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NEM current price is $0.1083.

NEM current price is $0.1083 with a marketcap of $974.56 M. Its price is -2.07% down in last 24 hours.


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  • nem
    NEM (XEM)
  • Live Price
    $0.1083
  • 24h %
    -2.07%
  • Market Cap
    $974.56 M
  • Volume
    $19.97 M
  • Available Supply
    9.00 B XEM
  • Rank
    26

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★ More Info About Nem

NEM is a highly versatile crypto solution which seeks to adhere to a host of mainstream industry requirements. It is written in Java and JavaScript with 100% original source code. NEM has a stated goal of a wide distribution model and has introduced new features in blockchain technology in its proof-of-importance (POI) algorithm. NEM also features an integrated P2P secure and encrypted messaging system, multisignature accounts and an Eigentrust++ reputation system. Essentially, NEM is designed as a financial blockchain solution and can be used for payment, clearing and settlement in a private environment which is highly controlled. This means that NEM meets several of the regulatory requirements and guidelines in the financial industry. This allows it to be used to settle (change of ownership) any asset via the blockchain. Mijin which is a private chain of NEM has gained popularity and companies such as Hitachi have already embraced it. Why NEM? Many banks around the world have come to accept the importance of blockchain technology. In fact, a good number of banks in the U.S, India and Japan have already started using the technology. Because banks generally employ the smart contract concept, NEM’s platform which is asset-friendly can be used to settle any asset. In settling assets, speed, security, and reliability are very important to a mainstream institution which is what this crypto offers. NEM addresses these issues by repackaging its blockchain into a private chain and presenting it as Mijin. NEM crypto is also applicable in the technology world. Unlike Bitcoin and Dogecoin which use mining to increase the number of coins, XEM uses something called ‘harvesting’. In this process, blocks are generated and a person is rewarded for work contributed using transaction fees. Every block has a certain number of transactions which attract an unknown amount of fees. This keeps the participants incentivized to continue harvesting. For a blockchain user to be allowed to harvest, one must go through a forging mechanism process called Proof-of-Importance (POI). POI is the algorithm used in NEM to time stamp transactions. A NEM user's importance is determined by how many coins they have and the number of transactions made to and from their wallet. POI uses the NCDawareRank network centrality measure, the topology of the transaction graph, as well as a number of other relevant signals to achieve consensus. POI is different from other initiatives which use a fee-sharing model that does not take into consideration one's overall support of the network. In proof-of-stake systems a person needs to have large numbers of coins to form a block, but in NEM transactions volume and trust become factors. This was designed to encourage users of NEM to not simply hold XEM but instead actively carry out transactions. To be eligible for entering the importance calculation, an account must have at least 10,000 vested XEM. All accounts owning more than 10,000 vested XEM have a non-zero importance score. With a supply of 8,999,999,999 XEM, the theoretical maximum number of accounts with non-zero importance is 899,999. In practice, the number of actual accounts with non-zero importance is not expected to approach the theoretical max due to inequalities in held XEM and also the temporal costs associated with vesting. If NEM becomes very popular, a threshold of 10,000 vested XEM could be undesirable. If necessary, this number could be updated in the future via a hard fork, which is the same procedure for adjusting transaction fees and other parameters related to harvesting.

Nem Historical Data

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Nem Markets / Exchanges

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Nem Twitter News Feed

Come listen to #NEM Group spokesperson Jeff McDonald (@thejabo38) speak at 13:30 JST @BlockChainJam about #NEM, #Symbol, and the future of the NEM #ecosystem.

Read more: http://ow.ly/wKL550BPT3D

Register here: http://bcj2020online.peatix.com (Japanese only)
#XYM #Blockchain #XEM

{Founders Live} Jeff McDonald, NEM & LuxTag, Internet of Money: Defi & Millennial investors https://www.pscp.tv/w/cmBhuTFEWktvT0JMUEp4S2F8MXZPeHdramVwcm14QoWg4t3btPTCNj18CvqvQ7SqsRgyeL6yoAwONzDJJAon

We're glad to announce support to @NEMofficial Blockchain Symbol XYM on LATOKEN platform.

