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NEM (XEM) is the 145th largest cryptocurrency in the world by market cap, valued at $339,030,000. The current price of NEM is $0.03767, which is 1.019% higher than yesterday. Prices have ranged between $0.03930069 and $0.03577409 over the past 24 hours. All prices are listed in US dollars and accurate as of January 26, 2023 11:01 UTC.
New Economy Movement (NEM) is a blockchain platform that powers the Smart Asset System. This system is intended to be a customisable blockchain solution that can be used to provide services like payments, messaging, token creation, secure records and more.
A global network of nodes running the NEM core software is used to confirm transactions and secure the network, with the network used as an API Gateway server.
NEM uses a proof-of-importance algorithm to achieve consensus. Each node has its own importance score, which is a measure of how much you’ve invested into the NEM system and determines how often you can harvest the network’s utility token, XEM. In this way, active participation in the NEM network is encouraged and incentivised.
Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.
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