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XEM (NEM) (XEM) exchange rate

Price for today

0.042 USD -4.72%

0.00000210 BTC -8.33%

Market Cap
374,256,742 $
Volume 24h
28,927,543 $
  • Name XEM (NEM)

  • Symbol XEM

  • Circulating supply 9 000 000 000 $

  • Max supply 9 000 000 000 $

  • Cmc rank 85

  • Volume 24h 28 927 543 $

  • Percent change 1h 0,89 %

  • Percent change 24h -4,7 %

  • Percent Change 7d -0,21 %

About XEM (NEM)

NEM is a peer-to-peer digital currency founded by Lon Wong in 2015. Originally launched as a “New Economy Movement”, NEM is a dual-level blockchain platform written in Java with a multi-ledger support system. With its innovative Smart Asset mechanism, the platform allows nodes to carry out API calls based on NEM blockchain. XEM is project’s native token generated with the help of proof-of-importance consensus algorithm. NEM users rating is determined by a number of XEM coins owned and the frequency of transactions related to their cryptocurrency wallet. The platform also offers a secure peer-based messaging application, multisignature profiles and reputation mechanism. 

What Is NEM (XEM)?

NEM is a relatively new mining service that has gained the most popularity in Japan and the Asian region. On the basis of the NEM blockchain technology, the XEM cryptocurrency was developed and put into circulation, which has a number of features and advantages over other tokens. In the summer of 2016, XEM demonstrated a record growth on the stock exchange, its exchange rate against the dollar increased by 37 times. In the following year, the exchange rate has adjusted, and many crypto experts predict a new wave of NEM growth in the near future.

NEM is a cryptocurrency and crypto platform launched in March 2015 in Malaysia. Initially, it was assumed that this would be a fork of the NXT cryptocurrency. However, after carefully considering this, the team decided to create their own source code. This means that the NEM blockchain is completely unique.

What is XEM? This is NEM's own internal coin.

NEM is short for New Economy Movement. It is built on the Java programming language and is currently also being adapted for C++. This will be added in an update in 2018 known as "Catapult".

Like many cryptocurrency projects, NEM cryptocurrency is a project with quite promising goals, as XEM news has repeatedly said. This is not just a means of payment, in fact, using its properties as a currency is not a priority for the NEM team.

In addition to making a difference to global finance, the NEM team believes it could revolutionize many areas and areas, such as medical and legal records, gaming, royalties, smart contracts, accounting, ICO launches, and more.

One of the key features of NEM is that it is called the Smart Asset System. This is the basis of what makes NEM unique. It was designed to configure blockchain systems, allowing for dozens of variations of powerful yet simple API calls.

Like most decentralized blockchain networks, the NEM network is protected by a global node system that is used by the API Gateway platform.

This makes the NEM network very easy to use for developers, who can now create powerful dApps without special software, since all the features provided by NEM are easily accessible when working with the Gateway API.

Thus, the development of the NEM platform allowed for greater flexibility in terms of system design and the use of the applications being created. In addition to direct access to the NEM API, applications can also access other servers when working with the NEM platform, and developers can use existing servers and use them in the background.

Now NEM is developing. Obviously, the best solutions will not appear soon. But we must pay tribute to the developers, because it is very hard to develop and improve their product, introducing new technologies into it. And many experts insist that NEM is a technically advanced system.

Following NEM news, NEM price today is $ 0.33. However, some experts predict that by the end of the year, the growth of XEM price will reach the level of $ 0.5 to $ 1.65. Therefore, NEM can be an extremely profitable investment.

Buying NEM

The most important question especially for novice investors: is it possible to buy XEM coins for dollars? However, this possibility does not exist. Experienced investors and traders know that few cryptocurrencies can be bought on the exchange directly for dollars or other fiat equivalents. So the best way is to buy BTC first.

Next, you can exchange BTC for XEM on any exchange where this trading pair is available. You can also exchange other cryptocurrencies for the NEM coin.

The coin can be obtained through an exchange on the following exchanges: ImExchanger, OpenChange, ExBox. On Godex.io NEM coin exchange is also available. Here you can get or sell the required number of tokens quickly, anonymously and with one of the lowest transaction fees.

Circulation of NEM

Today NEM price is $0.329739 USD. CoinMarketCap's current ranking is 48th with a market capitalization of $ 2,967,647,570. Today, there are 8,999,999,999 XEM in circulation. This is the final number of coins that will be added to the circulation. There will be no more coins. Therefore, at the moment, the NEM price does not depend on the number of coins in circulation. 

Can You Mine XEM?

At the time of the release of the NEM project to the market, the developers added the entire total number of coins to the network, that is, no additional coins can be mined. Therefore, XEM mining is not possible – it is simply not provided.

Fortunately, mining is not the only way to get coins. You can freely mine other crypto tokens that provide this opportunity, and then exchange them for XEM.

F.A.Q.

How does NEM work?

NEM is a cryptocurrency and crypto platform that uses proof of importance. This approach allows you to analyze each wallet by three criteria: balance, transaction history, and wallet age. The NEM system uses a client-server relationship model, where the infrastructure server is in an independent relationship with the community client. This helps to avoid critical errors and repetitions in the blockchain.

NEM crypto uses two subspecies of blockchain: public and private. The essence of the public blockchain is that it is an ordinary coin. It can be exchanged between wallets, it can be played on the exchange, it can be used to conduct transactions.

A private blockchain differs from a public one in that it is a personal blockchain system for companies. For example, a charity can request a key from NEM to create a private blockchain based on XEM. This is very important for companies with a large daily turnover of funds, because they need a strict ordering of all finances and an increase in the speed of transactions.

How Many NEM (XEM) Coins Are There In Circulation?

At the time of the release of the product to the market, the developers also released a total number of NEM coins that can exist. That is, now the total number of coins in circulation is 8,999,999,999 XEM. 

Different projects and developers choose their own format for issuing coins. Someone throws out, like XEM, the total total number of tokens immediately upon the release of the project to the market. Although a more common practice is the gradual mining of coins by users.

How Can You Convert NEM (XEM)?

NEM value, as experts think, will soon grow significantly. So if you decide to invest some amount of money in XEM, It is very easy to exchange XEM coins on a convenient platform. On Godex.io you can do this without registration, with high transaction speed and low fees.

You can exchange another cryptocurrency for XEM or vice versa in a few simple steps:

  • Step 1: Go to Godex.io.
  • Step 2: In the drop-down list on the left, select the "send" coin and the amount you want to exchange. And in the right "get" window, select XEM.
  • Step 3: Enter the address of your wallet where the coins will be sent, and click the "exchange" button.
  • Step 4: Send the specified number of exchanged coins to the wallet address you received. You need to transfer the specified amount of coins there, which you exchange for NEM tokens.
  • Step 5: After confirming the sending, the exchange process will begin. At the time of the transaction Godex.io freezes the currency exchange rate.

After completing the transaction and receiving the coins to your wallet, you will have access to all the information about the exchange. You can do the same if you want to sell XEM and buy other coins.