1 XEM = 1 XEM + 1 XYM after Snapshot

General Discussion
#1

Please help me to clearly understand this:
1 XEM = 1 XEM + 1 XYM after Snapshot

What does that mean exactly if I have to example 10,000 XEM ?
Which value will have both together if e.g. an XEM = $1
Will then be $20000 ?

#2

not exactly you will have xym same amount of xem but xym price is not knowable for now

#3

Your vested amount of XEM will be matched with an equal quantity of XYM

So if you have 10000XEM you will only receive 10000XYM, there is no additional XEM going out with this.

1 Like
#4

Thank you,
then I can call this stage something like Initial Coin Offering ?

#5

basically, its like a bonus for existing members since it only applies to vested accounts in this situation.

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#6

I thought there was already a snap shot …I got this a while ago and opted in … when was this snapshot ? And will the symbol go in my Nem wallet… or symbol opt in wallet ?? Help !!

#7

As far as I understand it will be on March 12th. But prior to that you need to “Opt-In”. you can easily do this with the Nem Wallet desktop app. There is a “Y” shaped logo at start up where you can begin the opt in process. It cost me 1.05 XEM to join and it gives you a new wallet and key to record that the XYM will live in once snapshot occurs. Feel free to correct me if I am off.

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#8

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