Symbol (XYM) Price

Launched in March 2021, Symbol (XYM) is an open-source decentralized network that was created by a group of pseudonymous crypto enthusiasts. The Symbol (XYM) platform was designed for the sole purpose of solving problems that plague platforms that are based on the Ethereum Virtual Machine (EVM) which is the underlying technology that supports the Ethereum (ETH) network. The platform also intends to solve the problems of security at the smart-contract level affecting centralized omnichain platforms. 

Symbol (XYM) Features and Updates

One of the main features of the Symbol (XYM) is its special ability to help businesses to reduce costs and enable them to generate value for their enterprises. The Symbol (XYM) network is focused on making its network a business-oriented value exchange that will provide the functions of reliability and safety for its users. 

Another special feature of the Symbol (XYM) platform is its aim to speed up the inventiveness of the platform. This can be achieved by the minimization of corporate disagreements in businesses and also help in the coordination of ideas which will enable trustworthiness in the enterprises. These features will enable business enterprises, organizations, creators, and developers to work together seamlessly. 

The Symbol (XYM) platform is leveraging the benefits associated with non-fungible tokens (NFTs) and the Metaverse to build several n the Symbol (XYM) such as Quest, Symboard, NFT Drive, The Tower, and Comsa

The Symbol (XYM) Team 

Although the actual founders of the Symbol (XYM) platform are anonymous, the platform was launched by the NEM Foundation. Jeff McDonald, Erik Van Himbergen, Lon Wong, and Leon Yeoh are the co-founders of the NEM foundation.