What is NEM?
NEM (XEM) was initially released as "New Economy Movement" and was created by pseudonymous developers. NEM begun as a community oriented project but completely new code was developed for it. NEM takes pride in offering a scalable blockchain with its private blockchain option offering extra customization and privacy, especially interesting enterprise applications and use cases. NEM's unique consensus algorithm, "Proof of Importance", requires no specialized hardware and rewards participants in the network with a rating model based on their contributions. That, along with the cryptocurrency's supernode program incentivize further decentralized scaling of its blockchain.
|Market Name||Traded On||Average Price||24h Volume|
|XEM/BTC||Bittrex, Poloniex, HitBTC, Livecoin, Cryptopia, Abucoins||0.00004360 BTC||$3,215,498|
|XEM/ETH||Bittrex, HitBTC, Livecoin||0.00060750 ETH||$81,741|
Fundamental Cryptocurrency Data
|Circulating supply||8,999,999,999 XEM|
|Total Supply||8,999,999,999 XEM|
|Trading volume of all markets for this coin||$3,559,556|
|NEM XEM Prices||
0.00 XAU (= 0.00) grams GOLD
0.02 XAG (= 0.57) grams SILVER
|Marketcap|| 394,409 BTC|
74,653.87 kg gold
5,836,798.85 kg silver