I'm acquiring $XEM for their upcoming 1:1 airdrop for their new blockchain token. Since NEM has a great price, I feel that it will be the same case with their new token.

And #5, no one can challenge the King, ever. But ETH is slowly making its own move to revolutionize the industry, which BTC has stopped doing in terms of its own development.

According to this tweet by the exchange giant - Huobi themselves - https://twitter.com/HuobiJapan/status/1303577250579709953

They confirmed that they will be listing $XEM. This provide more options for holders ahead of the #symbol and $xym launch this year

Optin for $xym is 1:1 for $xem holders and opens in approx 1 week

LOS ANGELES, Sept. 8, 2020 /PRNewswire/ -- Sensorium Corporation unveiled a first look at PRISM — the world of electronic music within Sensorium Galaxy, the social VR platform supported by Forbes-listed billionaire Mikhail Prokhorov, Jay-Z's music streaming service TIDAL, and other renowned global artists and entertainment companies.

Yann Pissenem: "We are creating PRISM for all those who carry the love for electronic music in their hearts. We want the powerful energy of dance floors to be released from the offline spaces into the virtual reality - PRISM is to become a single hub for fans of this genre from all over the world to break free from any physical limitations. We will let the energy of music and the power of sound rule this world, bringing with it an environment into the stages of constant transformation and rebirth, which will and let the users really feel the power of this incredible virtual experience."

And all these, will happen via a payment instrument based on blockchain technology and will be ran through a token.

Are these good use for cryptocurrency/blockchain technology and will these industries and technology mash well?

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Joining us for our next #SENSORIUMLIVE, from Brazil, is Pablo Martins, founder of http://STHORM.io. We will talk about how platforms can become real and important vehicles for expanding awareness of struggles being taken place by people.

Link to watch -

NEM recently expressed that the Symbol Opt-in launch date is announced.  The opt-in opening date for Symbol is September 15, 2020.

The Opt-in date was on September 07, 2020; however, an additional 8 days have been allotted for testing in order to improve the UI/UX.  There are no new reported challenges as the testing seems to continue.

For those who do not understand opt-in, it is the method by which the existing XEM holders will be able to claim their XYM tokens at the point of Snapshot, which will take place prior to the new chain launch of Symbol, which is scheduled for December.

To place the claim on XYM users should understand and accept the terms and conditions which is available on the website.  This is a part of the process of Opt-in.

Of note, the Opt-in web pages and terms and conditions will also be going live on September 15, 2020.

At the point of snapshot, for those who do not opt in the XEM balance that is there, will be allocated with an equivalent amount of XYM in to the user’s wallet.  Thus, users will be able to Opt-in to their your XYM tokens for nearly 6 years after the launch date providing further details about how this might get shared in the near future.

Starting, September 15, 2020 users will be able to Opt-in using the NEM desktop wallet and the NEM mobile wallet for Android versions only. Notably, the single accounts, which can consist of namespaces & harvesting keys; and Multi Signature accounts, which can consist of namespaces and harvesting keys. Of note, they have also stated that the Multi Signature account Opt-in could only be initiated in the NEM desktop wallet.

Sydney Ifergan, the crypto expert, tweeted:  “It is Snapshot and NEM Opt-in time.  They state Binance have not yet announced support. They also say that the only way to absolutely receive XYM is to hold XEM in a wallet that is user controlled.”

The best option for now is to store the funds in the NEM desktop wallet.

NEM Cryptocurrency Reimagine 2020 v2.0 Workshop Series

In the Reimagine 2020 v2.0 Workshop series, Laura Angel, Business Development LATAM at u/NEMofficial have provided a general overview regarding the use cases about the two blockchains like NIS1 and Symbol.  The video is worth the watch by those who are trying to understand NEM.

The iOS is expected to be available on the Apple Store at a later date due to the centralized approval process.  For now users are to log into their NEM wallet and follow the instructions for the Opt-in.

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Currently there are currently 3 main barriers to full adoption for organisations seeking to participate in DeFi:

1. Scalability 
Symbol can provide significantly more transaction throughput to help cater to the significant volume of DeFi users, from individuals to small businesses.
Because Symbol is a hybrid of both public and private blockchain, and it is designed for solutions to help enterprises avoid unnecessary cost and complexity, Symbol can help to avoid the poorly-scaling high fees of Ethereum smart contracts.
With its plugin-based business functions, Symbol is tested and instantly usable, making it easy to build quickly and cost effectively.    
Using Symbol will help to overcome the scalability challenge that can be experienced when building DeFi products and services.  

2. Liquidity and Collateral
DeFi is collateralised by Ethereum as well as Dai and USDC. However, this over reliance on Ethereum means that bringing other collateral types to DeFi, such as Bitcoin, via sidechains is an obvious answer to this bottleneck.
Symbol is built for cross-chain interoperability and, through atomic swaps and multi-level multi-sig features, can provide a ready made solution to assist with collateralising the DeFi system.

3. Reducing Volatility
Today, the primary use case for DeFi remains the facilitation of ‘longs’ on Ethereum – just buying the token and waiting for it to rise up in value. DeFi will only have broken through and created real value when more P2P
lending goes mainstream (think microfinance, small business lending, seed funding, etc).

Symbol is the most effective enterprise ready blockchain today. Designed for real world use, Symbol is the connector between business and blockchain because it is easy to work with and build from for any business seeking to create innovative DeFi products.  
In summary, Symbol is a great option to help maximise the potential of DeFi and to achieve the ambition of helping to make financial systems accessible to all quickly, efficiently and cost effectively.  
The combination of interoperability, ease of use, and hybrid private and public chain allows for secure, quicker and cheaper transactions at scale, and puts Symbol at the forefront of the next phase of DeFi development.  

Thoughts?

Looks like everything has started tokenizing and it is good for the common man because in future small investor will also be able to invest in tokenized shares of profitable businesses and take benefits both in shape of dividends and rise of value.

I also feel like everything is moving on to digitalization and tokenizing existing systems to improve its ways. For this specific one, its interesting that their SENSO token drives all value transactions within the VR alternate universe

Opt-in for NEM based Symbol has been announced. The opt-in will be starting from September 15th. Earlier, the launch was scheduled for September 7th, but it was decided to delay the opt-in by another eight days to allow for testing and UX/UI improvement.

Details of the Opt-in
Opt-in is a technique that can be used by current XEM holders at the point of Snapshot to claim XYM tokens they have. This is the method in place prior to Symbol’s scheduled new chain launch in December.

However, it is necessary to comprehend and accept all the terms and conditions mentioned on the website. These terms and conditions are also part of the opt-in process. These terms and conditions and the opt-in website pages will be going live on September 15th.

XEM Balance and Tokens
It is worth mentioning here that at the point of Snapshot, XYM equivalent of your XEM balance will get allocated into your wallet. In addition, holders will be allowed to opt-in and claim their XYM tokens for a maximum of six years after the launch, and exact details of how this can be done will be shared in some time.

What you can opt-in?
Using NEM desktop and mobile wallet it will be possible to opt-in from September 15th into the following:

Single accounts that can include harvesting keys and namespaces.

Multi-signature accounts that can include harvesting keys and namespaces. But iOS will not be available at the moment due to its centralized approval procedure.

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