XEM - NEM Price, Charts, All-Time High, Volume & Markets - In USD, EUR, CNY etc. | Nomics
YTD
USD

NEM (XEM)

XEM Price
$0.196726
482.88%
Market Cap
$1.77B
482.88%
Volume
$10.92B
40.83%
Transp. Vol.
15%96.48%
Grade
A gradeA grade
Rank
#21

XEM / NEM Price

(1 year)
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NEM Year-to-Date Performance

Today's NEM price is $0.196726, which is up 483% since the beginning of the year. NEM's market cap is $1.77B. Year to date XEM volume is $10.92B. It has a market cap rank of 21 with a circulating supply of 8,999,999,999 and max supply of 8,999,999,999. NEM is traded on exchanges. NEM had an all-time high of $1.8208 almost 3 years ago. Since the beginning of the year, NEM has had 15% transparent volume.

XEM Data Highlights
Market Cap
$1.77B
482.88%
Volume
$10.92B
40.83%
Transp. Vol.
$1.66B15%96.48%
Transparency GradeA gradeA grade(Transparent)
Circulating Supply8,999,999,999
Max Supply8,999,999,999
7D Price Prediction
N/A

NEM Statistics

Price

$0.196726
Price Change
$0.162975 (482.88%)

All-Time High

$1.8208
Date of ATH1/7/2018
Days Since ATH1060
% of ATH10.80%
Price vs ATH

Market Cap

$1.77B
Mkt Cap Change
$1.47B$1,466,775,673 (482.88%)
Mkt Cap Rank21
Mkt Dominance<1%
Mkt Dominance

Circulating Supply

8,999,999,999
Max Supply8,999,999,999
% in Circulation100.00%
% in Circulation

Volume

$10.92B$10,915,676,522
Vol. Change
$3.16B$3,164,888,314 (40.83%)
Exchange VolumeUnknown

Transparent Volume

15%
Transparent Volume (Δ)
96.48%
Transparent Volume
A - 15%
B - 1%
C - 61%
D - 23%
? - <1%

About NEM

NEM is a dual-layer blockchain similar to Ethereum but written in Java, a popular programming language; its native cryptocurrency is XEM. The platform describes itself as a ‘smart asset blockchain’ which allows developers to build a number of decentralized applications (dApps) for fintech, logistics, Initial Coin Offerings (ICO), and peer-to-peer payments.

NEM stands for New Economy Movement, the premise of the platform is that it combines learnings from other cryptos (such as Bitcoin) with academic research in network theory. Its key advantage is its modular Smart Asset System, which enables businesses to replicate almost any business transaction on the blockchain with minimal development. Because NEM was created using Java, most programs can be easily adapted to utilize the network. It is sometimes described as a blockchain-based cloud platform.

The founding vision of the protocol was to create a system that would give power to users, rather than coin hoarders and mining companies. One of the issues with the Proof of Work system used by Bitcoin (and many others) is that in order to mine tokens, you must use computational power; the greater your machine’s power, the greater the chance of earning coins.

This has lead to a system where only those who can afford the latest and most expensive mining machines are able to profit, while the average person is not able to compete or contribute. Miners of larger amounts also have a tendency to hoard their coins without contributing to the system and if the amount they hold is large enough, they can gain control of the token network.

To ensure a fairer system XEM cannot be mined or staked. Instead, the currency is harvested through the Proof of Importance (POI) algorithm and uses Delegated Harvesting to determine who can vest the next block. NEM’s POI system takes into account how much XEM a participant holds and whether they have actively helped the economy by transacting with others. Each user is given a trust score, the higher it is, the more chance they have of being rewarded.

To begin vesting coins, a participant must place at least 10,000 unvested XEM coins in an approved XEM wallet. Over time, XEM coins pay out dividends (interest) and trust scores increase, as long as there is a balanced transaction history and the holder contributes to the community.

There are 8,999,999,999 XEM in total, 75% of the coins were issued evenly to nearly 3,000 stakeholders after the launch of the genesis block on March 31, 2015. The remaining 25% of XEM was allocated to marketing and development expenses. The equal distribution is to ensure that no one can control the price or gain an advantage over others since each stakeholder only controls about 0.025% of the currency.

The initial framework of NEM was laid out by an anonymous Bitcoin Talk forum user called UtopianFuture in 2014. By July 2018 the organization had grown to include the NEM Foundation and headquarters in Kuala Lumpur, Malaysia, which serve as an incubator, accelerator, co-working space.

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NEM Markets

(Top 10)
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NEM Historical Data

(Past 7 Days)
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Frequently Asked Questions

  • What’s the current NEM price? How much is 1 NEM worth?

    The price of 1 NEM is $0.196726. Over the last 24 hours, a NEM is worth 6.50% more. Go here to convert XEM prices to currencies other than USD.
  • When did NEM start?

    The earliest trading data for NEM is on March of 2015 (based on current exchange data).
  • How high can the NEM price go?

    NEM’s price has gone as high as $1.8208 (which is XEM’s all-time high). It achieved this price almost 3 years ago. Speculations abound for how high NEM’s price will get in the future.

Today's XEM / NEM News for December 2, 2020

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