![Crypto Terms Glossary: What is XYM (Symbol Blockchain)? Crypto Terms Glossary: What is XYM (Symbol Blockchain)?](/img/158/1592/what-is-xym-symbol-blockchain-sm.webp)
XYM is the native cryptocurrency of the Symbol blockchain which launched during March of 2021. XYM will be used to pay for transactions on the network. In order to obtain XYM, qualifying XEM holders — holders of the native token of the NEM blockchain, which was created by the same team and preceded Symbol — can claim an equivalent number of XYM.
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