Participate in the launch of Symbol: 1 XEM = 1 XYM. Click here
Participate in the launch of Symbol:
1 XEM = 1 XYM. Click here
XYM-coins-hero-icon

Participate in the launch of Symbol: 1 XEM = 1 XYM

In December this year, NEM is launching the Symbol public blockchain. Here is everything you need to know about migrating your account from NEM NIS1 to Symbol, including Opt-in, Snapshot, and your opportunity to participate in XYM. By opting-in, XEM holders will obtain an XYM balance equal to that of their XEM balance at the time of  Snapshot.

XYM-coins-hero-icon

Participate in the launch of Symbol:
1 XEM = 1 XYM

In December this year, NEM is launching the Symbol public blockchain. Here is everything you need to know about migrating your account from NEM NIS1 to Symbol, including Opt-in, Snapshot, and your opportunity to participate in XYM. By opting-in, XEM holders will obtain an XYM balance equal to that of their XEM balance at the time of  Snapshot.

The 3 essential things you need to know
to claim your XYM

Opt-in is the process every XEM account holder must follow to receive their XYM tokens on the Symbol public blockchain when it launches. To participate in XYM, you first need to own XEM and then make a conscious action to Opt-in as outlined below. This will result in you receiving XYM. If you do not participate in Opt-in you will not receive XYM. Whether or not you choose to Opt-in, your XEM will not be affected, as will the NEM NIS1 network.

NEM wallets have been updated to include a Symbol Opt-in module, which will make it simple to Opt-in via your NEM account. You will need to download a new NEM wallet from the list below. To Opt-in via a mobile device, you will need to download a Symbol mobile app, currently Android only.

Snapshot is the state of XEM accounts (balances, configuration and namespaces) on the NEM NIS1 blockchain at a certain block height. For each 1 XEM you own at the time of Snapshot, you will be allocated 1 XYM to the Symbol account you created during the Opt-in process.

The 3 essential things you need to know to claim your XYM

Opt-in is the process every XEM account holder must follow to receive their XYM tokens on the Symbol public blockchain when it launches. To participate in XYM, you first need to own XEM and then make a conscious action to Opt-in as outlined below. This will result in you receiving XYM. If you do not participate in Opt-in you will not receive XYM. Whether or not you choose to Opt-in, your XEM will not be affected, as will the NEM NIS1 network.

NEM wallets have been updated to include a Symbol Opt-in module, which will make it simple to Opt-in via your NEM account. You will need to download a new NEM wallet from the list below. To Opt-in via a mobile device, you will need to download a Symbol mobile app, currently Android only.

Snapshot is the state of XEM accounts (balances, configuration and namespaces) on the NEM NIS1 blockchain at a certain block height. For each 1 XEM you own at the time of Snapshot, you will be allocated 1 XYM to the Symbol account you created during the Opt-in process.

Key dates in your Opt-in journey

Symbol Migration Timeline (1)

Key dates in your Opt-in journey

Symbol Migration Timeline (1)

The big questions, answered

  • Opt-in is the process every XEM account holder must follow to receive their XYM tokens on the Symbol public blockchain when it launches. To participate in XYM, you first need to own XEM and then make a conscious action to Opt-in as outlined below. This will result in you receiving XYM. If you do not participate in Opt-in you will not receive XYM. Whether or not you choose to Opt-in, your XEM will not be affected, as will the NEM NIS1 network.

The big questions, answered

  • Opt-in is the process every XEM account holder must follow to receive their XYM tokens on the Symbol public blockchain when it launches. To participate in XYM, you first need to own XEM and then make a conscious action to Opt-in as outlined below. This will result in you receiving XYM. If you do not participate in Opt-in you will not receive XYM. Whether or not you choose to Opt-in, your XEM will not be affected, as will the NEM NIS1 network.

Desktop Single Opt-in Process – 5 Steps

Desktop Single Opt-in Process – 5 Steps

Desktop Multisig Opt-in Process – 4 Steps

  • STEP 1: Opt-in Cosignatory Accounts

    You need to Opt-in ALL of your cosignatory accounts first to enable the Multisig Opt-in service. Follow the steps for Single Opt-in process here.

  • STEP 2: Register Multisig Opt-in

    1. Log in to any of your cosignatory account
    2. Go to Symbol Opt-in service
    3. Select the account you want to opt-in under Multisig tab
    4. Enter your Symbol mnemonic to unlock the account
    5. Click the Register Symbol Opt-in button

  • STEP 3: Confirm Multisig Opt-in

    1. Review your multisig Symbol account details
    2. Backup your Symbol mnemonic and download wallet file
    3. Read and accept the Terms & Conditions
    4. Enter your NEM account password to proceed
    5. Click the Confirm Symbol Opt-in button

  • STEP 4: Cosign Multisig Opt-in

    1. Log in to your other cosignatory account(s)
    2. Go to Symbol Opt-in service
    3. Select the account you want to Opt-in under Multisig tab
    4. Enter your Symbol mnemonic to unlock the account
    5. Enter your NEM account password to proceed
    6. Click the Sign Symbol Opt-in button

Desktop Multisig Opt-in Process – 4 Steps

  • STEP 1: Opt-in Cosignatory Accounts

    You need to Opt-in ALL of your cosignatory accounts first to enable the Multisig Opt-in service. Follow the steps for Single Opt-in process here.
  • STEP 2: Register Multisig Opt-in

    1. Log in to any of your cosignatory account
    2. Go to Symbol Opt-in service
    3. Select the account you want to Opt-in under Multisig tab
    4. Enter your Symbol mnemonic to unlock the account
    5. Click the Register Symbol Opt-in button
  • STEP 3: Confirm Multisig Opt-in

    1. Review your multisig Symbol account details
    2. Backup your Symbol mnemonic and download wallet file
    3. Read and accept the Terms & Conditions
    4. Enter your NEM account password to proceed
    5. Click the Confirm Symbol Opt-in button
  • STEP 4: Cosign Multisig Opt-in

    1. Log in to your other cosignatory account(s)
    2. Go to Symbol Opt-in service
    3. Select the account you want to Opt-in under Multisig tab
    4. Enter your Symbol mnemonic to unlock the account
    5. Enter your NEM account password to proceed
    6. Click the Sign Symbol Opt-in button
  • STEP 1: Opt-in Cosignatory Accounts

    You need to Opt-in ALL of your cosignatory accounts first to enable the Multisig Opt-in service. Follow the steps for Single Opt-in process here.
  • STEP 2: Register Multisig Opt-in

    1. Log in to any of your cosignatory account
    2. Go to Symbol Opt-in service
    3. Select the account you want to Opt-in under Multisig tab
    4. Enter your Symbol mnemonic to unlock the account
    5. Click the Register Symbol Opt-in button
  • STEP 3: Confirm Multisig Opt-in

    1. Review your multisig Symbol account details
    2. Backup your Symbol mnemonic and download wallet file
    3. Read and accept the Terms & Conditions
    4. Enter your NEM account password to proceed
    5. Click the Confirm Symbol Opt-in button
  • STEP 4: Cosign Multisig Opt-in

    1. Log in to your other cosignatory account(s)
    2. Go to Symbol Opt-in service
    3. Select the account you want to Opt-in under Multisig tab
    4. Enter your Symbol mnemonic to unlock the account
    5. Enter your NEM account password to proceed
    6. Click the Sign Symbol Opt-in button

Mobile Opt-in Process  – 5 Steps

Mobile Opt-in Process – 5 Steps

Migration from NEM NIS1 to Symbol: The process

Because the technology stack between NEM NIS1 and Symbol is not compatible, the Symbol blockchain will be introduced in parallel with NIS1. In order to give XEM holders agency through the migration, the token allocation of the XYM tokens will be determined by an Opt-in process. By opting-in, XEM holders will obtain an XYM balance equal to that of their XEM balance at the time of Snapshot.

It will also be possible to migrate multi-signature account configuration and any root namespaces.

Symbol-Migration-Flowchart

Migration from NEM NIS1 to Symbol: The process

Because the technology stack between NEM NIS1 and Symbol is not compatible, the Symbol blockchain will be introduced in parallel with NIS1. In order to give XEM holders agency through the migration, the token allocation of the XYM tokens will be determined by an Opt-in process. By opting-in, XEM holders will obtain an XYM balance equal to that of their XEM balance at the time of Snapshot.

It will also be possible to migrate multi-signature account configuration and any root namespaces.

Symbol-Migration-Flowchart

Terms and Conditions

To understand more about the migration from NEM NIS1 to Symbol and exercising your right to participate in XYM, please read our Terms and Conditions.

Post Launch
Opt-in Rules here

Trust Declaration of
SPV for unclaimed tokens (to follow)

Terms and Conditions

To understand more about the migration from NEM NIS1 to Symbol and exercising your right to participate in XYM, please read our Terms and Conditions.

Post Launch
Opt-in Rules here

Trust Declaration of
SPV for unclaimed tokens (to follow)