Good news for XEM holders: BTCNEXT and QDAO DeFi users will get XYM tokens air-dropped into their accounts!

BTCNEXT and QDAO DeFi users will participate in NEM’s airdrop and receive XYM tokens. The bonus will be assigned in a 1:1 ratio to all XEM holders that have at least 100 coins on their balance by clicking on the ‘Claim my coins’ button.

About the XYM airdrop

Symbol is a next-generation decentralized blockchain platform by NEM that was created to connect businesses with blockchain and to help them implement cryptocurrency transactions. This platform reduces the cost and complexity of financial operations and boosts capital value. Symbol boasts security, usability and speed, which makes it an awesome option for developers and enterprise users alike.

Important Update: According to the official announcement, the Symbol blockchain will be launched in February 2021 — the exact date is to be defined after voting. It will start together with the airdrop, during which all eligible XEM holders with at least 100 coins on their balance will receive XYM at a 1:1 ratio.

Let us take care of your coins!

“What should BTCNEXT/QDAO DeFi users do to receive their XYM share?”

We’ve made it very easy for our customers! There’s no need to install the Symbol wallet or register on third-party platforms — we will take care of the token distribution for you. Snapshots of users’ wallets will be taken in February 2021 to confirm their XEM balance.

The only requirement for our customers is that they have at least 100 XEM tokens on their QDAO DeFi account. If you have XEM stored on your BTCNEXT wallet, please move your coins to a QDAO DeFi account on the Noah platform. Once the Symbol mainnet goes live together with the airdrop, you will see the ‘Claim my coins’ button in the interface and you will have 45 days to click on it. After clicking, you will receive your free XYM which will be dropped in a 1:1 ratio with your XEM tokens. No additional confirmation is required!

“Is the airdrop period limited?”

According to NEM, XEM users can confirm that they ’opt-in’ within six years after the Symbol mainnet launch. However, BTCNEXT and QDAO DeFi users have 45 days to click on the ‘Claim my coins’ button after the moment of the snapshot. Unclaimed XYM coins will be used for BTCNEXT and QDAO DeFi development.

“What can I do with my XYM tokens?”

Like any other cryptocurrency, XYM will be tradable. So far, only a few major exchanges have confirmed the listing of XYM but BTCNEXT will introduce it soon after the airdrop.

Wrapping up

The price of XYM is being kept secret but clearly, the token has great potential and might increase in value exponentially. It might be a nice opportunity to multiply your crypto riches.

So far, not many major exchanges have announced their support of the XYM airdrop, so our users can enjoy an exclusive opportunity to acquire XYM tokens without having to download the Symbol wallet or confirm their participation.

Be the first to know when the airdrop is on! More info is available on BTCNEXT, QDAO DeFi and our social media: Twitter, Facebook, Telegram, LINE (for the Japanese-speaking community) and Telegram for English-speaking participants.

Disclaimer: The opinions expressed in this blog post are for general informational purposes only and are not intended to provide specific advice or recommendations to any individual or on any specific security or investment product. It is only intended to provide some education about the financial product. The views reflected in the post are subject to change at any time and without prior notice.




Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

Fungible vs Non-fungible Tokens

The Battle Of San Diego

Goldfinch increases profits and connects people with the help of blockchain-based applications…

What is a compounded return and why is it important to know about it?

It Takes A Village

Catnip Money — NFT Update

Vectornomics — a Breakdown of our Token Distribution

What Is NEXO & Why Is Its Price Going Up While the Rest of the Market Is Down

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store


More from Medium

FibSwap — December in Nutshell

What Is Liquid Staking?

How and Where to Buy MarkMeta Coin ($MMT) — A Complete Guide for Beginners

How and Where to Buy MarkMeta Coin ($MMT)

🔥Grand Token Sale Has Just Resumed