Post
Topic
Board Announcements (Altcoins)
Re: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs
by
1billionthgenius
on 23/12/2019, 16:15:08 UTC
Second type of tokens? Are thi will be token created on NEM blockchain or 2nd coin? How to get this tokens? Every NEM holders will get equialent % of this CAT tokens?

PS: CAT token ticker already existed on CMC (even 2 tokens with this ticker)

You find the information here https://forum.nem.io/t/catapult-migration-and-tokenomics-proposal-for-nem-community-poi-vote/24033

There will be a fork, so a new chain will be created because technically NIS and Catapult are incompatibel. As far as the propsal says it will not be called Catapult itself, but Symbol. The ticker will be SYM or something similar, it is described in the link above. There will be exact as many tokens as for NEM, and you will get the same amout of new tokens as you own XEM.

So as I understood correctly there will be 2 type of oins and just one of them will have Catapult, right? Which ones will have Catapult?
Which exchanges will support hardfork?

Correct! The new chain of Symbol (other and more marketable name for Catapult) utilizes the Catapult technology. XEM will stay as it is and will further developed.
I have not found any information yet if and which exchanges support the fork. As far as I know (and this was one of my questions in my post here two days ago) there has not been announced a fork date yet.

Hey thanks for the good info guys. This question may have been asked before but I didn't find it and would like to know if the coming fork outcome will cause 2 different coins XEM and SYM? Will my XEM that is currently on an online exchange cause me to also receive the new SYM coins or do I have to have my own wallet to receive the new SYM coins?