The Changelly team is thrilled to provide our users with an opportunity to exchange XYM tokens. Anyone can quickly and easily exchange XYM tokens at floating rates. XYM is a utility token of Symbol, the second blockchain released by the NEM Core developers.
The Symbol blockchain was designed for high security and throughput while providing extended functionality through system-level plugins. The aim of the Symbol team is to disrupt economies. They accomplish this by providing an efficient market, allowing the seamless exchange of any digital asset. The Symbol team is currently working on ZK-Starks, On-chain NFT storage, NFT marketplace, Atomic swaps, and advanced cryptocurrency wallets.
In the near future, Symbol plans to incorporate its first blockchain, NEM, as a subchain on the Symbol main net. In doing so, XEM – the native token of the NEM blockchain – will serve as the asset used in specific transaction types, such as royalties, taxes, and levies. The tax transaction type is a one time fee included in the transaction, whereas royalties and levies are programable to provide recurring payments to a creator anytime the asset is transacted. Both transaction types will be denominated in XEM, and swaps for XYM (or other subChain tokens) will be available via Symbol subchain liquidity providers.
To envision the future of Symbol, imagine a wheel of subchains connecting to an interchange layer, a hub at the center of a universe unbound from scalability limits.
Our team is excited to welcome the XYM token on Changelly. We share NEM’s team outlook on joint value creation and appreciate their efforts in making blockchain technology accessible to everyone. We believe this listing is a great step forward for both of our projects.
NEM & Symbol Resources
Changelly provides an ecosystem of products and services that enables customers to have a one-stop-shop experience when engaging with crypto.
Operating since 2015, Changelly acts as an intermediary between crypto exchanges and users, offering access to 200+ cryptocurrencies that can be effortlessly exchanged within 10 minutes on desktop and on the go via Changelly mobile app.
In 2020, Changelly branched out to accommodate the needs of traders. PRO has been built as a platform focused on the customer’s needs, effectively enabling retail buying and selling digital tokens and coins. Piggybacking on the great support system found within Changelly, Changelly PRO will provide the community with high limits, effective pricing, fast execution, and 24/7 live support.
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Changelly website: changelly.com
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