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NEM

NEM XEM Price $ 0.0377

Rank: 212

760 Watchlists

Chain

XEM Price

0.0377
3.53%
(-$ 0.00138)
Price Range
LowHigh
$ 0.0375$ 0.0392

General Info

Explorers:

Explorers

Tags (Sub-Categories):

#Coin

Funds and Backers

No funds found yet

Wallets

No wallets found yet

Description

A blockchain platform for asset management

NEM (XEM) Chart

NEM price Index provides the latest XEM price in US Dollars , BTC and ETH using an average from the world's leading crypto exchanges.

XEM to USD Converter

NEM (XEM)XEM

Private

since Jan

Raised

$ 70.00K

Price:

$ 0.000011

ROI:

3431.42x  +343,042%

Platform:

N/A

ATH ROI:

190170.91x  +19,016,991%

XEM Price Statistics

leaderboard

Market Cap

$ 339.52M

Fully diluted value

FDV

$ 339.52M

ATH Market Cap

$ 18.83B

24 Trade Vol.

$ 2.18M


Vol. (24h) / MCap

0.00641

Max Supply

XEM 8,999,999,999

Total Supply

XEM 8,999,999,999

Circulating Supply

XEM 9.00B

(100% of Max Supply)

Listing Date

12 Aug 2015

All Time High

$ 2.09

4 Jan 2018


All Time Low

$ 0.0000793

15 Sep 2015


From ATH

98.2%

From ATL

47,472%

What is NEM (XEM)?

NEM, New Economy Movement, is a crypto-based project founded in 2015 that aims to create smarter blockchains that are more advanced in technological terms. In particular, it hopes to create new and more efficient ways to manage assets whilst retaining low costs. The NEM ecosystem also includes a crypto wallet, the Nano wallet.

XEM is the platform’s native cryptocurrency. It has a maximum supply of 8,999,999,999.

What are NEM’s key features and how does it work?

NEM has developed a unique consensus mechanism as part of its goal of advancing crypto technology. This involves combining the concept of Proof-of-Importance (POI) and harvesting. They are designed to address the issues related to Proof-of-Work, requiring substantial computational power, and Proof-of-Stake, which favours those who have large quantities of the coin being mined.

In more detail and within the context of the NEM ecosystem, Proof-of-Importance works by rewarding those who have invested in the NEM system. Rewards are determined by several factors which contribute to a user’s POI score. The higher the POI score the more rewards are distributed. 

This includes the NEM “vesting” or holding period of specific users. 10,000 XEMs are needed for “vesting” and to, therefore, qualify for earning block rewards and transaction fees. It is worth noting that the longer XEM is held the higher the reward amount.

NEM also rewards those who actively use the network. For example, those who execute transactions within the network via the POI mechanism.

What can NEM be used for?

Thanks to NEM’s interoperability with both public and private blockchains it has a broad range of use cases.

For example, users can transfer many different types of digital assets via the network, including tokens, files, contracts, and more, to any type of network. For example, money can be moved from Paypal to another private network directly using NEM. 

Other potential use cases include:

  • Creating systems for retail stores to track customer loyalty reward points; 
  • Managing end-to-end supply chain logistics systems;
  • Conducting ICOs.

Where can you buy NEM?

NEM is available for trading on the following CEXs and DEXs listed here. The most popular platforms with the highest liquidity are Binance, AscendEX, Huobi Global, and KuCoin. The price of NEM will vary depending on the choice of exchange and overall market conditions. For up-to-date and historic data for NEM market prices, please view the price charts on this page.

NEM Price Today

NEM's current price is $ 0.0377, it has dropped -3.53% over the past 24 hours.

NEM's All Time High (ATH) of $ 2.09 was reached on 4 Jan 2018, and is currently -98.2% down.

The current circulating supply of NEM is 9.00 Billions coins, and the maximum supply of NEM is 9.00 Billions.

NEM’s 24 hour trading volume is $ 2.18 Million.

NEM (XEM) operates on its own blockchain.

NEM's current share of the entire cryptocurrency market is 0.01%, with a market capitalization of $ 339.71 Million.

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