NEM current price is $0.1958.

NEM current price is $0.1958.


NEM current price is $0.1958 with a marketcap of $1.75 B. Its price is 6.87% up in last 24 hours.


Buy / Sell Nem
  • nem
    NEM (XEM)
  • Live Price
    $0.1958
  • 24h %
    6.87%
  • Market Cap
    $1.75 B
  • Volume
    $125.42 M
  • Available Supply
    9.00 B XEM
  • Rank
    93

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More Info 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.

Historical Data of XEM

Date Price Volume MarketCap

A Step-by-Step-Guide on how to buy Nem (XEM)

Step 1 – Signup to Coinbase and receive 10$ in Bitcoin

You will first need to purchase units of the bigger currencies. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Click below for registration and receive BTC (Bitcoin) or ETH (Ethereum).

Binance Signup
Step 2 – Transfer Your Ethereum (ETH) or Bitcoin (BTC) to an Exchange

Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is similar. Nem (XEM) is obtainable on Binance, so we're going to use that as an example. Unsure on how to send funds from Coinbase to an Exchange? (Just follow this guide)

Make sure you have chosen the exact coin you want to deposit.

Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, etcetera. If you are dealing with a decentralized exchange, such as Airswap or DDEX could be opposed (Follow our manual).

Step 3 – Locate (XEM) Nem

As soon as your deposit has been affirmed, you'll now have access to your finances and you can launch invest and trading. To purchase Nem (XEM) on Binance, you'll want to go to the “Exchange” tab and then mouse click on “Basic”.

To spot Nem (XEM), you'll need to put the shortname of the coin (XEM) into the search box, which is highlighted in the graphic. Be certain of having selected the proper grouping, we've highlighted this too. Click on “XEM/BTC” to go ahead.

Binance How To Buy 1 [cmc-coin-name type=
Step 4 – Buy (XEM) Nem

Once you've spotted Nem (XEM), you will be given a Price Chart (in the Center of the image) and some Order Books (Leftside of the image). Next we're making our Limit Order.

The “Price” field will be filled automatically with the latest tariff (XEM) Nem was sold for. This can be changed to your desired price. The “Amount” field is the volumen of XEM you want to buy. The “Total” field is the aggregated price in BTC that you'll settle for the complete volumen of XEM.

When you are happy, click on “Buy XEM“. Your order will be filled as soon as a Vendor trades their XEM for the price you gave.

Step 5 – Withdraw Nem (XEM)

Unless you're regularly trading, never keep your crypto coins on an Crypto Trader for an extensive time period. To withdraw your (XEM) Nem, go to the tab called “Funds” and mouse click on “Withdraw”. Nem (XEM) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find (XEM) Nem by using the provided drop-down box. Enter the amount of (XEM) Nem you would wish to withdraw. Don't forget the presented minimus/fees. Also make sure you have entered your precise withdraw address.

When you are glad, click on “Submit”. You could be requested for phone/email verification before a withdrawal.

Congrats! You've successfully purchased and stored Nem (XEM).

That's it!

Withdrawals from Exchange can durate between 1 – 30 minutes (depending on network usage). Once you've confirmed your take off using Ethplorer.io or Etherscan.io and the (XEM) Nem is stored within your wallet, you're finished.