$0.10586 3.25%
XEM · 4d

Symbol Platform by NEM - Tokenomics

First of all, remember that, you can get 1 XYM for 1 NEM you have. **Tokenomics** The Symbol public chain is a self-sustaining economic ecosystem involving node operators, harvesters, investors, users, and the XYM token. In this way, it’s similar to many decentralized blockchains, but there are important differences that make it easier for anyone to earn rewards. Here are the basics of the system. * Total Supply: 7,300,000,000 XYM (approximately) * Maximum Supply: 8,999,999,999 XYM * Inflation Rate: Pegged to bitcoin inflation * Harvesters earn rewards just by holding a token balance. * Harvesters earn greater rewards by running nodes. **XYM Supply and Inflation** XYM has a fixed maximum supply of approximately 9 billion tokens. At public chain release, the supply will consist of about 7.3 billion XYM, allocated to users based on their holdings of XEM on the NEM blockchain. Another 1.7 billion XYM will be created as inflationary rewards over time. The inflation rate is closely mapped to that of bitcoin, extending out over the next 100 years. Similar to mining rewards, Symbol’s rewards will be released to each block creator, but based on a POS+ (Proof of Stake+) system.  **Proof of Stake** POS+ lets nodes create blocks based on their XYM stakes, which are holdings. Symbol uses the term harvesting instead of mining. The more tokens held by a node operator, the higher the chances of creating the next block and earning harvesting rewards. POS is a well-known system in the blockchain industry, but Symbol adds some improvements. POS+ calculates a score for each node operator based on the size of their stake AND other factors, such as recent network activity and the stakes that other users may delegate to them (see Delegated Harvesting below.) In this way, POS+ attempts to incentivize usage, competition for low fees, and other desirable behavior. You can read details on how POS+ is calculated in the [Symbol whitepaper](
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