NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs

[seven.71]

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

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

[Karolis]

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?

[meyer]

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

[KimNg]

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

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

[satb]

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?

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

[satb]

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

[R4shify]

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


Bitpanda will not support  airdrop

[bitalk1]

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

[Fr4ncesco]

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 ?

[jkoil]

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 ?

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.

[Fr4ncesco]

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 ?

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.

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 

[gentlemand]

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 

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.

[seven.71]

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

[KimNg]

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. 

[brrzzz]

What about the withdrawals and inputs on the exchange? They answer that the developers do not update the wallet, so everything is closed, and as I understood that this situation has been around for a long time, can I somehow solve the problem? Are there any official representatives in the branch? I am writing about problems with the exchange =yobit

[DenisZabar]

What about the withdrawals and inputs on the exchange? They answer that the developers do not update the wallet, so everything is closed, and as I understood that this situation has been around for a long time, can I somehow solve the problem? Are there any official representatives in the branch? I am writing about problems with the exchange =yobit

YOBIT is a SCAM exchange.   Don't trade anything there. Regards

https://techmagy.com/yobit-is-a-scam/

[seven.71]

What about the withdrawals and inputs on the exchange? They answer that the developers do not update the wallet, so everything is closed, and as I understood that this situation has been around for a long time, can I somehow solve the problem? Are there any official representatives in the branch? I am writing about problems with the exchange =yobit

can you leave that damn Yobit exchange, almost all the wallets there are not updated even to update their wallet they charge a fee so i advise you to leave the scam exchange

all Crypto communities already know that Yobit is a scam

[PavelPav]

There is news regarding the swap of the XEM coin to the Symbol coin. Can anyone suggest whether you need to register somewhere for this?

[seven.71]

There is news regarding the swap of the XEM coin to the Symbol coin. Can anyone suggest whether you need to register somewhere for this?

It happened on the 15th of this month and you don't need to register, just save in a wallet that supports the event, specifically the XEM wallet

[satb]

There will be an update to the wallet I believe that will support the opt-in process.   This is on the opt-in date of 15th September.