Symbol is the connector. Symbol connects businesses, developers and individuals, enabling countless possibilities for blockchain. Symbol reduces the costs and complexities in existing processes, and provides a platform for new business models and innovation, bringing together developers, projects and enterprises to create mutual benefit and value together. Delivered by NEM, Symbol is the core technology powering the ecosystem alongside the NEM Group, NEM Ventures, and NEM Trading. XYM is the native currency of the Symbol public blockchain which launched in Q1 2021. It is used to pay for transactions in order to incentivize the network of public nodes that process and record transactions, giving XYM fundamental value as the currency of a functioning economy.