Dear CoinEx users,
CoinEx will support the Symbol (XYM) airdrop program and opt-in on behalf of users holding XEM on CoinEx. The snapshot of XEM holders will be taken at the specified time and XYM tokens will be distributed proportionally. And the specific arrangements will be announced separately according to the actual situation, please stay concerned.
If you’ve held XEM on CoinEx, during the swap, you do not need to do anything particularly. If you want to have your XEM swapped effortlessly, you may also deposit XEM to CoinEx before the snapshot.
NEM is a peer-to-peer cryptocurrency and blockchain platform launched on March 31, 2015. Written in Java, with a C++ version in the works, NEM has a stated goal of a wide distribution model and has introduced new features to blockchain technology such as its proof-of-importance (POI) algorithm, multisignature accounts, encrypted messaging, and an Eigentrust++ reputation system. The NEM blockchain software is used in a commercial blockchain called Mijin, which is being tested by financial institutions and private companies in Japan and internationally. NEM technology allows multiple ledgers to coexist on one blockchain. Thanks to NEM Smart Assets users can create mosaics which can represent any asset (e.g. currency). All transactions in NEM have transaction fee associated with them and denomination used to pay for transactions is mosaic named XEM. In 2017 the NEM Foundation opened a center in Kuala Lumpur, Malaysia, to serve as an incubator, accelerator, and co-working space.
Crypto products are innovative investment products with large price fluctuations as well as high investment risks. Therefore, please evaluate and invest wisely based on your risk tolerance and financial resources.
CoinEx reserves the right of final interpretation of this announcement.
January 4, 2020
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Dear CoinEx users,