Market Data
About Symbol
XYM is the native utility token of Symbol, a blockchain platform launched in March 2021 as the successor to NEM. Symbol utilizes a unique consensus algorithm known as proof-of-stake-plus (PoS+) and supports advanced features such as rule-based tokens (mosaics), namespaces, multisignature accounts, and aggregate transactions. The asset is used for transaction fees and incentivizing network participants, facilitating seamless interaction between public and private chains within the ecosystem.
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