Nem XEM

NEM XEM

NEM is a blockchain platform that allows individual developers to develop custom blockchain services. It simultaneously provides public blockchains in the form of open source for individual developers and private blockchains for corporate developers. A Nem token (XEM) is a governance token of the Nem ecosystem.

First issue	2015.03.	Total issue limit (Courtesy of Coin Market Cap)	8,999,999,999
market capitalization		Current Distribution
As of June 12, 2024 (Courtesy of Coin Market Cap)	252.01 billion won	As of June 12, 2024 (Courtesy of Coin Market Cap)	8,999,999,999
As of June 12, 2024 (Courtesy of CoinGecko)	252.24 billion won	As of June 12, 2024 (Courtesy of CoinGecko)	8,999,999,999

NEM Features

NEM uses a Proof of Importance (PoI) consensus algorithm, under which the reward is determined by how much transaction is made, not by the amount of mining or holdings.

NEM provides its own API and Software Development Kit (SDK), so that anyone can easily develop blockchain services without having to learn a new programming language.

NEM Vision

Since NEM can provide both public and private blockchains at the same time, it is highly utilized by financial institutions in Japan, Tech Bureau, and Dragon Fly in Southeast Asia are currently promoting development using Nem. In addition, PUNDIX is developing and utilizing POS terminals operated by NEM blockchain. As such, NEM is expected to expand into a wider area as an easy and powerful blockchain service development platform.