to be able to list before general distribution? (I’m paraphrasing). The exchanges will have to opt in, he same as other holders, in order to receive their XYM. Therefore they will not hold any XYM before other holders.
It is up to the individual exchanges to decide how/when/if they opt in and/or distribute any xym tokens since they will control the keys to the accounts.
The question is generally asked so people can ascertain the value of the token at time it is distributed, given the token will not have been in existence until genesis/nemesis and all holders will receive it at the same time, it seems a reasonable assertion (and is the one I will be using personally with my accountant) to say that the token was of 0 value at the time you received it. I am not a tax advisor or lawyer (and all the usual disclaimers you would expect here) and people do need to check it for their own personal circumstances and locations."
"The Opt In process works as below (full guides will be produced in the near future, for when it opens):
Pre-Launch Opt In: Anyone who opts in before snapshot will receive xym at genesis/nemesis of Symbol
Snapshot: Balances of NIS1 will be snapshot at a specific block height
Genesis/Nemesis: Will occur at launch and release xym to holders that opted in pre-launch, they will receive the same amount of XYM as the amount of XEM they held at snapshot
Unclaimed Balances: Any balances of XEM at launch that were not opted in, will be held for up to 6 years to allow claims
Post Launch Opt In: Anyone who held XEM at snapshot and didn’t opt in pre-launch, will be able to claim their tokens from the unclaimed balances for up to 6 years
To the question of whether exchange will receive them to be able to list before general distribution? (I’m paraphrasing). The exchanges will have to opt in, he same as other holders, in order to receive their XYM. Therefore they will not hold any XYM before other holders.
It is up to the individual exchanges to decide how/when/if they opt in and/or distribute any xym tokens since they will control the keys to the accounts.
The question is generally asked so people can ascertain the value of the token at time it is distributed, given the token will not have been in existence until genesis/nemesis and all holders will receive it at the same time, it seems a reasonable assertion (and is the one I will be using personally with my accountant) to say that the token was of 0 value at the time you received it. I am not a tax advisor or lawyer (and all the usual disclaimers you would expect here) and people do need to check it for their own personal circumstances and locations."
Ahem, i still don´t understand the advantages of "opting in early" vs "opting in late", as it seems to make no difference for me, other then being able to trade XYM early.
So the only point of interest for me is the snapshot and my NEM balance at the time then.
As i won´t lose any NEMs in the process anyway, what´s the fuzz about this "opting in moment" ?
Sure, i won´t wait for 6 years to opt in and wait for the XYM-Project to fade away in the meantime, but opting in before or after snapshot really makes no difference for me, does it ? So why is that such a talking point ?
Which leads to the next question: Why would anyone choose to NOT opt in, as he would only miss out by not doing so. It´s all a mystery to me
Sorry for my ignorance.
This project is really great from a technical standpoint, i love it and am hodling, but i´m afraid it´s all much to confusing for potential new investors, while there´s simpler to understand projects, like Bitcoin, going to the moon in the meantime . . .
Ah well, we´re in it only for the tech anyway, right ?
August 17, 2020, 08:34:07 AM
Rebaselining of launch date and Project Plan https://forum.nem.io/t/symbol-launch-reporting-single-source-of-information/24863/17
Summary is:
- 24th Aug: Confirm optin date
- 7th Sep: Optin Opens
- 15th Sep: Code freeze, testnet launch
- 3rd - 16th Dec: Snapshot range
- 17th Dec: MainNet Launch
Summary is:
- 24th Aug: Confirm optin date
- 7th Sep: Optin Opens
- 15th Sep: Code freeze, testnet launch
- 3rd - 16th Dec: Snapshot range
- 17th Dec: MainNet Launch
Still in this year and it's August.
I'm cool with that
NEM will continue to go up till the snapshot in Dec
August 17, 2020, 02:32:20 AM
Rebaselining of launch date and Project Plan https://forum.nem.io/t/symbol-launch-reporting-single-source-of-information/24863/17
LOL, how many times have they "rebaselined" (apparently the Foundation learned a new word instead of "we need more time" or "we are pushing back the date" or "now we don't care about Catapult, it's all about Symbol") and how many more years of your time all of you are willing to give to these obvious lies.
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