Buy NEM (XEM)

Live xem/INR Price

51.93

Price Changes

-0

24h Low

24h High

Live xem/INR Price

51.93

Price Changes

-0

24h Low

24h High

Reasons to Buy NEM (XEM)

  • Nem acts as a bridge between private and public blockchains; it also allows for seamless transfer of digital assets.
  • It usesSHA3 hash algorithm to protect its network.
  • XEM is the native currency of Nem’s blockchain.
  • It has a market capitalization of nearly $2 billion.
  • It has a maximum supply of 8.99 billion Nem coins. 

Launched on June 25, 2014, Nem is also regarded as the Smart Asset blockchain that is proficient in low-cost asset management. 

It is the forked-out version of the popular blockchain-based virtual currency, NXT, that is managed by NEM.io It achieves its safety protocol from the NIS1 blockchain by its Proof of Importance algorithm. Focusing on the ‘important score’, nodes are incentivized very fairly and maintain trust in the NEM ecosystem. It also supports high-end features such as encrypted messaging and multi-signature account contracts that set it apart from its rival blockchains.

Things to consider before buying NEM (XEM)

  • Nem is a P2P cryptocurrency that rewards nodes that most utilize the platform.
  • It works on the Proof-of-Importance (POI) consensus algorithm.
  • Apart from the POI algorithm, It also uses delegated harvesting to facilitate smooth transactions.

FAQ's

Disclaimer : Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered as investment/financial advice from CoinSwitch. Any action taken upon the information shall be at user's own risk.