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NEM Price in India (XEM)

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XEM to INR Converter

As per last price at 00:00:00, 01/01/70

INR

XEM

TRADE XEM NOW

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XEM Performance

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XEM Market Information

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XEM Price Today

The live price of NEM is ₹ 0 per (XEM / INR) with a current market cap of INR. 24-hour trading volume is ₹ INR. XEM to INR price is updated in real-time. NEM is +0% in the last 24 hours with a circulating supply of .

About NEM (XEM)

What is NEM ?

NEM is also known as the New Economy Movement. It is a blockchain technology initiative that aims to assist businesses in powering their critical private infrastructure. 
NEM was built from the ground up, with features like ‘harvesting’ and ‘proof of importance’ distinguishing it from other similar projects. 
NEM began as a fork of the NXT, another prominent blockchain-based virtual currency and payment network platform, in March 2015.
It is run by the NEM.io Foundation, a Singapore-based non-profit organisation. Following the split, NEM.io chose to create its own codebase to improve NEM’s scalability and performance. Thus, a new NEM cryptocurrency platform arose that was opposite to the original NXT.
NEM’s native token (XEM) serves as both a digital asset and a medium of exchange.

Primary features of NEM

  • NEM Smart Assets are referred to as ‘mosaics’ and are similar to digital assets such as bonds and securities, but they are issued as cryptocurrencies or crowdfunding tokens.
  • Delegated Harvesting is NEM’s alternative to mining. It allows account users with a minimum stake of 10,000 XEM to connect their account to a node and help produce blocks on the blockchain. Accounts communicate with one another to record and verify transactions and collect transaction fees in exchange.
  • The proof-of-importance (POI) algorithm is the delegation mechanism that employs network theory to assign a hierarchy to harvesting accounts based on the quantity of stacked tokens, the number of transactions to other NEM accounts, and the magnitude and frequency of those transactions.
  • Mijin is a platform that enables businesses to create and manage private blockchains on the NEM network that are unavailable to unauthorised users.
  • NEM’s blockchain architecture incorporates the Eigentrust++ algorithm to preserve the PoI reputational architecture.

Is NEM a promising cryptocurrency?

NEM created its own blockchain from the ground up, and it features novel utilities that are noteworthy and promising. However, because these distinctions are insignificant on their own, if NEM cannot grab a sizable portion of business enterprise as planned, it will have little to offer than its competitors.
The current NEM cryptocurrency price is $0.1979.

How to use NEM ?

Business: They got a blockchain-based solution developed exclusively for business as an onramp into the crypto sector. 
Mobile App: It is developed to be compatible between dApps and critical business infrastructure. 
Trade: Invest and trade in NEM coins and gain when the NEM coin price increases.

Pros & Cons of NEM

Pros

  • The platform enables widespread adoption of the world’s greatest blockchains
  • The firm’s significant concentration is on large corporations. It is making a higher volume of exchanges of coins. 
  • Developers acknowledged that their platform needed to remain nimble to maintain market share as it has a comprehensive API interface and is open for further developments.

Cons

  • Its team is highly secretive, and it lacks a strong marketing arm that communicates with its community. 
  • Despite its unique characteristics, it can be seen as just another smart contract platform with a different marketing strategy. So it’s very less likely to differentiate itself and surpass its competitors.

Trade NEM on CoinSwitch kuber

  • You can start investing and trading in NEM with just Rs.100.
  • You can instantly withdraw and deposit funds directly to bank accounts. 
  • Trade-in NEM coins at zero fees
  • Easy to use trading and investment platform
  • Track your cryptocurrency transactions and manage your portfolio within a few clicks

FAQs

1. How do I buy NEM?

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To buy NEM, do the following steps:

Step 1:

Sign in to your CoinSwitch app using your registered mobile number. Enter the OTP sent to your phone, then input your CoinSwitch PIN to access your account.

If you don't have an account, click here to register: new account.

Step 2:

After logging in, you'll find your CoinSwitch dashboard. Look at the top right corner for a search icon. Use it to find NEM.

Step 3:

Once you find NEM and are ready to buy, click on the Buy button at the bottom of the screen and follow the instructions to make your purchase.

2. What is the price of NEM?

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The price of 1 NEM is ₹0.

Note: NEM prices are subject to change in the future based on market trends.

3. What is the price of NEM today?

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The current price of 1 NEM is ₹0.

Note: NEM prices are subject to change in the future based on market trends.

4. Can I buy NEM for ₹100?

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Yes! You can buy NEM for as low as ₹100 on the CoinSwitch app.

5. How much is 1 NEM in rupees?

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The current value of 1 XEM is ₹0.

6. What is the current trend in NEM?

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XEM has been NaN% in the last 24 hours.

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XEM to INR Converter

As per last price at 00:00:00, 01/01/70

INR

XEM

TRADE XEM NOW

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