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.