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XEM is the native utility and governance token of the NEM protocol. Managed by the NEM.io foundation based out of Singapore, the protocol started as a fork of the NXT blockchain, the developers have since created their own blockchain architecture. The NEM foundation was one of the early projects to recognise the blockchain and cryptocurrency revolution to be larger than simply a means of payment. The project moved beyond simply a means of payment with what they call their ‘Smart Asset System’, which supports everything from custom tokens to supply chain tracking protocols. While the blockchain does operate similarly to Bitcoin in that it is a distributed public ledger network, there is a key difference with its Proof-of-Importance consensus mechanism. This mechanism works by making only validators hold at least 10,000 XEM tokens for a certain amount of time. Each day an investor holds XEM, 10% of that holding is considered ‘vested’. Only once there is 10,000 XEM fully ‘vested’, then the investor can begin ‘harvesting’, which is similar to being a ‘miner’ of Bitcoin, to then receive transaction processing rewards. The blockchain is then primarily rewarding those who actually use the network.

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Resources

Category
Smart Contracts
Website
nem.io/
Source Code
Github
Github
Github
Github
Github
Explorers
twitter.com/nemofficial

Learn More About Bitcoin

XEM
Nov 17, 2024
How to buy NEM (XEM)
Learn how to buy XEM on Coinstash.
By Coinstash
XEM
Nov 17, 2024
How to sell NEM (XEM)
Learn how to sell XEM on Coinstash.
By Coinstash
XEM
Nov 17, 2024
How to swap NEM (XEM)
Learn how to swap XEM on Coinstash.
By Coinstash

Frequently Asked Questions (FAQs)

The NEM price is $0 AUD, representing a 0% from the day prior.

Yes - you can easily buy and sell NEM (XEM) on Coinstash. Simply login or sign up, to start buying NEM (XEM) in minutes.

The best place to buy NEM (XEM) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell NEM (XEM) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.

The trading volume of NEM (XEM) is $0 AUD in the last 24hrs, representing a 0% from the day prior.

NEM (XEM) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.

The current market cap of NEM (XEM) is $0 AUD.

Yes - With Coinstash you can convert your NEM (XEM) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.

The current circulating supply of NEM (XEM) is 0.

Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling NEM (XEM) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices here.