Symbol (XYM) opt-in is now supported on the New Capital Exchange

New Capital
New Capital
Published in
2 min readSep 15, 2020

The NEM Group has officially published the details of their Symbol opt-in launch, which will allow holders of XEM coins to receive an equivalent amount of XYM coins on the Symbol mainnet blockchain. The estimated snapshot date on which holders of XEM coins will be eligible for this award is scheduled for early December 2020. Users wishing to participate in this event may do so via their mobile or desktop NEM wallets, or through selected crypto exchanges.

The New Capital Exchange, a EU-based and fully-compliant crypto exchange, is pleased to announce that we will support this NEM Group initiative and provide an automatic opt-in for all users registered with us. Our service will also support the XEM-XYM snapshot event, as well as facilitate the actual allocation of the new Symbol coins directly to user accounts for anyone holding XEM at the time of the snapshot event.

“We know that our ability to contribute to building the Internet of Value is dependent on having scalable and secure blockchain infrastructure, and we are convinced that the Symbol-based network of networks will play a major role in advancing the digital transformation. We, at New Capital, already empower selected projects with Symbol technology. Importantly, the New Capital Exchange will be transformed into win.win, a Symbol-based true DEX, once the regulatory framework is in place,” said Alex Rožanski, the CEO of New Capital. “Our participation in this important XEM-XYM opt-in event is a natural indication of our strong commitment to support the NEM eco-system.”

New Capital welcomes the NEM community to join our exchange and enjoy the safe, secure and reliable services provided by this platform. To participate in the Symbol opt-in event, simply register with us using one of your social media accounts. As an added, limited time incentive, anyone joining the NCE is rewarded with a free airdrop of 5000 $TWINS. In order to deposit XEM (or any other supported crypto asset), the EU crypto exchange regulations require that you complete our simplified, secure and seamless online identification process .

“New Capital, an innovative incubator, has selected our platform for a number of their transformative and real-world use-case projects that are built on Symbol technology,” said Dan Bobby, the CMO at NEM Group. “We are pleased that the New Capital Exchange is participating in the Symbol opt-in program and the actual allocation of the new XYM tokens. This will help to provide a seamless experience for our community members who choose to participate in this initiative through an exchange and not through their own NEM wallets.”

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