Opt-in Launch Date Announced for NEM Based Symbol

Opt-in for NEM based Symbol has been announced. The opt-in will be starting from September 15th. Earlier, the launch was scheduled for September 7th, but it was decided to delay the opt-in by another eight days to allow for testing and UX/UI improvement.

Details of the Opt-in

Opt-in is a technique that can be used by current XEM holders at the point of Snapshot to claim XYM tokens they have. This is the method in place prior to Symbol’s scheduled new chain launch in December.

However, it is necessary to comprehend and accept all the terms and conditions mentioned on the website. These terms and conditions are also part of the opt-in process. These terms and conditions and the opt-in website pages will be going live on September 15th.

XEM Balance and Tokens

It is worth mentioning here that at the point of Snapshot, XYM equivalent of your XEM balance will get allocated into your wallet. In addition, holders will be allowed to opt-in and claim their XYM tokens for a maximum of six years after the launch, and exact details of how this can be done will be shared in some time.

What you can opt-in?

Using NEM desktop and mobile wallet it will be possible to opt-in from September 15th into the following:

1. Single accounts that can include harvesting keys and namespaces.
2. Multi-signature accounts that can include harvesting keys and namespaces. But iOS will not be available at the moment due to its centralized approval procedure.