Key metricsKey metrics
PricePrice$0.0569
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 324 Stars 6 Contributers 14 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 $0.0570 0.14% $837,521 0.15% 0.41%
Binance XEM/BTC $0.0569 -0.14% $751,778 0.21% 0.62%
Bittrex XEM/BTC $0.0571 0.28% $448,429 0.41% 0.62%
Poloniex XEM/BTC $0.0571 0.28% $89,952 0.82% 1.4%
Upbit XEM/KRW $0.0560 -1.6% $78,342 0.73% 1%
Binance XEM/ETH $0.0568 -0.31% $50,030 0.63% 0.9%
Binance XEM/BNB $0.0570 0.04% $15,024 0.87% 2.8%
Bittrex XEM/ETH $0.0568 -0.29% $7,731.20 1.1% 1.1%
Zaif XEM/BTC $0.0545 -4.3% $3,584.44 6.7% 10%
Gate.io XEM/USDT $0.0571 0.33% $247.78 3.3% 45%
Gate.io XEM/BTC $0.0585 2.8% $1.3912 5.3%
Gate.io XEM/ETH $0.0587 3% $0.0000 4.8%
Lykke XEM/USD $0.9999 1,700% $0.0000 100%

Latest NEM NewsLatest NEM News

NEM on Twitter

The world’s largest FinTech festival 2019 edition is back in Singapore on November 11-15, 2019! ?? @sgfintechfest Explore opportunities and gain access to the latest innovations and developments in the market. Register now ?? https://t.co/ZjwwvJYUcO… https://t.co/Q6E0mnGI7N

NEM on Twitter ReadRead 

NEM on Twitter

ICYMI: Here's the insight of the Tech Bureau #mijin seminar event with the #NEM Foundation held last week in Japan ???? [In Japanese] https://t.co/wdaMalZQhv

NEM on Twitter ReadRead 

NEMespanol on Twitter

Te presentamos al segundo finalista del Reto Blockchain organizado por la Bolsa Boliviana de Valores, Rodrigo Quiroz, quien presentó una app hecha bajo @NEMofficial para registrar y tokenizar bonos bursátiles https://t.co/ocAfJEIQE0

NEM on Twitter ReadRead 

XEMBook@NEM/mijin on Twitter

NEM?????????????4???????????????????? NEM????? - ??202x https://t.co/2dmlhCrqhC

NEM on Twitter ReadRead 

NEMespanol on Twitter

¿Aún no conoces a LuxTag (@luxtag_official), la compañía que usa la #Blockchain de @NEMofficial para certificar autenticidad de artículos de cualquier producto? Te invitamos a saber más sobre Papyrus, su próxima solución al alcance de todos en https://t.co/vgkEXvIKwq… https://t.co/WOpjCh2b9z

NEM on Twitter ReadRead 

NEM on Twitter

Credit Card Fraud is a growing crime that affects millions of people worldwide. This is a disruptive issue that needs serious technological intervention. In this article, we will show you how NEM #Catapult and #IoT can solve this problem. Check it out ?? https://t.co/PUGgOlnET4

NEM on Twitter ReadRead 

NEM on Twitter

Take a look at what we've worked on in the Tech Department this past month in July including the second iteration of Catapult 'Elephant', SDK and Testnet milestone ?? https://t.co/gIHNkZseuc

NEM on Twitter ReadRead 

Nem Ventures on Twitter

Dave Hodgson of @NemVentures writing on https://t.co/GHaob4YUvz discussing micro and macro trends in #Blockchain #Adoption adoption. https://t.co/7NZwU7cfE4 #blockhaintrends #crypto #nem #xem https://t.co/kY37Vve6xI

NEM on Twitter ReadRead 

eVias on Twitter

???? Morning #Twitter! I posted the #NEM #Foundation #Technology #Department Update for August!! ???? https://t.co/JrnLQFD67Y - I'll see you in the comments section!! #Catapult #opensource #Blockchain #Securities ???? @NEMofficial

NEM on Twitter ReadRead 

NEM on Twitter

?? Partner Highlight | @luxtag_official Learn more about the #LuxTag story, why they chose #NEM and the upcoming launch of their Papyrus platform in September ?? Click to learn more ?? https://t.co/R9xfTyuWxc

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.
;