Question 1

What is NEM?

Accepted Answer

NEM is a blockchain platform that was launched in 2015 and aimed to improve on the imperfections of other chains at the time. It was one of the first non-turing complete chains to offer user-defined tokens, namespaces, multisignature accounts, and a P2P reputation system. It introduced the proof-of-importance consensus mechanism to reward on-chain activity and deter wealth concentration. NEM's client, NIS, is written in Java. In 2021, NEM was hard forked by a team aiming to turn it into the world's leading payments platform for on-chain and off-chain media content.

Question 2

Who created NEM?

Accepted Answer

NEM was created by its founding team and developers. For detailed information about the project's origins and team, please refer to the official documentation and whitepaper.

Question 3

How do I buy NEM?

Accepted Answer

You can buy NEM on various cryptocurrency exchanges. First, create an account on a reputable exchange, complete the verification process, deposit funds, and then place an order for NEM.

Question 4

Is NEM a good investment?

Accepted Answer

The value of NEM, like all cryptocurrencies, can be volatile. Before investing, research thoroughly, understand the risks, and never invest more than you can afford to lose. Consider consulting a financial advisor.

Question 5

How do I store NEM?

Accepted Answer

You can store NEM in cryptocurrency wallets. Options include hardware wallets (most secure for long-term storage), software wallets, and exchange wallets. Always backup your wallet and keep your private keys secure.

Question 6

What makes NEM unique?

Accepted Answer

NEM has unique features and technology that differentiate it from other cryptocurrencies. These may include its consensus mechanism, transaction speed, scalability solutions, or specific use cases within its ecosystem.

Question 7

What is the current price of NEM?

Accepted Answer

The current price of NEM is displayed at the top of this page and updates in real-time. You can also view historical price charts and market data including 24-hour trading volume and market capitalization.

Question 8

How is the NEM network secured?

Accepted Answer

The NEM network is secured through its consensus mechanism, which may include Proof of Work, Proof of Stake, or other validation methods. This ensures transaction integrity and prevents double-spending.

#	Instrument	Exchange	Benchmark Score	Price	24h Change	24h Volume	24h Trades	24h Open	24h High
1	XEM-USDT XEM-USDT	kucoin	BB	0.0₃5210USDT	-1.14%	15,621,257.87XEM	2,032	0.0₃5270USDT	0.0₃5599USDT
2	XEM-USDT XEM_USDT	gateio	A	0.0₃5259USDT	-0.79%	11,721,460.00XEM	475	0.0₃5301USDT	0.0₃5689USDT
3	XEM-USDT XEM_USDT	poloniex	C	0.0₃5599USDT	3.70%	575,133,778.43XEM	39,935	0.0₃5400USDT	0.0₃5900USDT
4	XEM-USDT xem_usdt	xtpub	-	0.0₃5259USDT	-0.79%	22,689,357.00XEM	317	0.0₃5301USDT	0.0₃5650USDT
5	XEM-USDT XEMUSDT	coinex	C	0.0₃5204USDT	-2.81%	20,657,798.25XEM	8,542	0.0₃5355USDT	0.0₃5521USDT
6	XEM-JPY XEMJPY	zaif	-	0.08540JPY	-0.70%	4,626,403.70XEM	377	0.08600JPY	0.08800JPY
7	XEM-USDC XEMUSDC	coinex	C	0.0₃5204USDC	-2.85%	3,627,341.06XEM	1,561	0.0₃5357USDC	0.0₃5517USDC
8	XEM-INR XEMINR	coindcx	-	0.05282INR	-3.84%	760,734.59XEM	20	0.05493INR	0.05493INR
9	XEM-BTC xem_btc	yobit	-	0.0₇5999BTC	0.000	0XEM	0	0.0₇5999BTC	0.0₇5999BTC
10	XEM-USD xem_usd	yobit	-	0.004895USD	0.000	0XEM	0	0.004895USD	0.004895USD
11	XEM-USDT XEMUSDT	hitbtc	E	0.0₃5389USDT	0.000	0XEM	0	0.0₃5389USDT	0.0₃5389USDT
12	XEM-BTC XEMBTC	hitbtc	E	0.0₈8000BTC	0.000	0XEM	0	0.0₈8000BTC	0.0₈8000BTC
13	XEM-USDT XEMUSDT	bequant	C	0.0₃5389USDT	0.000	0XEM	0	0.0₃5389USDT	0.0₃5389USDT
14	XEM-BTC XEMBTC	bequant	C	0.0₈8000BTC	0.000	0XEM	0	0.0₈8000BTC	0.0₈8000BTC
15	XEM-USDC XEMUSDC	hitbtc	E	0.0₃6910USDC	0.000	0XEM	0	0.0₃6910USDC	0.0₃6910USDC
16	XEM-DOGE xem_doge	yobit	-	0.05856DOGE	0.000	0XEM	0	0.05856DOGE	0.05856DOGE
17	XEM-BTC XEMBTC	zaif	-	0.0₇1000BTC	0.000	0XEM	0	0.0₇1000BTC	0.0₇1000BTC
18	XEM-INR XEMINR	bitbns	-	0.5000INR	0.000	0XEM	0	0.5000INR	0.5000INR
19	XEM-WAVES xem_waves	yobit	-	0.01705WAVES	0.000	0XEM	0	0.01705WAVES	0.01705WAVES
20	XEM-ETH xem_eth	yobit	-	0.0₅4060ETH	0.000	0XEM	0	0.0₅4060ETH	0.0₅4060ETH
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