NEM is a Cryptocurrency, the network powered by PoS+ enhanced (consensus mechanism based on original technology) algorithm. The original software was developed by UtopianFuture and first released April 1st, 2015. Nowadays the cryptocurrency is managed by the NEM Foundation, an organization based in the SG. Smart Contracts are supported by the NEM blockchain. The official NEM website is https://nem.io.
As of today, September 23rd, 2023, out of totally available 8,999,999,999 XEM, 8,999,999,999 are in circulation. It's not possible to mine nems. The total market capitalization of nem is $234,050,576, the rank among other cryptocurrencies (based on the capitalization) is #127. The current rate of 1 XEM is $0.03 USD.
NEM (currency code XEM) stands for the New Economy Movement. NEM aims to introduce "a new economy based on the principles of financial freedom, decentralization, equality, and solidarity". NEM is a dual-layer blockchain that is written in Java; it was inspired by the NXT cryptocurrency (one of the first attempts to create "Bitcoin 2.0"). The network supports multiple ledgers (multi-signature technology, allowing cooperative account usage, etc.). it's built around the “Smart Asset System” and provides an API interface, allowing to write Smart Contracts in any programming language. It makes possible any customized use of the blockchain, "as if it were a custom blockchain built for (the user's) application and assets".
The native currency XEM can be "harvested" using unique PoI (Proof of Importance) consensus algorithm, similar to PoS where "money makes money". The Importance is determined by the number of coins the user has and the number of transactions associated with the wallet. One of the key algorithms is Eigentrust++, a reputation system, and a security clustering algorithm that monitors the behavior of nodes in the network in the past and enables nodes to give reputation to the neighbors in clusters.
NEM is currently supported by 27% of exchanges (3 of 11) currently having active orders at ExchangeRates.Pro: 2 Exchange Brokers, 1 Trading Platforms have offers, allowing you to buy and sell XEM. Let's check and compare which of these exchanges will suit you the best, dear visitor!
Sorry, at the moment there are no active exchanges with live offers to buy/sell NEM with fiat currencies in United States. Our teams tries our best to add some ASAP!
Are you looking for the best place to buy nems? Of course, you are! Our price comparison of exchanges is here to help, although the easiest way is to check the best offers right away @ ExchangeRates.Pro, feel free to compare yourself. Let us show you what banks and payment systems you can use to buy and sell XEM, based on your location and preferences.
Did you know that it's possible to exchange XEM to 48 other cryptocurrencies? It's possible to convert NEM to/from 96% of crypto coins supported @ ExchangeRates.Pro. Some of these are really great ones (we don't list useless coins and tokens at our website), that's why we've prepared a list of exchange opportunities available. There are totally 120 swap possibilities with XEM and other coins and tokens. Coin to coin exchanges are safe, easy and beneficial when you are using our service, don't worry! Feel free to get all the best rates to swap XEM with other cryptos @ ExchangeRates.Pro right away or refer to the list of most highly demanded exchange directions first: