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NEM current price is $0.2356.

NEM current price is $0.2356 with a marketcap of $2.14 B. Its price is -0.06% down in last 24 hours.


Buy / Sell Nem
  • nem
    NEM (XEM)
  • Live Price
    $0.2356
  • 24h %
    -0.06%
  • Market Cap
    $2.14 B
  • Volume
    $141.37 M
  • Available Supply
    9.00 B XEM
  • Rank
    21

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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

# Exchange Pair Price Volume (24h) Updated

Nem Twitter News Feed

New #Symbol release and Testnet reset. Updates to REST and desktop wallet. Please read more on the forum.
#NEM $XEM $ XYM
👉🏻 https://forum.nem.io/t/nem-symbol-0-10-0-5-release-announcement-testnet-reset/26982/5?u=daveh

Great news for #Symbol by @NEMofficial , coming out this week! 🚀

We started the year in the best way with updates and new players that are joining Symbol public #blockchain this year!

Stay tuned for all the updates 📢

#NEM is delighted to be partnering with @Plasma_Pay, who will integrate $XEM into its extensive fiat on/off ramp and checkout, and add XEM #liquidity mining pools including wXEM/USDT & wXEM/ETH to PlasmaPay’s token swapping service, #PlasmaSwap.

$XEM

NEM is excited to share a first! We will hold our first ever social #DeFi trading competition with @DexeNetwork, starting in two weeks, with participants trading $stXEM on the #DeXe social trading platform. Watch this space for further updates.

#NEM $XEM

#Thriving Partnership Announcement:
@ezDeFi now supports $XYM!

ezDeFi is thrilled to partner with @NEMofficial for http://symbolplatform.com, a canvas for businesses to create, exchange, and protect value! How amazing!
$ZD $XYM #ezDeFi #Symbol
Full news: https://bom.to/miENwnvq

Did you know you can hold $XEM tokens via #stXEM on your Ethereum wallet? Buy on Uniswap now and receive real-time staking rewards.
Try it out here: http://stxem.io
#uniswap #ethereum #DeFi #NEM #Stakehound #ETH

V0.10.0.5 of #NEM #Symbol has been released & the public #testnet is available. Thanks to everyone that worked tirelessly to make this happen, the past 4-6 weeks have been particularly intense & required a huge commitment from everyone involved. 🙌🏻 🚀

👉🏻 http://ow.ly/tea430rsJYs

@NEMofficial, @Polkadot, @kusamanetwork AND @substrate_io — LEAD WALLET's 1ST QUARTER AGENDA FOR 2021

Click the link below to read about our 1st Quarter Agenda:
https://medium.com/lead-blog/nem-polkadot-kusama-and-substrate-lead-wallet-1st-quarter-agenda-for-2021-57da9ad9ef37

🔸Stake $XEM at MyCointainer

🔹@NEMofficial offers flexible and customizable blockchain solutions to businesses through simple, yet powerful, built-in features

🔸Stake at MyCointainer and enjoy frequent rewards

#staking #PoS #altseason #crypto #masternode

Check it out;

Powering Possibility Hackathon is on! $22,000 in prizes. Register and get coding!

#PoweringPossibilityHackathon #Symbol $XEM

👉https://powering-possibility-hackathon.devpost.com/

As the results of the vote showed - snapshot will be moved closer to the mainnet launch date in February. As part of this, the pre-launch Opt-in deadline has moved to the same date as snapshot. You now have more time to claim your $XYM!

#NEM #SymbolPlatform

It is now easy to acess stXEM via @UniswapProtocol. Go to http://stxem.io to get your wrapped #stXEM and earn #liquidity provisions #rewards.

$XEM #wrappedXEM #stakedXEM #DeFi #NEM #StakeHound

NEM Software's CTO - Kristy Leigh-Mineham - outlined her plans on how to refresh #NEM #NIS1. Take a look at how her plan addresses the needs for NIS1 in four different ways.

Find out more 👉http://ow.ly/4jyR50D5wTI

#NEMPlatform #vision #technology #roadmap

#Binance x @NEMofficial Trading Competition - $50,000 in $XEM to Be Won 🏆

➡️ https://www.binance.com/en/support/announcement/6eb604a5a1a14b4bb21d317fc6e9a5d0?ref=JLI1VBLA&utm_source=BinanceTwitter&utm_medium=GlobalSocial&utm_campaign=GlobalSocial

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