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NEM (XEM) Logo
$ 586.17 M
XEM 55.18 M
~ 9.00 B
Total Coins Mined
~ 9.00 B
*General last updated 12/14/18 2:05:03 PM
The price of one XEM during the ICO was US $0.0004, where NEM was accepting more currencies than the average ICO which included: BTC, USD, JPY, EUR, CNY, LTC, and DOGE. NEM’s governance structure is both centralized and decentralized (semi-centralized)
Lon Wong is the president and founder of NEM Foundation. The NEM Foundation is endorsed by an international network with years of experience in IT, business processes, trading, international management, and other business-related sectors. The team culture is to provide NEM’s blockchain technology platform to strengthen operations while being run by the people, for the people.
NEM uses POI as their algorithm to timestamp transactions which is an alternative to Proof of Stake and Proof of Work. Rather than a user only needing a large number of coins to form a block, like in some proof of stake systems, the NEM platform considers the support of the network as well as the transaction amount. It was designed so as to push users into actively carrying out transactions. NEM gives the user direct API access to a specialized set of tested and secure on-blockchain features.