Key metricsKey metrics
PricePrice$0.0909
Asset TypeAsset TypePlatform
StructureStructureDecentralized
Project StatusProject StatusWorking Product
OwnershipOwnershipFree
SectorSectorSmart Contracts
IndustryIndustryBlockchain
FoundedFounded29-Mar-2015
Funds raisedFunds raised150k
CountryCountryInternational
Key personKey personAlex Tinsman

NEM (XEM) Information{coin_name} ({symbol}) Information

The smart asset blockchain, built for performance.

NEM is a cryptocurrency and blockchain platform for smart digital assets. Main new feature in NEM includes Proof of Importance (POI), new consensus algorithm, and smart asset system. NEM is a peer-to-peer crypto platform. 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.

OrganizationsOrganizations

Nem.io Foundation Limited

Company NumberCompany Number 201632737H
57 Mohamed Sultan Road, #01-05 Sultan-Link, Singapore (238997)

Questions and AnswersQuestions and Answers

Is NEM a cryptocurrency?
NEM is not just a crypto currency. Above that, and more importantly, NEM is a peer to peer platform and it provides/will provide services like payments, messaging, asset trading and smart contracts.There shall be a lot more to come as NEM shall be an evolving solution.
Why should I use NEM when there is Bitcoin?
Bitcoin is a crypto currency and so are most crypto coins. Some are application specific while some are purely crypto coins. Apart from NEM being another crypto currency, NEM is a solution platform. There is more to offer as a platform. As a crypto currency, it does not require a lot of computing power and energy to run a node. NEM also advocates low entry barrier by way of Proof of Importance (POI) instead of the traditional ones that require a lot of stakes or computing power to mine. In NEM we call it harvesting. In addition, it also uses another solution, called Eigentrust ++ to validate and sieve out bad actors in the network. As an evolving solution, NEM is setting the stage for better things to come.
What can I do with NEM?
You can send and receive payments and messages quickly, securely and at low cost on a global scale without the need for a bank account. You can buy/sell/trade assets and goods worldwide. In future, there shall be more exciting features such as asset trading, smart contracts and colored coins.
What is XEM?
XEM is NEM's currency code. It is similar to USD, EUR, CNY, JPY etc.
Does NEM have a white paper?
Yes, the NEM developers have written an in depth Technical Reference as a guide to understanding how the new technology in NEM works.
Which operating systems are supported?
With 64BIT Java as runtime enviroment, it is possible to run the NEM software on all the popular operating systems that support Java. These include Windows, Mac OSX, and Linux.
What is this "POI"?
POI is short for "Proof-of-Importance". It is a consensus algorithm at the core of the NEM software. The higher your importance, the higher your chance to be allowed to calculate a block (and harvest the fees inside that block). POI adjusts your importance depending on how many transactions you make, with whom you make them and a number of other factors. If you don't do any transactions POI will set your importance based on your balance only (it is then similar to proof-of-stake).
What is Harvesting?
Harvesting is a process whereby a node will calculate blocks and add them to the blockchain. A block contains all transactions that were sent in the last minute. In other words, a block is calculated every minute. With the help of the proof-of-importance algorithm it is decided which node is allowed to calculate a block and can keep all included transaction fees.
How does vesting of XEM work?
In NEM coins are aged in at 10% per day of the remaining unvested XEM in an account. This is explained in detail in section 2.1 of the Technical Reference.
How was NEM distributed initially?
8,999,999,999 XEM were distributed to 1,500 initial stakeholders and to several multi-signature secured funds for marketing, distribution to late redeemers, operational costs, development, node rewards etc.
I want to issue my own coins in order to do my own things. Can I use NEM?
The simple answer is yes. When NEM assets become available, you will be able to issue your own coins, while still using the security and reliability that NEM provides. That is the very basis and premise of the NEM Platform. It gives us a whole lot of flexibility to issue our own coins for whatever we want to do with it.

