Today, many innovative blockchain projects aim to strengthen the blockchain ecosystem, drive mass adoption, and close knowledge gaps. Symbol from NEM, the trusted, secure value exchange network for business, has recently joined forces with vidulum, the non-custodial multi-coin web wallet, to prove their commitment to this goal.
vidulum App has endorsed NEM’s Symbol (XYM) since its recent launch on March 17th. Since the launch of the mainnet, vidulum and Symbol users can earn V-Staking incentives in VDL for staking XYM on their wallets, along with other advantages.
Keep reading for all the details about vidulum and NEM Group’s ongoing collaboration.
Symbol Wallet on Vidulum
vidulum Symbol Wallet enables people to participate in digital asset markets by accessing and storing cryptocurrencies efficiently while remaining in control of their private access information. With the Vidulum app, users have complete control of their private keys, allowing them to send, receive, and manage their Symbol tokens through web browsers or the android & IOS apps.
XYM live on Vidulum
XYM is the native currency of the Symbol blockchain. After supporting the Symbol snapshot, XYM tokens are live on the Vidulum app, allowing users to store, send, and receive their XYM through this non-custodial platform.
V-Staking XYM
XYM holders can also earn rewards in VDL (Vidulum native token) by staking the Symbol token on the Vidulum app wallet. The V-Staking program by Vidulum is an excellent way for users to earn extra VDL tokens, in addition to running a masternode or mining VDL from the blockchain.
To V-stake VDLs, users first need to create an account on the Vidulum app, hold a minimum of 100 XYMs, and make sure they log in at least once every 60 days. The V-staking rewards system distributes 100 VDLs every day, and the earned amount will always depend on the staked amount.
Example: 100 VDL daily distribution for XYM. The total V-Staking pool is 10000 units; a coin holder has 1000 units, they will receive 10% of the daily distribution (10 VDL).
If you want to know more about how the Symbol – vidulum integration can help you access your crypto assets easily, drop us a line.