NEM
THE SMART ASSET BLOCKCHAINSummary
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.
NEM was designed to be faster, cheaper and more effective than Bitcoin or other simular crypto currencies. There is also no miners as all the coins was create from the start. NEM reward harvesters and super node holders for consensus of the network, they get paid in transaction fees, and it uses a lot less power because of POI (Proof-of-Importance) Mechanism.
Information
* Note that all data is static of date of article.
Symbol : XEM
Date Started : 1 April 2015
Age : 1 years 8 months
Listed Start Price : $0.0004
All time High : $1.11
Current Price : $0.925597
All time Low : $0.00013
Market Cap : $8 037 944 999
Circulating Supply: 8 999 999 999 XEM
Mineable : No
Consensus Mechanism: Proof-of-Importance(PoI)
Website : nem.io
Lifetime Price Percentage : 231 299.25%
Rating :
Pros & Cons
| Pros | Cons | ||||
|---|---|---|---|---|---|
| Multi signiture | Big Coin supply | ||||
| Proof-of-Importance algorithm | 100% traceable | ||||
| Low power to run network | Functional coin, not disrupting any industries | ||||
| Low transaction fees | |||||
| Fixed supply | |||||
| Messaging service | |||||
| Bounties programs | |||||
| API Wrappers integrated to multiple dev. languages |
| Jeff McDonald | Rene Bernard |
|---|---|
| Vice President | President |
| Teaching skills | CEO/Co-Founder of LuxTag.io |
| Curriculum Design | International Technopreneur |
| Graduated at Kansas | Cybersecurities and Blockchain |
Rewards
Rewards for the Supernodes program started on June 1st, 2016. The payout started at 70,000 XEM per day and will be split among all nodes that pass the tests for the day. This payout is planned to be increased at regular increments. In the event of a Supernode’s program update and/or downtime of the Supernode’s monitor, rewards will not be paid for that day. source
Community
| YouTube | Github | ||||
|---|---|---|---|---|---|
| Members | 117 000 | 13 708 | 11 958 | 80 816 | 4 |
| Last | 2017/12/30 | 2017/12/30 | 2017/12/30 | 2017/12/30 | 2017/12/22 |
| Links |
Trends
NEM
Compaired to other currencies
News
TREZOR Creates Hardware Wallets for the NEM Blockchain. 20th December 2017 read more..
ioNEM - Transferable, On-Chain IoT Ownership with NEM. 8th November 2017 read more..
Markets
| Market | Pair |
|---|---|
| Abucoins | XEM/BTC |
| AEX | XEM/BTC |
| AEX | XEM/BITCNY |
| Bitcoin Indonesia | NEM/BTC |
| Bittrex | XEM/BTC |
| Bittrex | XEM/ETH |
| COSS | XEM/BTC |
| COSS | XEM/ETH |
| Cryptomate | XEM/GBP |
| Cryptopia | XEM/BTC |
| Cryptopia | XEM/LTC |
| Cryptopia | XEM/DOGE |
| Exrates | XEM/USD |
| Exrates | XEM/BTC |
| HitBTC | XEM/BTC |
| HitBTC | XEM/ETH |
| HitBTC | XEM/USDT |
| LiteBit.eu | XEM/EUR |
| Livecoin | XEM/BTC |
| Livecoin | XEM/USD |
| Livecoin | XEM/ETH |
| OKEx | XEM/BTC |
| OKEx | XEM/USDT |
| OKEx | XEM/ETH |
| Poloniex | XEM/BTC |
| Qryptos | XEM/BTC |
| YoBit | XEM/BTC |
| YoBit | XEM/USD |
| Zaif | XEM/JPY |
| Zaif | XEM/BTC |
Technology is just a tool. In terms of getting the kids working together and motivating them, the teacher is the most important. - Bill Gates