NEM current price is $0.1069.

NEM current price is $0.1069 with a marketcap of $961.38 M. Its price is -0.65% down in last 24 hours.

Buy / Sell Nem

NEM (XEM)
Live Price
$0.1069
24h %
-0.65%
Market Cap
$961.38 M
Volume
$28.85 M
Available Supply
9.00 B XEM
Rank
25

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More Info About Coin

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.

Historical Data

Date	Price	Volume	MarketCap

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Twitter News Feed

NEMFollow

NEM@NEMofficial·

12h

[email protected] is giving away $XEM gifts for new registrations.

Register to #Binance & receive a gift of a random amount. XEM gifts are limited to 2000. First come first served, while stocks last.

#NEM #promotion #giveaway

EN 👉http://ow.ly/qLuF50BxASk

CH 👉http://ow.ly/ix0x50BxASl

Reply on Twitter 1308330740082499584 Retweet on Twitter 1308330740082499584154 Like on Twitter 1308330740082499584195 Twitter 1308330740082499584

Retweet on Twitter NEM Retweeted

Jaguar0625 @Jaguar0625·

21 Sep

Testing over the weekend uncovered a few bugs, so we have decided to delay the launch of testnet until later in the week.

Sorry for the delay and thank you for your patience!
🙇‍♀️🙇‍♂️ https://twitter.com/Jaguar0625/status/1307134751627718657

Jaguar0625@Jaguar0625

We have a bit more testing to do, but we're getting close!

It's an important release, so it should have a new animal codename. What should it be called? https://twitter.com/DaokaTrade/status/1307117287028264961

Reply on Twitter 1308066872756142081 Retweet on Twitter 130806687275614208156 Like on Twitter 1308066872756142081127 Twitter 1308066872756142081

NEM@NEMofficial·

21 Sep

Here’s another simple yet informative article about #optin and #snapshot. Read more http://ow.ly/heIu30rb0d5

#hackernoon

Hacker Noon@hackernoon

"[Announcement] NEM is Launching The Symbol Blockchain with A Native Token (1 XEM = 1 XYM)" https://hackernoon.com/announcement-nem-is-launching-the-symbol-blockchain-with-a-native-token-1-xem-1-xym-xm533wfe #nem #cryptocurrency

Reply on Twitter 1308053039115243528 Retweet on Twitter 1308053039115243528126 Like on Twitter 1308053039115243528162 Twitter 1308053039115243528

NEM@NEMofficial·

21 Sep

[email protected] launched a #XEM trading competition with $50k to be won. Competition ends 24/09/20 12am UTC.

Users will be ranked on total XEM traded during the period, including Buy & Sell across all XEM #trading pairs.

Winner can expect $10k in XEM & 2nd place $6k in XEM.

#NEM

Reply on Twitter 1308031751306932225 Retweet on Twitter 1308031751306932225152 Like on Twitter 1308031751306932225199 Twitter 1308031751306932225

NEM@NEMofficial·

18 Sep

Kristy-Leigh Minehan will be joining NEM Software as CTO. Regarded as the world’s leading cryptocurrency mining expert, following her role as #CTO at Core Scientific & we’re so excited to have Kristy on board.

Read more http://ow.ly/3mzn50BuyRg

#KristyLeighMineham #Leadership

Reply on Twitter 1306932455082020868 Retweet on Twitter 1306932455082020868207 Like on Twitter 1306932455082020868386 Twitter 1306932455082020868

NEM current price is $0.1069.