Symbol profile
Symbol Profile (XYM)
Score: 5.22 | Above Average
Speculative Small Cap
Project Safety Score

Fri, Dec 3, 2021 9:06 AM

Score 5.22
Rating Above Average
Market Cap $1885434989.5859
24hr Volume $7561577.5909923
Price $0.33774267760921
Review

Symbol

coin

Symbol is a trusted and secure enterprise blockchain that smooths business friction, increasing the flow of data and innovation to supercharge the creation, exchange and protection of assets. Symbol is purpose-built to help businesses cut costs, reduce complexities, and streamline innovation. Launched in March 2021, Symbol utilizes a unique hybrid (public/private) architecture, enabling businesses to benefit from the transparency that public chains offer, while also permitting data restrictions and encryption measures to be put in place for more confidential information. With major upgrades in flexibility, security, speed and ease of use, the Symbol platform is the best-in-class blockchain enterprise solution. XYM is the native currency of the Symbol public blockchain, and is used as the core value transfer mechanism for the blockchain.

Read more in the whitepaper:
https://nemtech.github.io/catapult-whitepaper/main.pdf

Symbol Project Statement

Project statements are provided by senior members of the project team and serve to tell the reader why the project has honorable intentions and why is definitely not a scam.

Please get in touch to submit a project statement for this project. Emails must be sent from official domain email addresses and will be verified before being accepted.

Full Report

Symbol Safety Report

Symbol has a safety score of 5.22

Symbol is a small cap coin.

Symbol is suited to a speculative investment style.


Symbol Profile

This profile has enough data to perform a thorough analysis. But any missing data will have a negative impact on the overall rating.

Missing Data:
  • project team
  • tradingview profile

Symbol Red Flags

There are currently no Symbol red flags.


Symbol Development Score

The Symbol project has 31 active source code repositories.

The most recent commit was Mon, Jul 12, 2021 7:01 AM

  • 419 Watchers
  • 521 Stars
  • 378 Mentionable Users
  • 0 Vulnerabilities
  • 1 commits in the last 28 days.
Highlights:
  • daily repo updates
  • average stars
  • below average watchers
  • below average repo stars
  • low mentionable users

Symbol Sentiment Score

The sentiment score indicates how well the wider community regards the project. We analyse social media platforms such a Reddit, Twitter etc to access if the community is talking positively or negatively about a project. Or if they are even talking about the project at all!
The more articles that are available to analyse, the more confident we can be about the score. If there is not a lot of data available on the internet to use, this should be a redflag as it can indicate that no one is posting or writing about this project.

Highlights:
  • The overall sentiment is very positive
  • Enough of a collection of articles to be just about confident of the sentiment

Symbol Community Score

The community score indicates how active community is. Are they writing lots of articles and engaging in lots of conversations on the web? Where is the crypto communities attention spent? There are so many hours in the day to spend writing, reading, researching a project. So how much of this time is spent on Symbol?

The larger a community is then the more eyes are on that project. Sharing information, red flags and concerns is more likely the bigger the community is. And larger communities are alot hard to censor and control - therefore they provide a diverse range of opinions.

Overall Symbol has a strong community, posting and creating lots of content across the internet on social media, forums, blogs and websites.

Highlights:
  • extremely high hashtag tweets
  • extremely high gitHub account watchers
  • low reddit articles

Symbol Awareness Score

The awareness score indicates how well Symbol is known in the main stream. Its all very well for a project to have a discord channel to have 1000 users chatting all day about how great the Symbol is but a good measure of longevity is how well the project is known by the general public.

Overall Symbol this project is not known by the general community. If a project is new and has not had a lot of marketing or exposure then in general as the project grows the awareness score will increase.

Highlights:
  • very high search result total
  • very poor number of news articles mentioning Symbol
  • very poor number of headlines about Symbol
  • very poor number of Symbol YouTube videos

Symbol Credibility Score

The credibility score indicates how credibility a project is. Does it have a ridiculous name? Is it run by a 13yr old in their basement? Is it just 2 days old and too early to tell?

Highlights:
  • Young project age (released Mar 3, 2021)

Symbol Volume Score

The volume score is the simplest of all our metrics and quite often the bottom line metric. It doesnt matter how well a project scores on the other factors, if it is only shifting a few thousand dollars a day in volume then there is a high chance you will left holding a bag

Highlights:
  • below average USD 24hr volume

Red flags come in all shapes and sizes

At the end of the day a cryptocurrency project requires you to part with your hard earned cash in order for it to become succesful.

You expect a level of transparency and professionalism from a project that is asking for your money.

There are all sorts of red flags which you should be weary of;

  • 404 (missing) websites
  • Expired SSL certs
  • Malware/Hijacked sites
  • Suspended Twitter accounts
  • Private Subreddits
  • SEC investiations

If you spot anything suspicious/resolved then please let us know.

Symbol Red flags
  • No red flags
    No red flags have been identified. That doesnt mean its a 100% safe project, it just means that no red flags have been brought to our attention.

XYM
Member Ratings (XYM)

--/5

0 reviews
Ratings and reviews left by our members do not impact the profile score.
No reviews
Be the first to leave a review

No one is talking about Symbol, be the first to start the conversation.

Do you think Symbol is a scam project which will disappear in a rug pull in the next few months or do you think Symbol is here to stay?

And more importantly let us know your experience and warn others if you have noticed something suspicious.

87.50%

Complete
Profile Status

How complete is this profile:

A few missing data points

This profile is still waiting for the following data points

  • project team
  • tradingview profile
Member Signals

--/5

(no reviews)
Member Ratings
Market Cap Rank:
205
Voted:
--
Bulls v Bears:
neutral
Is Trending?
Member signals do not affect the profile score.
Symbol Reddit
Symbol Github
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