XEM

Nem price

XEM
|
3.3/5
CyberScope
4.4
05/23/2024
TokenInsight
2.1
11/08/2023
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USD
USD
$0.037468
+0.53%
1h
24h
1W
1M
1Y
All

Nem price live data

The current price of Nem is $0.037468. Since 00:00 UTC, Nem has increased by +0.54%. It currently has a circulating supply of 8,999,999,999 XEM and a maximum supply of 8,999,999,999 XEM, giving it a fully diluted market cap of $337.32M. At present, Nem holds the 0 position in market cap rankings. The Nem/USD price is updated in real-time.

Nem price performance in USD

Time periodChange amount%Chg
Today$0.00019994 +0.53%
7 days$0.000088006 +0.23%
30 days-$0.00444 -10.60%
3 months-$0.00115 -2.99%

Nem market information

24h low/high
The highest, lowest, and last prices in 24 hours
24h low$0.035988
Last price $0.037468
24h high$0.039337
Market cap
$337.32M
Favorited rate
Percentage of users who favorited this asset to all users
0.86%
All-time high
$1.7800
-97.90% (-$1.7425)
Jan 15, 2018 (6 years ago)
All-time low
$0.019860
+88.66% ($0.017608)
Aug 18, 2023 (9 months ago)
ICO date
04/01/2015
ICO price
The price at which this crypto was first traded
$0.00040000
Circulating supply
The amount of this crypto that is publicly available in the market
8,999,999,999 XEM
Market cap at circulating supply
Market cap = Circulating supply × Last price
$337.32M

About Nem (XEM)

While the growing adoption of cryptocurrency and blockchain technology is undoubtedly positive, it has also brought to light certain industry challenges that demand attention. In response to these concerns, a diverse array of protocols has emerged within the space, each dedicated to addressing specific issues and offering practical solutions. Among these projects, NEM (XEM) stands out as a noteworthy endeavor.

What is NEM 

NEM is an enterprise-level blockchain ecosystem that streamlines the verification and migration of blockchain assets, effectively bridging private and public chains to enhance usability. Its distinct approach has garnered widespread user interest. Tailored for businesses, NEM addresses crypto market challenges by facilitating interoperability between private and public chains. 

The NEM team 

NEM was initiated by a Bitcoin Talk forum user known as utopianfuture. The initial concept was to build upon an existing network; however, the decision was made by developers to create a new blockchain instead. The NEM network is powered by a team of anonymous developers and marketers dedicated to providing enterprise-level business solutions.

How does NEM work 

At the heart of NEM lies its smart asset system, which allows users to model real-world assets using the NEM blockchain. Users can create their own crypto tokens, known as mosaics. To do this, they must first create a namespace. Once complete, users can issue mosaics and take advantage of theory use cases, including providing voting rights on user projects or being a store of value. 

NEM leverages the Proof of Importance (PoI) consensus algorithm, which helps verify transactions on the blockchain. Once a block of transactions is ready to be validated, NEM selects a validator, otherwise known as a harvester. A validator must hold a minimum of 10,000 XEM to receive rewards, and the rewards depend on the amount of XEM staked and the amount of time it’s staked for. It’s also worth noting that not all harvesters are required to contribute computational power. Instead, each harvester can link their account to a supernode. 

XEM tokenomics 

XEM has a maximum supply and circulating supply of 8 billion tokens. It was designed to execute smart contracts and grant developers access to build, launch, exchange, and move data and assets across multiple chains. 

XEM use cases 

XEM enables developers to execute smart contracts and guarantees faster transactions. It also grants users access to an enterprise-level solution, empowering seamless swaps of assets and data between networks. Furthermore, the XEM token grants holders with voting rights, which allows them to help shape the future of the project. 

What is next for NEM 

The NEM team is committed to integrating and improving existing technology to guarantee a sustainable platform capable of enabling interoperability. To achieve all of this, NEM continues to explore partnerships within the crypto industry to boost its credibility and utility within the space. For instance NEM has partnered with KardiaChain, a blockchain infrastructure that has incorporated XEM tokens into the KAI membership decentralized app (dApp) to expand its ecosystem. NEM also hopes to incorporate new features as well as simplify overall usage, dispelling existing barriers to entry. 

XEM FAQ

What is NEM? 

NEM is an enterprise-level solution designed to foster seamless connections between private and public chains, enabling interoperability. 

What are the benefits of holding XEM? 

XEM holders gain voting privileges and block approval rights. They also have access to the network, can swap assets across chains, and execute smart contracts. 

Where can I buy XEM? 

Easily buy XEM tokens on the OKX TR cryptocurrency platform. Available trading pairs in the OKX TR spot trading terminal include XEM/USDT.

Alternatively, you can swap your existing cryptocurrencies, including XRP (XRP), Cardano (ADA), Solana (SOL), and Chainlink (LINK), for XEM with zero fees and no price slippage by using OKX TR Convert.