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    Coin Name

    NEM

    Symbol

    XEM

    Price

    $ 0.06513

    Market Cap

    $ 586.17 M

    24H Change

    $ -0.0061

    24H % Change

    -8.55%

    Volume 24H

    XEM 55.18 M

    Current Supply

    XEM 8,999,999,999.0

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    NEM Bio Edit Bio Icon

    XEM Coindex

    Name

    NEM

    Symbol

    XEM

    Stats

    Price

    $ 0.06513

    24H Change

    $ -0.0061

    Market Cap

    $ 586.17 M

    24H Change

    -8.55%

    Volume 24H

    XEM 55.18 M

    Current Supply

    8,999,999,999.0

    General

    Total Supply

    ~ 9.00 B

    Proof Type

    PoI

    Start Date

    31/03/2015

    Last Block

    12/14/18 1:55:17

    Total Coins Mined

    ~ 9.00 B

    Whitepaper

    PDF Link

    ICO Status

    Completed

    *General last updated 12/14/18 2:05:03 PM

    Social

    Summary

    NEM is a peer-to-peer cryptocurrency and blockchain platform written in Java and Javascript language. The platform launched on March 31, 2015, introducing new blockchain features like its proof-of-importance (POI) algorithm, encrypted messaging, and multi-signature accounts.

    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)

    Team

    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.

    How NEM Works

    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.

    Key Highlights

    • A domain name system used to create a personal place along with subdomains for businesses (Namespace)
    • The network detects spam attackers and makes transaction fees higher while regular transactions are processed at the normal rate

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