Question 1

What is it?

Accepted Answer

**The Token**
Symbol (XYM) is a native cryptocurrency that powers the Symbol blockchain platform. This token plays a crucial role in the functionality of the platform by facilitating transaction fees and serving as the primary token in the Symbol ecosystem.

**The Platform**
The Symbol blockchain is an enterprise-grade, hybrid blockchain platform developed by NEM Group. Symbol is designed to bring a series of enhancements to the NEM ecosystem, including better speed, usability, and security. It is particularly aimed at businesses, with features that enable the creation of specialized assets with configurable properties, multi-level multi-signature accounts, and an array of advanced plug-and-play features.

Question 2

What is it used for?

Accepted Answer

Symbol (XYM) is used for multiple purposes within the Symbol blockchain platform. It serves as the primary form of payment for transactions and data storage on the network. The token is also used to incentivize node participation in the network through rewards. Furthermore, businesses using Symbol can leverage XYM for the creation and management of their custom assets or smart contracts.

Additionally, XYM is a governance token, giving holders voting rights on critical matters concerning the network's development and evolution.

Question 3

Who created it?

Accepted Answer

Symbol and its native token XYM were developed by NEM Group, an organization known for developing the NEM (XEM) blockchain. The group has extensive experience in blockchain technology and has fostered a strong and active community around NEM and now Symbol.

#	Instrument	Exchange	Benchmark Score	Price	24h Change	24h Volume	24h Trades	24h Open	24h High
1	XYM-USDT XYM_USDT	gateio	A	0.003071USDT	0.16%	154,775.65XYM	45	0.003066USDT	0.003194USDT
2	XYM-USDT XYMUSDT	mexc	C	0.003088USDT	1.08%	16,689,287.54XYM	3,094	0.003055USDT	0.003199USDT
3	XYM-JPY xym_jpy	bitbank	C	0.4830JPY	0.00%	4,767,007.83XYM	407	0.4830JPY	0.5070JPY
4	XYM-JPY XYMJPY	zaif	-	0.4951JPY	1.35%	1,098,677.20XYM	259	0.4885JPY	0.4985JPY
5	XYM-USDT XYM_USDT	poloniex	C	0.002700USDT	-1.46%	1,366.59XYM	3	0.002740USDT	0.002840USDT
6	XYM-BTC xym_btc	yobit	-	0.0₇5000BTC	0.00%	0XYM	0	0.0₇5000BTC	0.0₇5000BTC
7	XYM-BTC XYMBTC	zaif	-	0.0₇4000BTC	0.00%	0XYM	0	0.0₇4000BTC	0.0₇4000BTC
8	XYM-USD xym_usd	yobit	-	0.003298USD	0.00%	0XYM	0	0.003298USD	0.003298USD
9	XYM-JPY xymjpy	huobijapan	E	0.4990JPY	2.67%	143.82XYM	8	0.4860JPY	0.5010JPY
10	XYM-ETH xym_eth	yobit	-	0.0₅1330ETH	0.00%	0XYM	0	0.0₅1330ETH	0.0₅1330ETH
11	XYM-USDT XYMUSDT	latoken	D	0.002818USDT	-6.11%	10.86XYM	51	0.003001USDT	0.003095USDT
12	XYM-WAVES xym_waves	yobit	-	0.01486WAVES	0.00%	0XYM	0	0.01486WAVES	0.01486WAVES
13	XYM-DOGE xym_doge	yobit	-	0.03481DOGE	0.00%	0XYM	0	0.03481DOGE	0.03481DOGE