What is NEM?

"NEM is the world's first Smart Asset blockchain. Built from the ground up for enterprise-grade performance, NEM's blockchain technology delivers a world class platform for management of almost any kind of asset: currencies, supply chains, notarizations, ownership records and more. NEM’S power is exposed through a straightforward and secure developer interface so that you can deploy your blockchain solution in record time. Whether you are building the next best mobile app or bringing blockchain into your existing business infrastructure, NEM makes blockchain work for you."

- NEM.io
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General

TICKER SYMBOLS
XEM, NEM
AGE
4 years old (March 31, 2015)
CURRENT PRICE
$0.100788
Updated 2 minutes ago via cryptocompare.com
CHEDDUR ALL TIME HIGH
$1.98
Last year
CIRCULATING SUPPLY
8,999,999,999 coins
Updated 14 seconds ago via coinmarketcap.com
MARKET CAP
$907,091,135
Updated 3 minutes ago

Technical

BLOCKCHAIN / LEDGER
Uses own
MONETARY POLICY
Maximum Supply (8,999,999,999 coins)
PRE-MINED / RESERVED
No
CONSENSUS MECHANISM
Proof of Importance (PoI)
MINEABLE / STAKEABLE
No
AVERAGE CONFIRMATION TIME
1m
1
nem (XEM)
0.001
milliXEM (mXEM)
0.000001
microXEM (µXEM)

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