Altcoins News

Story: NEM has Introduced a New Product SYMBOL

By Steven Anderson

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NEM CATAPULT

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NEM Opt-in for Several Years

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The momentum is building in the cryptocurrency space for 2020.  NEM has announced a public test net launch.  They are introducing a new product called "SYMBOL.

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Nate D'Amico, Chief Technical Officer of NEM Foundation, stated: "SYMBOL is built for scale with frictionless onboarding and adoption for developers and faster POC to production…

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NEM declared that an official #POI vote for the #SYMBOL ticker is to be held the forthcoming week. The community is asked to vote on their preference.

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The migration team has proposed that each account should opt-in to receive the SYMBOL tokens.  This is inclusive of the multi-sig and non-multi-sig accounts.

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The blockchain platform is developed under the name “Catapult.” SYMBOL from NEM is a full-featured solution meant for enterprises.

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SYMBOL is a new brand, and it facilitates a renewed direction for NEM's enterprise-focused blockchain solution.

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Alexandra Tinsman, NEM Foundation president, re-instated that their goal is to transform the way enterprises do business.

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The XEM token will continue to function on the NIS1 platform.  The SYMBOL token will co-exist alongside the original chain.

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The price of the XEM token is currently trending at $0.03.  NEM is one of the many active happenings in the cryptocurrency industry, contributing to overall trend changes in…

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