1. QUESTION: If I opt-in, will they be locked? If not, I can sell them, no?
ANSWER: There is no lock you can sell.
2. QUESTION: If I have XEM coins, will I get exactly the same number of SYMBOL coins?
ANSWER: You will have the same amount of SYMBOL tokens as you have XEM tokens at the *time of the snapshot*. If you buy or sell XEM *after* the snapshot, it will not affect the number of SYMBOL tokens you receive.
3. QUESTION: If the coins are on the Binance, Yobit exchange, how will the coins be credited?
ANSWER: This is up to exchanges: technically, the tokens owned by an Exchange - usually held in one address - can be opt-in.
4. QUESTION: Will tokens be a mirror of current token supply and fund distributions?
ANSWER: No. Token supply will be the same, but fund distribution is different from the introduction of unclaimed NIS funds reserve.
5. QUESTION: Economically, will migration kill NIS1?
ANSWER: No, it will continue to run as it does today. The node assurance plan aims to make this clear.
6. QUESTION: I believe everyone who claims their SYMBOL tokens will dump their NIS1 XEM to buy more SYMBOL tokens. The sell pressure will force SNs to dump their 3 mil bags and NIS1 will be centralized and unstable. All because there will be no order book for NIS1 XEM. [Will this happen? If not, why not?]
ANSWER: The supernodes program is being discussed in a parallel effort. More information will be available soon. There will be a market reaction to the announcement of a snapshot, but we will mitigate the impact using our supernodes program and node assurance (adding incentives to run SN and continue support on NIS.)
7. QUESTION: How will the NIS1 nodes be incentivized to run?
ANSWER: The Supernode Rewards Program will continue as is. If there are changes, it would be announced.
8. QUESTION: What if I opt-in, then send my old Nem to exchange. Then send it into another wallet. How would you follow that?
ANSWER: Your balance on the SYMBOL will not be affected by any transfers that would happen after the snapshot.
9. QUESTION: Or what if I sell on the exchange, buyback and withdraw my new old XEM to another wallet and opt-in with that?
ANSWER: You will only be credited with the amount of XEM in your account at the time of snapshot not before, and not after. If these XEM are not in your account at the time of the snapshot, you will not be credited with the correspondent SYMBOL tokens.
10. QUESTION: How do you opt-in at any time Post-New-Network?
ANSWER: The process for opt-in will be the same.
11. QUESTION: Does everyone have to opt-in, or they lose their XEM?
ANSWER: Opt-in does not mean you lose your original XEM.
12. QUESTION: So after block Y, it is not possible to opt-in, and there is only ever one snapshot and distribution with no further snapshots/distribution possible?
ANSWER: After Block Y, it will no longer be possible to participate in a pre-launch opt-in, however, after the SYMBOL Network launches, there will be an additional extended period for a user to do a post-launch SYMBOL opt-in.
13. QUESTION: So it is not truly open-ended, and it occurs once with a time limit?
14. QUESTION: If running both chains simultaneously, then you sold some of your XEM on the old chain, then does balance on the new chain become updated?
ANSWER: Only the balance at the time of snapshot will be mirrored on the SYMBOL network. NIS1 network activity after said snapshot will be not be reflected on the SYMBOL network.
15. QUESTION: If I have XEM coins, will I get exactly the same number of SYMBOL coins?
ANSWER: You will get the same number of SYMBOL tokens as XEM tokens at the time of the snapshot.
16. QUESTION: Once you opt-in to SYMBOL network, do you also automatically opt-out of NEM 1? XEM tokens become unavailable?
ANSWER: No, your XEM tokens will stay the same.
17. QUESTION: How will the exchanges list two tokens of one coin?
ANSWER: Exchanges will have to list two tokens separately as there will be two chains with two distinct brand identity,
18. QUESTION: Will XEM will be delisted?
ANSWER: Delisting of tokens will be up to the purview of the exchange operator. The team is working to ensure that there will be no delistings as the new token is being listed.
19. QUESTION: What happens with NIS 1? Who supports it after SYMBOL release?
ANSWER: There will be a plan in place to ensure that the NIS1 chain continues to operate. Primarily, it will be open-source and available to the community to further develop the NIS1 chain.
20. QUESTION: In the statement, "Token Swap: Under this model, holders are free to opt-in pre-launch or post-launch, surrender their XEM and be given SYMBOL tokens “- isn’t this burning, isn't this what this sentence means? If you surrender your XEM = burn their XEM?
ANSWER: We are recommending token allocation, so basically a mirror. So, with the recommended approach, you get to keep your original XEM.
21. QUESTION: Why can't NIS1 be stopped or forcefully decommissioned?
ANSWER: This is very difficult to do without the ability to exert centralized control over the network in some way, which I’m pretty sure no-one in the community wants to be something that can happen to a Blockchain.
22. QUESTION: Will SYMBOL tokens be a mirror of current token supply and fund distributions? i.e., 9 billion tokens and the same community fund supply, etc.? And so will you burn the millions of unnecessary NIS1 tokens in the various community/marketing/ silver coin funds?
ANSWER: This is being worked through, but yes it must be at least the same total supply (or not everyone will opt-in), known Circulating Supply is likely a bit lower because any locked accounts, lost keys etc that don’t opt-in will not be in circulating supply. There are things being worked through regarding reserved pools and incentivization, more to follow over the coming weeks.