Trading competition to be announced soon! Stay tuned.

https://go.latoken.com/2p6

#NEM's CFO - Ian Wilson - was invited by new partner @CopperHQ to join the #CopperCast podcast. Listen in to Iain discuss the opportunities and potential for #blockchain #asset #tokenization
#Copper
http://ow.ly/Fmdn50BZO7l

#NEM is delighted to announce a new #partnership with digital #asset #infrastructure provider @CopperHQ and an immediate listing of #XEM on Copper, bringing innovative products in the digital asset space, & helping NEM build a deeper & richer #ecosystem. http://ow.ly/bypM50BZB4H

Join the AMA live today at 10am UTC and put your questions to @stakedTokens‘s Albert Castellana and #NEMGroup’s Iain Wilson about the #NEM & Stakehound partnership, #DeFi, and what #WrappedXEM means! Tweet your Q’s using #NEMStakehoundAMA

👉🏻 https://www.facebook.com/StakeHound

Symbol Bootstrap (v0.2.0) released. Please check it out on our Github:

https://github.com/nemtech/symbol-bootstrap/releases/tag/v0.2.0

#NEM #Symbol #Bootstrap #Blockchain

Wow #bignews ⁦@PayPal⁩ to accept #cryptocurrencies for #payments ⁦@NEMofficial⁩ ⁦@NEM_Hub⁩ #xem #xym Really great step forward for the #blockchain world https://uk.finance.yahoo.com/news/paypal-allow-cryptocurrency-buying-selling-114246185.html

In this video, Nick Pelecanos - Head of Trading at #NEM & Carlo Las Marias of @hummingbot_io take us through a step-by-step guide on how to set up on the #Hummingbot platform to take advantage of #liquiditymining.

Watch here: http://ow.ly/QZPp50BYyf1

#defi #liquidity #xem

Must read Q&A which explores the partnership between #NEM and @hedgetradehq and how it provides benefit to the NEM #Community, #HedgeTrade, and #traders on the platform.

Read full article here: http://ow.ly/jv7H50BXeUM

#XEM #trading

In this episode of the #NEMShow, we interview Albert Castellana from @stakedTokens on #DeFi #wrappedXEM and partnering with #NEM

Watch here: http://ow.ly/5mmq50BUp15

#StakeHound #DeFi

ICYMI Today was our first #NEMFocus webinar: Hybrid Chains: Making Blockchain work for the Real World.
Log in or register to watch speakers from: @SuperHow_io, @_blockdaemon NEM Software & @Wachsman_ debate possibilities & benefits of hybrid chains.
Link: http://ow.ly/j8S250BTuSp

Join the ongoing #Symbol Special Edition Ledger Wallet Design Competition! #NEMHub community will choose top 3 artwork & each will receive the Symbol special edition Ledger Nano X, bonus rewards up to 1,000 Points & more!

Join now: http://ow.ly/3olh50BTbHD

We are happy to announce 6th StakeHound AMA live session!🐾

When: 12pm CEST October 22nd 2020

Guest 🎩: Iain Wilson - CFO of #NEMofficial

Submit your questions in our Telegram group using #AMANEM🤳🏻 —> Watch online on our Facebook page🎤

Ask us Anything! Based on the recent announcement here: http://ow.ly/4qef30reTvo

What would you would like to know about @stakedTokens, #DeFi, #wrappedXEM and #NEM?
Tweet your Q’s to us using the hashtag #NEMStakehoundAMA

#NEMStakehoundAMA #StakeHound

【NEWS‼️】

Mr. Jeff McDonald, @thejabo38, will speaker in #BCJ2020! 👏

Mr. Jeff is NEM Group
Core Team Brand Ambassador!

NEM Twitter (Japan) 👇
@NEMofficial
NEM website is here 👇
https://nem.io/

We recently sat down with @IoDlt and @NEMofficial to discuss how our @Tardigrade_io service can accelerate blockchain sync times. Learn how we improved performance for these partners by 1,500%! https://medium.com/nemofficial/tardigrade-the-missing-piece-of-the-puzzle-for-storing-data-on-the-blockchain-ad4a311cca77

We are thrilled to announce a partnership with @NEMofficial and launch a new #liquiditymining campaign for XEM tokens starting November 3, 2020! https://hummingbot.io/blog/2020-10-nem-liquidity-mining/

We are pleased to announce a new partnership with @hummingbot_io! The partnership & campaign is part of #NEM’s next step into #DeFi as we continue to strengthen our network & look to increase accessibility to the XEM token.

👉http://ow.ly/8oDA50BQ0Xy

#liquiditymining #hummingbot

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