HomeCoinsNEM (XEM)Symbol launch - Snapshot and launch date announced

Symbol launch – Snapshot and launch date announced

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Symbol launch

Symbol launch date has been announced!

 

After 4 years of intense development the NEM community can finally breathe in relief with the highly anticipated and final snapshot + Symbol launch date being announced and scheduled for arrival in March.

Snapshot and end of pre-launch Opt-in is set at Block 3,105,500 on the 12th of March 2021.

The public mainnet of Symbol will have its genesis block roll out on the 15th of March 2021.

 

Symbol launch

Symbol launch will commence on the 15th March 2021.

If you want to participate in the snapshot and be part of the Symbol genesis block, don’t forget to Opt-in your XEM before Block 3,105,500 on the 12th of March.

The Opt-in can be done easily from the newest NEM Nanowallet but is supported as well by a number of trading platforms, including the two major exchanges Zaif and Binance. For more information please look at the graphic and visit the specific Symbol web page.

Symbol launch Snapshot and launch date announced

About Symbol

Symbol is a subsequent project from NEM, benefiting from its experience, solid build up and fork free runtime of close to six years with NEM’s (NIS1) genesis launched on 31st March in 2015.

The development of Symbol began in early 2017, back then under the code name “Catapult” and in cooperation with Tech Bureau’s development of “Mijin” for enterprise.

NEM & Symbol are API driven platforms enabling easy plug & play and allowing programmers to work in the language they feel most comfortable with.

As such Symbol is packed with solid high-tech and will bring a whole range of state of the art technologies to the blockchain scene. It is about to massively enhance capabilities for business, public and communal projects to utilize blockchain technology for their specific use case.

Most prominent features by now are categorized in the following – already achieved – milestones.

Catapult Development Milestone Overview(A-F):
Alpaca

Aggregated transactions (Multi-level multisignature) allow for:

  • Decentralized swaps
  • Automatic Transaction Fee Payment
  • Multi-Asset Escrowed Transactions

Multi-Level Multisignature Accounts:

  • Fraud detection
  • Account recovery
  • Manufacturing and Supply Chains
Bison
  • Account properties
  • Merkle state transition proofs
  • Cache state backing
Cow
Dragon
  • Harvesting Beneficiary
  • Mosaic inflation
  • Updated Modify Multisig Transaction
  • Cross-Network Replay Protection
Elephant

Part 1 – Proof-of-Stake+ (PoS+)

Part 2 – Mosaic Restrictions and Metadata

Part 3 – Dynamic Rental Fees & Persistent Delegated Harvesting Unlocking

Fushicho
Some of the use cases but not limited to include:
  • Currencies
  • International Remittance
  • Exchanges
  • Bank Accounts
  • Securities Trading
  • Registrations
  • IOT Micropayments
  • Insurance
  • ICOs and Utility Tokens
  • Loyalty Rewards Points
  • Inspection Records
  • Notarizations
  • Copyright Management
  • Sharing Economy
  • Trading Cards
  • Voting
  • Customer Relationship Management
  • Compliance and KYC Records
  • Logistics Tracking
  • Telecom Accounts
  • Medical Records
  • Automatic Accounting
  • User Identity Verification
  • Time Logs
  • Scientific Data Records
  • Encrypted Messaging and Storage
  • Social Media
Useful Catapult Links:

Getting Started with Catapult

NEM Foundation Catapult Roadmap and Vision

NEM Catapult: Understanding Namespaces and Mosaics

NEM Catapult Roadmap

NEM Catapult Mobile Wallet Development Roadmap

Tech Bureau Releases Mijin Catapult v.2 Production Version

NEM Studios – Designing the Go-To-Market for Catapult



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