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What is NEM (XEM)
NEM, or the New Economic Movement, is a blockchain that seeks to make managing assets and data more efficient. It evolved in 2015 after a hard fork of the NXT blockchain.
NEM calls itself a “Smart Asset System”, a customizable blockchain solution that brings dozens of use cases with application programming interfaces (APIs). NEM simplifies the process of creating and managing assets on the blockchain.
XEM is the native cryptocurrency of NEM. It is harvested through a unique Proof of Importance (POI) consensus mechanism. By assigning an importance score to each node, POI incentivizes active participation in the NEM network. The more invested a user is, the more often their nodes can harvest XEM, promoting a decentralized network of nodes in its ecosystem.
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Cryptocurrency investment activities, including actions done to buy NEM online via , are subject to market risk. provides easy and convenient ways for you to buy NEM instantly, and we put our best efforts to fully inform our users about each and every cryptocurrency we offer on the exchange, but we are not responsible for the results that may arise from your NEM purchase. This page and any information in it not meant to be interpreted as an endorsement of any particular cryptocurrency or method of acquiring it.