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NEM (XEM) price, chart, coin profile and news
Find the latest NEM (XEM) price, coin profile, news and history to get you started with NEM trading and investing.
What is NEM?
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.
NEM (XEM) is the 112nd largest cryptocurrency in the world by market cap, valued at $300,622,451. The current price of NEM is $0.03338118, which is 1.516% higher than yesterday. Prices have ranged between $0.03347977 and $0.0326855 over the past 24 hours. All prices are listed in US dollars and accurate as of December 05, 2022 04:12 UTC.
What is Bnb?
Binance Coin (BNB) is the token native for Binance and its blockchain-based ventures. The coin can be used to interact with the Binance cryptocurrency exchange as well as the ever-evolving DeFi ecosystem on the Binance Smart Chain network.
On the Binance exchange, BNB provides users with discounts on trading fees, serves as a trading pair for coins and is used on the Binance Decentralized Exchange (DEX). Fees paid in BNB are periodically “burnt”, which means they are permanently removed from circulation, which in turn decreases the supply and theoretically increases the value. Binance will continue to burn coins until the supply is reduced from 200 million to 100 million.
BNB is also used on the exchange to participate in launchpad events, which are similar to Initial Coin Offerings (ICO).
On the Binance Smart Chain (a smart contract platform developed by Binance based on Ethereum’s codebase), BNB is used to pay gas fees and has a central role in many DeFi applications (dapps). In this way, it is very similar to the role of ETH on Ethereum.
For instance, users can deposit BNB to provide liquidity on the PancakeSwap DEX or be traded for BEP-20 tokens (The BSC version of ERC-20 tokens).
NEM (XEM) priceUse our graph to track the performance of (XEM) over time.
NEM at a glance
|Total XEM supply||8,999,999,999|
|All time high||US$1.87|
|All time high date||January 07, 2018|
|Notable team members||Erik Van Himbergen, Jeff McDonald, Leon Yeoh, Lon Wong|
|Partnerships||FIX Network, Pundi X|
|Token uses||Transaction fees, digital currency, utility token|
NEM price performance over time
Nem in the news
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Disclaimer: Cryptocurrencies, including NEM, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of XEM 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 NEM or any other cryptocurrency discussed.