Symbol is a blockchain infrastructure that operates as part of NEM (New Economy Movement). NEM was built to help drive broader cryptocurrency adoption and expand its real-world use. Symbol’s blockchain is tailored to give developers a foundation for constructing more advanced networks, with smooth interoperability across both private and public blockchains. 

XYM is the native cryptocurrency of the Symbol blockchain. It was introduced in 2021 and has a maximum supply of 8999999999. 

What are Symbol’s key features and how does it work?

Symbol relies on a proof-of-stake consensus model. The goal is to strengthen interoperability and communication with other blockchains, while also lowering the energy needed to run the network. Network participants include node operators, general users, investors, and harvesters. Harvesters either operate nodes or keep XYM holdings.

Symbol is known for its flexibility, largely due to its hybrid blockchain architecture. While the protocol is primarily oriented toward security token offerings (STOs) and regulated assets, Symbol’s underlying technology lets users form a wide range of digital assets. This can cover NFTs, stock shares, cryptocurrency, signatures, and more.

The network also enables quick cross-chain swaps designed to be straightforward to carry out.

What can XYM be used for?

XYM, Symbol’s native token, is used to encourage general platform activity-such as covering transactions-as well as for platform staking. It is also distributed to stakers as a reward for supporting the network’s security.

Where can you buy XYM?

XYM can be traded on the CEXs and DEXs shown here. Among the most widely used venues with the highest liquidity are MEXC Global, KuCoin, and Gate.io. XYM’s price will depend on the exchange you choose and broader market conditions. To see current and historical XYM price information, check the price charts on this page.