Post
Topic
Board Announcements (Altcoins)
Re: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs
by
cyrax1
on 25/02/2021, 13:19:48 UTC
So just to confirm, binance will support the snapshot right?

I am sure binance will support the snapshot but i am not sure it they have announced it yet or not ?  The price of XEM is low at the moment and its best time accumulate XEM. The free snapshot coins XYM could be of good value.

I intend to keep it on some exchange. For previously planned snapshot time in January, Binance planned to stop XEM activities much earlier than Poloniex, and Bittrex didn't plan to support airdrop, so, in such scenario, there is some room for someone to drop the price while we are locked. So, I will try to choose exchange with shortest trading downtime, just to be able to react on eventual sharp drop. What do you guys think?

I do not clearly understand your point of view. Even if you keep your XEM in your private wallet, the price can still drop on exchange ? And After the snapshot XEM will dump hard as people who are accumulating the free coins, will dump them once the snapshot is over.
Price of XEM can drop even few hours before snapshot, right, especially if it goes very high. So, I would like to have possibility to stop loss in case of sharp drop, or take some profit in case of sky high. Last time Binance intended to stop trading 6-7 hours before estimated snapshot time, and Poloniex 1-2 hours before. If so, I will move them on Poloniex, for example. This was what I thought:)