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NEM XEM |
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$0.0224051 |
29.51 % (24h) |
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Marketcap |
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$201,645,536 |
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Volume 24h |
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$124,720,495 |
Description
NEM (XEM) is a cryptocurrency and blockchain platform launched in 2015.
NEM stands for "New Economy Movement," and its blockchain technology is designed to be efficient and scalable, supporting a variety of applications including supply chain management, voting systems, and asset management.
XEM, the native cryptocurrency of the NEM platform, is used for transactions on the network and for paying fees.
NEM introduces a unique consensus mechanism called Proof of Importance (PoI), which takes into account the user's stake and activity on the network.