TechnicalTechnical

Key metricsKey metrics

Source Code Repositories

NemProject/nem.core 322 Stars 6 Contributers 13 Open Issues

org.nem.core package

EconomicsEconomics

Tradeable CoinsTradeable Coins
8,999,999,999 (100% of total) ({tradeable_of_total} of total)

Exchange Markets

ExchangeExchange MarketMarket PricePrice DiffDiff Volume 24hVolume 24h SpreadSpread Spread $1kSpread $1k
Zaif XEM/JPY $0.0906 -0.36% $1,504,516 0% 0.22%
Binance XEM/BTC $0.0908 -0.08% $1,074,900 0.24% 0.72%
Upbit XEM/KRW $0.0916 0.8% $786,081 0.93% 0.93%
Bittrex XEM/BTC $0.0910 0.17% $187,798 0.36% 0.72%
Poloniex XEM/BTC $0.0909 0.04% $75,414 0.12% 0.96%
Binance XEM/ETH $0.0906 -0.31% $58,181 0.38% 1.5%
Binance XEM/BNB $0.0907 -0.22% $55,485 0.82% 2%
Bittrex XEM/ETH $0.0908 -0.07% $13,117 0.23% 2.1%
Gate.io XEM/USDT $0.0900 -0.92% $8,155.75 1.9% 10%
Zaif XEM/BTC $0.0910 0.17% $6,930.11 1.3% 2.5%
Gate.io XEM/ETH $0.0912 0.34% $779.25 3.4%
Gate.io XEM/BTC $0.0925 1.7% $405.88 8.1%

Latest NEM NewsLatest NEM News

NEM on Twitter

Kids nowadays have stepped up! Keeping up with the new trends of technology, Kaede Takenaka runs @kidletcoin, a blockchain project that aims to rewards children (like her) whenever they complete a task! ?? Check out the full interview here: https://t.co/E8UQIeKfsM

NEM on Twitter ReadRead 

CoinDesk on Twitter

The NEM blockchain project is launching a development studio to support its move towards a major protocol upgrade later in 2019. https://t.co/Vh9uG5On6c

NEM on Twitter ReadRead 

NEM on Twitter

?? We're excited to announce the launch of #NEMStudios, a dedicated strategy and backend development unit to support the ongoing development of #Catapult! You can read more about what NEM Studios is and what we aim to achieve here. https://t.co/NKahGUQRBo

NEM on Twitter ReadRead 

Alex Tinsman (Inside NEM) on Twitter

This will help create a high-class product and enable a coherent, common and strong message out to the market about the real uses of Catapult blockchain technology. It'll make the World recognize the benefits Catapult can bring. ?? Please extend a big congrats to NEM Studios!

NEM on Twitter ReadRead 

Alex Tinsman (Inside NEM) on Twitter

By collaborating together, NEM Studios + NEM Foundation prioritize and escalate the development of the NEM open source project and implement seasoned support teams focused on the delivery,branding and launch strategy for Catapult. I cannot emphasize enough how important this is.

NEM on Twitter ReadRead 

NEM on Twitter

ICYMI: Tech Bureau releases mijin #Catapult v.2 production version. Read the full story below?? https://t.co/GVJuKLUQSp

NEM on Twitter ReadRead 

Alex Tinsman (Inside NEM) on Twitter

The Foundation focus has been on supporting the launch + commercialization of Catapult. By partnering w/ NEM Studios + hiring them as a service provider, we fulfill our promise to the NEM community (outlined in our funding proposal) for a solid Go-To-Market launch for Catapult.

NEM on Twitter ReadRead 

Alex Tinsman (Inside NEM) on Twitter

This announcement signals an important update to the Foundation funding proposal. We support the adoption + development of NEM technology. We do this by adding partner support, contributing code + tools to the platform, and providing education/training to grow the ecosystem.

NEM on Twitter ReadRead 

Alex Tinsman (Inside NEM) on Twitter

??I’m ecstatic about today's announcement on the launch of #NEM Studios! Having a matrix CTO is big deal. NEM Studios will focus on backend dev support while Foundation continues to lead + deliver on frontend development -- all under one CTO. ?? #NEM #XEM https://t.co/tvmrjNGnEl

NEM on Twitter ReadRead 

NEM on Twitter

Meet Gregory Saive, #NEM Foundation Head Developer. https://t.co/WEpoMmZ7iC

NEM on Twitter ReadRead 
This information is provided AS IS and is not adviceThis information is provided AS IS and is not advice. May contain errors or omissions. Please always do your own research before trading.May contain errors or omissions. Please always do your own research before trading.
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