Gate.io Blog What is Symbol XYM Crypto, and How to Buy XYM?

What is Symbol XYM Crypto, and How to Buy XYM?

30 April 15:32

Symbol (XYM) is the native cryptocurrency of the Symbol public blockchain. XYM launched in the first quarter of 2021. A product of the NEM Group, XYM is based on the Symbol blockchain. The Gibraltar-based NEM Group said they are looking into encouraging interoperability and collaboration with the other blockchain and not competing. The currency is used for transactions to incentivize the network of public nodes that process and record transactions, giving XYM fundamental value as the currency of a functioning new economy. The token is how the developers use technology to create a fairer society that is more inclusive and accessible.

How does XYM work?

XYM is hosted on the Symbol public chain, a self-sustaining economic ecosystem involving node operators, harvesters, investors, users, and the XYM token. It, therefore, means that Symbol blockchain is similar to many decentralized blockchains, although there are special differences that make it easier for anyone to earn rewards.

The initial supply of XYM tokens at the time of release was 7,842,928,625 XYM, while the maximum supply was 8,999,999,999 XYM. However, the inflation rate is pegged to Bitcoin inflation and is extending out over the next 100 years. Another 1,157,971,374 XYM was created for inflationary rewards over time. Just like it happens with the mining rewards, XYM’s rewards are released to each block creator but based on the Proof of State+ (POS+) system. Node operators keep the Symbol protocol robust and decentralized, and they earn rewards in return.

Where to buy XYM-USDT?

You can buy XYM from Gate.io, which provides live prices and allows 24-hour trading. Gate.io is one of the oldest and trusted crypto-to-crypto exchange since 2013. The exchange has a powerful trading engine that would easily allow you to trade any crypto coin for XYM. The platform has the largest pool of various crypto coins (over 400 currencies) and is the cheapest exchange for individual coins like USDT, ETH, or TRX.

All you need is to sign up on Gate.io by filling in your details, create an account, and confirm your identity (KYC). Now you can deposit any digital asset supported by the exchange and use it to buy XYM tokens.

How to have XYM AirDrop?

You can get airdrops as a XEM holder, where Gate.io will allocate you XYM airdrop at the ratio of 1 XEM: 1 XYM. To get this, you can enter “Account Management- My Funds- Bill Details” to inquire.

XYM coin price prediction 2025

XYM coin price prediction is to rise by up to a high of USD 1.81 and a low of US$1.47 by 2025, according to Digitalcoinprice.

It means that XYM project will be a profitable investment based on the forecast. You can buy XYM coin at XYM-USDT and hold it for future profit.

Conclusion

XYM, as the native currency of Symbol blockchain, is turning out to be quite popular based on its recent growth and development changes.

The price of XYM is only projected to grow. Hence you can acquire XYM by exchanging it with other many tokens hosted on Gate.io and hold the former for future profitability.

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