satb
Member
 Offline
Activity: 202
Merit: 30
forum.nem.io
|
 |
August 23, 2020, 04:33:51 AM Merited by pfrtlpfmpf (1) |
|
-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. |
|
|
|
satb
Member
Offline
Activity: 202
Merit: 30
forum.nem.io
|
|
August 23, 2020, 04:51:01 AM |
|
how do we opt in?  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. |
|
|
|
jubalix
Legendary
Offline
Activity: 2632
Merit: 1023
|
|
August 23, 2020, 09:08:16 AM |
|
how do we opt in? 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? |
|
|
|
fragout
Legendary
Offline
Activity: 1279
Merit: 1018
|
|
August 23, 2020, 09:17:14 AM |
|
how do we opt in? 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 ) |
|
|
|
|
tyz
Legendary
Offline
Activity: 3360
Merit: 1533
|
|
August 23, 2020, 10:26:30 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?
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. |
|
|
|
|
seven.71
Sr. Member
Offline
Activity: 770
Merit: 251
live the dream but don't live the dream
|
|
August 23, 2020, 10:48:09 AM |
|
how about the planned CATAPULT? whether it is not in accordance with the plan and change the previous plan 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
|
|
|
|
|
freigeist
|
|
August 23, 2020, 12:37:11 PM |
|
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 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? |
|
|
|
jubalix
Legendary
Offline
Activity: 2632
Merit: 1023
|
|
August 23, 2020, 01:33:42 PM |
|
the NXT ardor was quite some time ago.
NXT was a pretty good product, and Ardor as well inmho.
|
|
|
|
gentlemand
Legendary
Offline
Activity: 2590
Merit: 3014
Welt Am Draht
|
|
August 23, 2020, 10:28:07 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.
|
|
|
|
|
|
gsxrl3oi
|
|
August 23, 2020, 10:58:22 PM
Last edit: August 23, 2020, 11:12:24 PM by gsxrl3oi |
|
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?
|
|
|
|
|
|
boomboom
|
|
August 24, 2020, 12:11:48 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!! |
|
|
|
|
gbrendeh
Jr. Member
Offline
Activity: 172
Merit: 1
|
|
August 24, 2020, 04:15:40 AM |
|
You made me to learn more about this project, all the resources are quite useful. Thanks
|
|
|
|
|
dishku
Legendary
Offline
Activity: 1918
Merit: 1003
|
|
August 24, 2020, 12:16:21 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!! 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. |
|
|
|
|
KimNg
Member
Offline
Activity: 169
Merit: 10
|
|
August 24, 2020, 10:05:22 PM
Last edit: August 24, 2020, 10:18:09 PM by KimNg |
|
 We still have time to load-up our XEM baskets at these discount prices. https://forum.nem.io/t/opt-in-date-announcement/255651:1 ratio!   Why do these Y-weave storage baskets remind me of something?  |
|
|
|
|
|
|
contraband
|
|
August 28, 2020, 09:40:05 PM |
|
XEM is a top 25 Crypto NOW......MONTHS BEFORE the snapshot. Gonna enjoy this ride. Go NEM!
|
|
|
|
|
satb
Member
Offline
Activity: 202
Merit: 30
forum.nem.io
|
|
August 29, 2020, 03:28:25 AM
Last edit: August 29, 2020, 07:12:41 AM by satb |
|
A $1bn market cap this morning. Wonder what it would look like nearer to the snapshot date later this year.
|
|
|
|
|
DenisZabar
|
|
August 29, 2020, 09:40:57 AM |
|
A $1bn market cap this morning. Wonder what it would look like nearer to the snapshot date later this year.
Probably it will go to old prices. 6000-9000 satoshi |
|
|
|
Bad_4_Trader
Newbie
Offline
Activity: 16
Merit: 0
|
|
August 29, 2020, 12:27:01 PM |
|
XEM today shows a very good result of price growth - up to 27%. This is the beginning of a bigger journey!
|
|
|
|
|
|
synthgauge
|
|
August 29, 2020, 08:30:20 PM
Last edit: August 31, 2020, 10:03:23 PM by synthgauge |
|
-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. 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. |
|
|
|
|
|
