NEM (XEM)

NEM is a peer-to-peer cryptocurrency and blockchain platform launched on March 31, 2015. Written in Java, with a C++ version in the works, NEM has a stated goal of a wide distribution model and has introduced new features to blockchain technology such as its proof-of-importance (POI) algorithm, multisignature accounts, encrypted messaging, and an Eigentrust++ reputation system. The NEM blockchain software is used in a commercial blockchain called Mijin, which is being tested by financial institutions and private companies in Japan and internationally.NEM technology allows multiple ledgers to coexist on one blockchain. Thanks to NEM Smart Assets users can create mosaics which can represent any asset (e.g. currency). All transactions in NEM have transaction fee associated with them and denomination used to pay for transactions is mosaic named XEM.In 2017 the NEM Foundation opened a center in Kuala Lumpur, Malaysia, to serve as an incubator, accelerator, and co-working space.
Rank 17
Price $0.1007
Market Capitalization $906 196 704
24 Hours Volume $7 880 552
Available Supply 8 999 999 999 XEM
Total Supply N/A
Change (1 Hour) 0.23%
Change (24 Hours) 1.97%
Change (7 Days) 4.64%
NEM News
September 19th, 2018

This report presents analysis of cryptocurrency market movements during 2018 with special attention paid to the trends seen over September 9-16, 2018.

August 8th, 2018

The Central Election Commission of Ukraine is considering a possibility to use NEM’s Blockchain for local and national elections.

July 26th, 2018

OraSaifu has launched the world’s first all-in-one hardware cryptocurrency wallet, offering its users bank level of security for credit cards and cryptos.

July 22nd, 2018

Samsung has partnered with European fintech payment processing firm CopPay and shortlisted seven cryptocurrencies for payments.

June 29th, 2018

IP Gold, an IP-based services ecosystem, has announced its 24-hour event to mark its successful migration from the Ethereum blockchain to NEM.

June 4th, 2018

More than 30 local businesses, including restaurants, resorts, tour operators, and spa owners will start accepting payments in a range of digital currencies.

May 10th, 2018

Scanetchain, a decentralized open platform, disrupts commerce industry ensuring interoperability of advertising, shopping, contents, and social networking services through using augmented reality (AR) technology.

April 26th, 2018

Monex Group, a new owner of cryptocurrency exchange Coincheck, plans to build its own blockchain platform and conduct an initial coin offering.

April 6th, 2018

Japanese financial services provider Monex Group announced 100% share acquisition of Coincheck. The deal is planned for April 16.

April 5th, 2018

Coincheck, the cryptocurrency exchange that suffered the largest theft earlier this year, has accepted a takeover bid by Japanese online brokerage Monex Group Inc.