Topic: Wildly overlooked alt: Symbol (XYM) - Official hard fork of NEM (Read 60 times)
Looking at Nem's recent bounce back, I suspect it's largely about chart history.. So many people only look at market history, technicals, and charting rather than the actual substance of a project these days.. Not a very smart long term approach. I'm definitely holding. Firmly believe xym will easily pass Nem as it gets more attention
If you can afford to have some in your portfolio it is definitely a low cost risk that’s worth taking, a fair bit goin on in the background at the moment. People said Bitcoin reached its peak years ago (not to imply they are of the same quality by any means just a mere reference to market impression vs actuality) also that dogecoin had crashed and reached its peak last year….again just a representation that no one knows what will happen and for such a low cost (especially if your already holding it) my belief is that it’s worth the risk but DYOR to see if falls into your risk comfort level
XYM has been divided about 6 times from its all time high. If you did not sell it when $XYM was exchanged about $0.3, now it is not time to sell your $XYM.
The chart shows it bottomed already and only need time and some product releases from Symbol team to begin a hot rally. In the meantime, you can use your $XYM to stake and get staking rewards. Why do you not stake your $XYM?
The chart shows it bottomed already and only need time and some product releases from Symbol team to begin a hot rally. In the meantime, you can use your $XYM to stake and get staking rewards. Why do you not stake your $XYM?
Im still keeping my xym tokens from the airdrop. Yeah it still kinda low and Im wondering why it hasnt move yet considering a lot of progress has been posted on their social media sites.
Im starting to think to sell it if this continue but who knows if the whales noticed xym tokens and starting to move soon. I am not so optimisitc but a free token from snapshot is a good for holding since its just a free token anyway.
Im starting to think to sell it if this continue but who knows if the whales noticed xym tokens and starting to move soon. I am not so optimisitc but a free token from snapshot is a good for holding since its just a free token anyway.
Howdy Bitcointalk - it's been FAR too long since I last visited!
I've recently spent some time looking through a number of threads and felt the need to chime in on Symbol (XYM) https://symbolplatform.com/xym/ - NEM's long promised Catapult project . Catapult was initially intended as a monumental upgrade to the NEM blockchain, but the NEM Foundation opted (or needed) to implement it as a fork of NEM - creating Symbol. Anyone who held NEM at the fork is able to redeem XYM at a 1:1 ratio and effectively migrate to the new chain (without losing any NEM of course). NEM continues to exist and remains supported by the NEM Foundation, but with years of additional development behind it, XYM is pretty clearly the way forward..
Surprisingly, NEM remains priced above XYM - I believe largely due to NEM's name recognition and a broad lack of awareness of this transition.. I'm a longtime crypto enthusiast and fully understand just how easy it is to lose track of the myriad of projects out there; it seems to me that many NEM holders and buyers may still expect that Catapult will someday launch NEM to the moon, completely unaware that it launched a few months ago. NEM has long been referred to as the 'Sleeping Dragon', and it seems the lack of big news for Symbol since it's launch has largely kept it under the radar for now.. Once news of partnerships and business adoption begins to trickle in, I suspect more and more people will start connecting the dots and realize that XYM is in fact NEM 2.0, and wildly underpriced as such.
What's more - NEM's fee-based harvesting (staking) reward system was never particularly lucrative. I harvested NEM for years and the rewards have always been laughable. Symbol completely changed this with a hefty block reward system. I might have received up to 6-8 NEM in transaction fees on a LUCKY block, with most blocks netting little or no rewards; harvesting Symbol presently nets a consistent 128 XYM PER BLOCK plus transaction fees.. Four months of harvesting has netted a 2+% return on my delegated (staked) balance!
I must admit that I am a long time fan and supporter of NEM (among other green cryptocurrencies), and my opinions here are undoubtedly influenced by this.. Biases aside, there is no arguing that XYM is NEM 2.0, is priced below NEM, remains largely unknown, provides much better block rewards than NEM (more incentive to hold), and has the potential to grow considerably as adoption and recognition of its place as NEM's successor grows.
I've recently spent some time looking through a number of threads and felt the need to chime in on Symbol (XYM) https://symbolplatform.com/xym/ - NEM's long promised Catapult project . Catapult was initially intended as a monumental upgrade to the NEM blockchain, but the NEM Foundation opted (or needed) to implement it as a fork of NEM - creating Symbol. Anyone who held NEM at the fork is able to redeem XYM at a 1:1 ratio and effectively migrate to the new chain (without losing any NEM of course). NEM continues to exist and remains supported by the NEM Foundation, but with years of additional development behind it, XYM is pretty clearly the way forward..
Surprisingly, NEM remains priced above XYM - I believe largely due to NEM's name recognition and a broad lack of awareness of this transition.. I'm a longtime crypto enthusiast and fully understand just how easy it is to lose track of the myriad of projects out there; it seems to me that many NEM holders and buyers may still expect that Catapult will someday launch NEM to the moon, completely unaware that it launched a few months ago. NEM has long been referred to as the 'Sleeping Dragon', and it seems the lack of big news for Symbol since it's launch has largely kept it under the radar for now.. Once news of partnerships and business adoption begins to trickle in, I suspect more and more people will start connecting the dots and realize that XYM is in fact NEM 2.0, and wildly underpriced as such.
What's more - NEM's fee-based harvesting (staking) reward system was never particularly lucrative. I harvested NEM for years and the rewards have always been laughable. Symbol completely changed this with a hefty block reward system. I might have received up to 6-8 NEM in transaction fees on a LUCKY block, with most blocks netting little or no rewards; harvesting Symbol presently nets a consistent 128 XYM PER BLOCK plus transaction fees.. Four months of harvesting has netted a 2+% return on my delegated (staked) balance!
I must admit that I am a long time fan and supporter of NEM (among other green cryptocurrencies), and my opinions here are undoubtedly influenced by this.. Biases aside, there is no arguing that XYM is NEM 2.0, is priced below NEM, remains largely unknown, provides much better block rewards than NEM (more incentive to hold), and has the potential to grow considerably as adoption and recognition of its place as NEM's successor grows.
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