Post
Topic
Board Announcements (Altcoins)
Re: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs
by
Fr4ncesco
on 01/09/2020, 08:55:18 UTC
Hi,

can you please explain me actually what is this symbol token creation ? I need this information for tax declaration purpose.

It is not an airdrops or a faucets.
It is not income from staking or mining.

I read few posts before that it is not an hardfork.

How/what  this can be considered ?




Possibly it can be compared to the stock markets' shares:
a share is splitted or
a company is reorganized with another company (partially bought) and the share owners will get also the new company's shares.




But actually the value of the "original" share will not be adapted or diluted. On the market regulators (if any Smiley  ) the original XEM will not start the day with a smaller value (because it "transferred" part of its value to symbol token).

Am I wrong ? Maybe I am missing something  Undecided