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Symbol news
About Symbol
Symbol is a blockchain platform launched in March of 2021. It's the spiritual successor to NEM, featuring a new consensus algorithm called proof-of-stake-plus (PoS+), rule-based tokens (called mosaics), namespaces, multisignature accounts, and aggregate transactions. Its client, Catapult, is written in C++.
Symbol has a cult following in Japan and Korea. The community can be primarily found on Twitter, LINE, and KakaoTalk. Some of the most notable projects built on Symbol include:
QUEST | a bounty and tipping platform for creators. Follow the official Twitter account here.
SYMBOARD | a loyalty and rewards card for businesses. Follow the official Twitter account here.
NFT DRIVE | a on-chain media and content storage service. Follow the official Twitter account here.
COMSA | a novel NFT marketplace developed and designed for the Japanese cryptocurrency community.
In November 2021, Symbol was forked by a pseudonymous team of cryptocurrency experts and enthusiasts alike. Titled Cyprus, this hard fork signaled the community’s intent to turn Symbol into the world’s leading omnichain platform with content-specific, scalable shards - powered by zk-STARKs.
Symbol aims to solve for problems inherent in EVM-based platforms and omnichain solutions, where security is often defined at a smart-contract level (versus a network-wide level); where L2 validators are centralized and not incentivized; and where new features and functionality are decided by central client teams versus a fair and free market.
The live Symbol price today is $0.014744 USD with a 24-hour trading volume of $341,389 USD. We update our XYM to USD price in real-time. Symbol is up 1.34% in the last 24 hours. The current CoinMarketCap ranking is #384, with a live market cap of $89,730,295 USD. It has a circulating supply of 6,086,070,868 XYM coins and a max. supply of 8,999,999,999 XYM coins.
If you would like to know where to buy Symbol at the current rate, the top cryptocurrency exchanges for trading in Symbol stock are currently Bybit, BTCC, Bitrue, OrangeX, and BingX. You can find others listed on our crypto exchanges page.