We are happy to announce that we will be supporting the upcoming Symbol XYM airdrop for holders of NEM XEM!
All users who hold XEM during a specific time when a snapshot occurs will be eligible to receive XYM. The exact snapshot time has not yet been decided by the XYM team, but it is anticipated to occur around 24-48 hours before the launch of their mainnet. The airdrop ratio will be 1:1 for XEM:XYM.
There will be a delay between the snapshot date and the launch of mainnet trading for XYM, so Bitrue will facilitate early trading through an IOU token which will be distributed as soon as possible after the snapshot has been completed.
The IOU form of XYM will not be withdrawable from the Bitrue exchange, however users will be able to trade it for XRP. At the time of the XYM mainnet launch all IOU tokens will be replaced with genuine XYM, and deposits/withdrawals for this coin will be opened.