Market cap
$18.98M
0.03 %
Volume (24h)
$66.25K
0.03 %
Circulating supply
6,181,956,430 XYM
Total supply
8,999,999,999 XYM
Max. supply
8,999,999,999 XYM
Symbol (XYM)
$ 0.00
0.03 %
Main info
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Comments
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Key data
updated $0Market cap$18.98M
Volume 24h$66.25K
Circulating supply6.18B69% of max 9B
All-time high$0.54-99% from peak · 2021-11-23
Symbol (XYM) is a blockchain platform designed for businesses and developers, offering tools for digital asset creation and secure transactions. It's known for its hybrid blockchain model, combining public and private features. XYM is its native cryptocurrency, used for fees and governance.
Frequently asked questions
What is Symbol and how is it different from other blockchains?
Symbol stands out with its hybrid blockchain, allowing both public transparency and private transactions. Unlike purely public chains, it offers customizable solutions for enterprises while maintaining decentralization.
How does Symbol's consensus mechanism work?
Symbol uses a Proof-of-Stake+ (PoS+) consensus, where nodes validate transactions based on their stake and importance in the network. This ensures fast and energy-efficient operations compared to traditional Proof-of-Work systems.
How is XYM cryptocurrency issued and distributed?
XYM has a capped supply, with initial distribution through a snapshot of the NEM (XEM) blockchain. New coins are minted through block rewards, with a decreasing emission rate over time to control inflation.
How can I store and use XYM tokens?
XYM can be stored in the official Symbol wallet or compatible third-party wallets. It's used for transaction fees, staking, and participating in network governance decisions.