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Coins: 3576
Exchanges: 259
Dominance:
BTC 54.5%
XRP 11.1%
ETH 8.46%
XEM
USD

NEM (XEM)

1h
24h
7d
14d
30d
1y
-0.72%
2.3%
-6.2%
2.8%
-21%
-82%

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NEM Volume by Exchange

# Exchange Pair Price 24h Volume Volume %
1
Updated 26 minutes ago
$0.07
0.000020546 BTC
$3,565,049.98
49504788.562 XEM
32.76%
2
Updated 9 minutes ago
$0.07
8.1 JPY
$1,297,113.12
18043644.200 XEM
11.94%
3
Updated 16 minutes ago
$0.07
0.00002089 BTC
$916,917.48
12530648.000 XEM
8.29%
4
Updated 3 minutes ago
$0.07
0.00002086 BTC
$735,776.65
10065300.000 XEM
6.66%
5
Updated 26 minutes ago
$0.07
0.0743002 USD
$619,034.63
8331533.808 XEM
5.51%
6
Updated 2 minutes ago
$0.07
0.00002092 BTC
$426,222.48
5813928.697 XEM
3.85%
7
Coinsuper
Trading Incentives
Updated 2 minutes ago
$0.07
0.00002092 BTC
$423,047.38
5770618.387 XEM
3.82%
8
Updated 1 minute ago
$0.07
0.00002093 BTC
$405,577.17
5532078.457 XEM
3.66%
9
Updated less than a minute ago
$0.08
0.07594 USD
$385,298.07
5073717.000 XEM
3.36%
10
Updated 3 minutes ago
$0.07
0.488543 BITCNY
$184,905.61
2534576.800 XEM
1.68%
11
Updated 6 minutes ago
$0.07
0.00002089 BTC
$151,173.63
2065059.782 XEM
1.37%
12
Coinsuper
Trading Incentives
Updated 2 minutes ago
$0.07
0.00080279 ETH
$148,058.96
2019156.790 XEM
1.34%
Quick Stats
NEM Price $0.07
Market Cap $656,037,746
Market Cap Dominance 0.58%
Trading Volume $10,866,096
24h Low / 24h High $0.07 / $0.08
Gecko Rank #19
Market Cap Rank #14
All-Time High $1.87
Since All-Time High -96%
All-Time High Date Jan 07, 2018 (11 months)
1 Hour -0.79%
24 Hours 2.2%
7 Days -6.1%
14 Days 2.9%
30 Days -21%
60 Days -30%
1 Year -82%
NEM/Bitcoin Ratio 1 BTC = 48084.47 XEM
Twitter Sentiment
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Misc. Info
Genesis Date March 31, 2015 (over 3 years)
Hashing Algorithm Proof of Importance
Hashrate N/A
Block Time 1.0 minutes
Available/Total Supply 9 Billion / 9 Billion
Complete Metrics Score
64%
Total
Major Exchanges Trading Activity
59%
Liquidity
Source Code Repository Activity
79%
Developer
Social Media & Discussion Board
50%
Community

About NEM

NEM is a highly versatile crypto solution which seeks to adhere to a host of mainstream industry requirements. It is written in Java and JavaScript with 100% original source code. NEM has a stated goal of a wide distribution model and has introduced new features in blockchain technology in its proof-of-importance (POI) algorithm. NEM also features an integrated P2P secure and encrypted messaging system, multisignature accounts and an Eigentrust++ reputation system.

Essentially, NEM is designed as a financial blockchain solution and can be used for payment, clearing and settlement in a private environment which is highly controlled. This means that NEM meets several of the regulatory requirements and guidelines in the financial industry. This allows it to be used to settle (change of ownership) any asset via the blockchain. Mijin which is a private chain of NEM has gained popularity and companies such as Hitachi have already embraced it.

Why NEM?
Many banks around the world have come to accept the importance of blockchain technology. In fact, a good number of banks in the U.S, India and Japan have already started using the technology. Because banks generally employ the smart contract concept, NEM’s platform which is asset-friendly can be used to settle any asset. In settling assets, speed, security, and reliability are very important to a mainstream institution which is what this crypto offers. NEM addresses these issues by repackaging its blockchain into a private chain and presenting it as Mijin.

NEM crypto is also applicable in the technology world. Unlike Bitcoin and Dogecoin which use mining to increase the number of coins, XEM uses something called ‘harvesting’. In this process, blocks are generated and a person is rewarded for work contributed using transaction fees. Every block has a certain number of transactions which attract an unknown amount of fees. This keeps the participants incentivized to continue harvesting. For a blockchain user to be allowed to harvest, one must go through a forging mechanism process called Proof-of-Importance (POI).

POI is the algorithm used in NEM to time stamp transactions. A NEM user's importance is determined by how many coins they have and the number of transactions made to and from their wallet. POI uses the NCDawareRank network centrality measure, the topology of the transaction graph, as well as a number of other relevant signals to achieve consensus. POI is different from other initiatives which use a fee-sharing model that does not take into consideration one's overall support of the network. In proof-of-stake systems a person needs to have large numbers of coins to form a block, but in NEM transactions volume and trust become factors. This was designed to encourage users of NEM to not simply hold XEM but instead actively carry out transactions.

To be eligible for entering the importance calculation, an account must have at least 10,000 vested XEM. All accounts owning more than 10,000 vested XEM have a non-zero importance score. With a supply of 8,999,999,999 XEM, the theoretical maximum number of accounts with non-zero importance is 899,999. In practice, the number of actual accounts with non-zero importance is not expected to approach the theoretical max due to inequalities in held XEM and also the temporal costs associated with vesting. If NEM becomes very popular, a threshold of 10,000 vested XEM could be undesirable. If necessary, this number could be updated in the future via a hard fork, which is the same procedure for adjusting transaction fees and other parameters related to harvesting.

Beam Updates

Watch #LatiNEM’s episode on how #NEM is ideal for the traceability of any product + NEM Ukraine’s #CryptoHeroes project + an interview with the NEM #Thailand Head Laura Takenaka. 👉 https://youtu.be/FSKSxRlgmZQ

NEM in Action: Beatty Secondary School - Work Attachment Program:
http://bit.ly/2EntWTy

(c) NEM Singapore

Most blockchain networks do not support the platforms that matter most. At #Cache, they focus on developers to help them make the best business systems. As they say, it was built for businesses but designed for developers. Know more about them👇
https://getcache.io/platforms

#NEM #Blockchain #NEMecosystem #NEMprojects

There is a pile of good news NEM Ukraine has for the community! Check out all the updates the team has for all of us by clicking the link👉 https://link.medium.com/8w7pwxS1uS

Ukrainian: https://link.medium.com/0Z3QE3V1uS

Denarii and LoyalCoin wallets, both part of #NEMecosystem, are included on the must-have e-wallets list in the Philippines! 🇵🇭

http://bit.ly/Must-have-e-wallet-in-Philippines

ICYMI: This is a powerful video that highlights how the Crow Tribe is innovating with #blockchaintechnology and using it as a way to empower Crow citizens of all generations to build a stronger future. Credits to #He3Labs!

https://youtu.be/Ayzz269V-YI

Start your journey in building apps and developing games with #Blockstart (by Devslopes)! Find out how at https://blockstart.io

#NEM #Blockchain #NEMecosystem #NEMprojects

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