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nem  (XEM)


$0.210765 -6.7%
0.00000666 BTC -1.5%
20,549 people like this
Market Cap
24 Hour Trading Vol
24h Low / 24h High
$0.195011 / $0.225780
Circulating Supply
8,999,999,999 / 8,999,999,999

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NEM Price and Market Stats

XEM Price $0.210765
Market Cap $1,894,509,701
Market Cap Dominance 0.20%
Trading Volume $115,297,677
Volume / Market Cap 0.061
24h Low / 24h High $0.195011 / $0.225780
7d Low / 7d High $0.212640 / $0.246395
Market Cap Rank #21
All-Time High $1.87 -88.8%
Jan 07, 2018 (about 3 years)
All-Time Low $0.00008482 246260.4%
Sep 05, 2015 (over 5 years)
Affiliate disclosures
# Exchange Pair Price Spread +2% Depth -2% Depth 24h Volume Volume % Last Traded Trust Score
21.7501 JPY
0.25% $266,806 $351,629
64275473.100 XEM
11.70% Recently
0.2098096 USD
0.3% $295,658 $291,794
34209590.000 XEM
6.22% Recently
0.000006649 BTC
0.26% $189,960 $218,570
21661794.000 XEM
3.94% Recently
0.00000664 BTC
0.15% $78,002 $124,126
39306389.843 XEM
7.14% Recently
234 KRW
0.43% $150,850 $39,412
70710885.151 XEM
12.96% Recently
Show More
Anomaly BTC/USD Stale

About NEM Coin

NEM price today is $0.210765 with a 24-hour trading volume of $115,297,677. XEM price is down -6.7% in the last 24 hours. It has a circulating supply of 9 Billion XEM coins and a max supply of 9 Billion. HitBTC is the current most active market trading it.

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.

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