NEM (XEM) logo
NEM (XEM) logo

NEM (XEM) Price and Reviews

Expert Review
May 23, 2020

NEM (New Economy Movement) is a blockchain-based platform for operation of mission-critical transactions for businesses. The platform has its own blockchain and a native token called XEM. NEM appeared on the market in 2015. Currently, it is one of the most successful blockchain projects hailing from Japan. 

The NEM blockchain is permission-based. Stakeholders (who should have at least 10,000 XEM) participate in building of blocks ("harvesting"). The hierarchy of validators is based on the original proof-of-importance algorithm. It considers number of staked coins, volume of transactions, and other factors. Validation of transactions brings rewards for the stakeholders. 

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Related news
Country: Japan
Launched: 2015
Market cap: $ 1,461,817,800.8376
Supply: 8,999,999,999.0
Price (USD): $ 0.1624
Volume 24h: $ 37,453,644.45097
Change 24h: -11.93%
NEM (XEM) logo

NEM (XEM) Price and Reviews