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Coins: 3779
Exchanges: 270
Dominance:
BTC 51.9%
XRP 11.0%
ETH 10.4%
XEM
USD

NEM (XEM)

1h
24h
7d
14d
30d
1y
0.34%
0.36%
1.4%
-12%
-15%
-95%

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NEM Volume by Exchange

# Exchange Pair Price 24h Volume Volume %
1
Updated less than a minute ago
$0.06
0.00001558 BTC
$4,008,177.05
71236601.064 XEM
21.65%
2
Updated 5 minutes ago
$0.06
0.00045746 ETH
$3,479,775.94
62600225.491 XEM
19.02%
3
Updated 5 minutes ago
$0.06
0.000015516 BTC
$2,740,794.45
48902428.171 XEM
14.86%
4
Updated 5 minutes ago
$0.06
0.00001563 BTC
$1,355,605.79
24010884.962 XEM
7.30%
5
Updated 2 minutes ago
$0.06
0.00001563 BTC
$1,251,817.45
22173020.000 XEM
6.74%
6
Updated 18 minutes ago
$0.06
0.00001564 BTC
$988,989.43
17510800.000 XEM
5.32%
7
Updated 5 minutes ago
$0.06
0.0602595 USD
$575,310.24
9547212.375 XEM
2.90%
8
Updated 17 minutes ago
$0.06
0.174846 XRP
$572,450.24
10095595.000 XEM
3.07%
9
Updated 5 minutes ago
$0.06
6.1604 JPY
$383,426.11
6804763.700 XEM
2.07%
10
Updated 8 minutes ago
$0.06
0.0000155 BTC
$348,490.11
6224182.335 XEM
1.89%
11
Updated 6 minutes ago
$0.06
0.00001557 BTC
$338,039.61
6010134.000 XEM
1.83%
12
Updated 5 minutes ago
$0.06
0.0562 USDT
$275,384.50
4892396.322 XEM
1.49%
Quick Stats
NEM Price $0.06
Market Cap $506,993,557
Market Cap Dominance 0.42%
Trading Volume $18,508,583
24h Low / 24h High $0.06 / $0.06
Market Cap Rank #16
All-Time High $1.87
Since All-Time High -97%
All-Time High Date Jan 07, 2018 (about 1 year)
1 Hour 0.35%
24 Hours 0.36%
7 Days 1.4%
14 Days -12%
30 Days -15%
60 Days -40%
1 Year -95%
NEM/Bitcoin Ratio 1 BTC = 64188.17 XEM
Twitter Sentiment
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Misc. Info
Genesis Date March 31, 2015 (almost 4 years)
Hashing Algorithm Proof of Importance
Hashrate N/A
Block Time 1.0 minutes
Available/Total Supply 9 Billion / 9 Billion
Complete Metrics Score
62%
Total
Major Exchanges Trading Activity
61%
Liquidity
Source Code Repository Activity
66%
Developer
Social Media & Discussion Board
52%
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

ICYMI: NEM.io Foundation signed a Memorandum of Understanding with the Trade Union Circle of the Press and Communication of Córdoba (CISPREN) to develop #blockchain-based software for copyright verification. Read the full story👇

[Spanish] http://bit.ly/NEM-Argentina-MoU-CISPREN

#NEM is happy 🎉 to be part of Latin American Blockchain and Fintech Initiative (#LABFin), the first foundation established in Panama that is focused on #blockchain development and adoption. Read the full story👇

#Komodo #ChainZilla #PundiX #SynergyCryptoadvisor

http://bit.ly/NEM-partner-LABFin

Here’s what to expect in the industry and #Solo energy project, powered by #NEM👇

http://bit.ly/2019-SOLO-Energy

Come join NEM Singapore’s first event this year on January 17th with #NEM Ecosystem Members presenting their respective use cases!

Get your tickets here👉 http://bit.ly/2FoPHSv

http://bit.ly/Prestigious-companies-chose-NEM

ICYMI: To start this year, here are the updates from the Secretariat Office, a newly established function, that will represent the Council in official communications. #NEMFoundation

http://bit.ly/NEM-Foundation-Update-Jan2019

Check this article from Bravenewcoin.com about #NEM being an enterprise grade blockchain solution!👇
http://bit.ly/NEM-Enterprise-grade-blockchain

Come by booth #1107 at CES in Las Vegas and say hi to the #NEM team. We're looking forward to sharing more on the great things ahead in 2019.

https://www.ces.tech/

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