NEM current price is $0.1501.

NEM current price is $0.1501 with a marketcap of $1.35 B. Its price is 14.27% up in last 24 hours.

Buy / Sell Nem

NEM (XEM)
Live Price
$0.1501
24h %
14.27%
Market Cap
$1.35 B
Volume
$59.49 M
Available Supply
9.00 B XEM
Rank
23

Crypto Calculator

Enter Amount

Base Currency

Convert To

10 NEM (XEM)
=
1.501USD

Price Chart

Loading Chart...

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

Markets / Exchanges

**You can show markets data only by installing “Cryptocurrency Exchanges List Pro” WordPress plugin with “Coin Market Cap & Price” plugin.

#	Exchange	Pair	Price	Volume (24h)	Updated

Data by Coin Exchange Price

Twitter News Feed

NEMFollow

NEM@NEMofficial·

1/2
Obtain supernode rewards without the complicated steps.
1. No minimum $XEM staking requirement. No need of 3,000,000 XEM.
2. No need to set up and maintain your own nodes.
3. No minimum lock-up
#stXEM #DeFi #NEM

Reply on Twitter 1330894124845830146 Retweet on Twitter 1330894124845830146103 Like on Twitter 1330894124845830146153 Twitter 1330894124845830146

Retweet on Twitter NEM Retweeted

NEM Hub @NEM_Hub·

Be the first to see the new #Symbol Wallet on #iOS!

@NEMofficial is scouting 10 - 20 🦹NEMbers with the #Superpower to test #NEM`s Symbol #Wallet [mobile], for iOS [#iPod, #iPhone, #iPad].

⬇️Details⬇️
https://community.nem.io/task/be-the-first-to-see-what-the-new-symbol-wallet-looks-like-on-ios/

$XEM $XYM #XEM #XYM #BTC #Crypto #testers

Reply on Twitter 1330875059553120258 Retweet on Twitter 133087505955312025853 Like on Twitter 133087505955312025873 Twitter 1330875059553120258

NEM@NEMofficial·

21 Nov

#Symbol #Snapshot & #Launch are January 14. To celebrate this momentous #milestone in the history of #NEM, we're happy to announce #SymbolLaunchfest - a celebration of NEM and Symbol. A #Trading tournament, #Hackathon, and #Party are planned so stay tuned and #celebrate with us!

Reply on Twitter 1330199526532145155 Retweet on Twitter 1330199526532145155201 Like on Twitter 1330199526532145155347 Twitter 1330199526532145155

Retweet on Twitter NEM Retweeted

Dave Hodgson @RealDaveHodgson·

20 Nov

In what has been a big week at #nem leading up to #symbol launch.

The team have just released the mobile wallets for community testing, on the 20th of November as promised.

Fantastic work from the team to get things caught up so quickly!

$xem $xym

https://forum.nem.io/t/nem-symbol-wallets-plan-for-release-by-nov-20th/26091/11

Reply on Twitter 1329929841999798273 Retweet on Twitter 132992984199979827335 Like on Twitter 132992984199979827368 Twitter 1329929841999798273

NEM@NEMofficial·

20 Nov

In this episode of the #NEMShow we talk to #NEM Group #CFO - Iain Wilson (@iainwilson11) to get his perspective on how #NEM and #Symbolplatform help create value for business and beyond.

Watch here: https://youtu.be/WbqHLhsTmzM

Reply on Twitter 1329817050085265409 Retweet on Twitter 1329817050085265409144 Like on Twitter 1329817050085265409192 Twitter 1329817050085265409

NEM current price is $0.1501.