Symbol from NEM, a blockchain-based corporate exchange network that launched on March 17, announced that Vidulum, a multi-coin, non-custody web wallet, has added support for NEM’s Symbol token (XYM) added. Now, Viddulum and Symbol users, among other benefits, can incentivize VDL (Vidulum native token) to put XYM in their wallets.
Cooperation between Vidulum and NEM Group
The Symbol wallet on Vidulum enables users to participate in digital asset markets by efficiently accessing and storing cryptocurrencies while maintaining control of their private access information.
With the Vidulum app, users have complete control over their private keys so they can send, receive and manage their symbol tokens through a web browser or Android and iOS apps.
XYM live on Vidulum
XYM is the symbol blockchain’s native currency. After supporting the symbol snapshot, XYM was active in the Vidulum app for wallets that were not in custody. Users can save, send and receive their XYM.
Symbol (XYM) holders can also earn rewards in VDL by using the token in the Vidulum wallet app.
Vidulum’s V-staking program allows users to earn additional VDL tokens. In addition to running a master node or mining VDL from the blockchain.
For V-Stake VDLs, users must first create an account in the Vidulum app, hold at least 100 XYMs, and make sure they log in at least every 60 days. The V-Staking reward system distributes 100 VDLs daily. The amount earned always depends on the amount wagered.
Example: 100 VDL daily distribution for XYM – The total V-staking pool is 10,000 units. A coin holder has 1,000 units, so they receive 10% of the daily distribution (10 VDL).