Symbol Token is another fast rising coin in the cryptocurrency market today.
On this article, we are going to review Symbol.
Please note; This is not an Affiliate Link related article, neither is it a Promotional Article.
XYM is the native currency of the Symbol public blockchain which launched in Q1 2021. It is used to pay for transactions in order to incentivize the network of public nodes that process and record transactions, giving XYM fundamental value as the currency of a functioning economy.
There are 5.45B XYM in supply.
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Pros of Symbol
- A lot of investors are ‘flocking’ to invest
- It is now listed on Coinbase
- They are fully decentralized
Cons of Symbol
- The coin is still under development
- Multiple issues with its synchronizations between ledgers
Is Symbol Legit or Scam?
Due to the high rate of scam in cryptocurrency, a lot of traders have been trading in fear and most have also given up.
According to research, Symbol is not a scam coin. It has been listed on top cryptocurrency wallets like Blockchain, Binance and lots more.
Follow our blog to learn about coin legitimacy. You can share your thoughts and experiences about Symbol on the comment section below. Don’t forget to rate and leave a review.