Network Token
NEM (XEM)
NEM is built from scratch as a powerful and streamlined platform for application developers of all kinds, not just as a digital currency. Using NEM in your application is as simple as making RESTful JSON API calls allowing you to configure your own “Smart Assets” and make use of NEM’s powerful blockchain platform as your fast, secure and scalable solution.
Configured for your use, NEM is suitable for an amazing variety of solution classes, such as direct public transactions via streamlined smartphone app, efficient cloud services that connect client or web applications, or a high-performance permissioned enterprise back-end for business-critical record keeping.
“NEM is built around a powerful system for customizing your use of the blockchain. We call it the “Smart Asset System”, and it gives you the power to use NEM as if it were a custom blockchain built for your application and your assets. Rather than force you to write your own “smart contract” code from scratch or use off-blockchain methods of defining custom assets for your business, NEM gives you direct API access to a specialized set of tested and secure on-blockchain features.”
Buy & SellConcerns
- NEM suffered a huge loss of tokens in January 2018 due to a third party exchange being hacked.
- Not well known. Very little marketing being done. No set in stone roadmap yet.
- With Ethereum moving to POS, NEM will need to present other points of difference to stay relevant.
Official Links
Token Details
Token Type
Network Token
Powered by the NEM Network. Can be stored on any XEM compatible wallet e.g NEM Nano Wallet
Token Statistics
Supply
• Ticker: XEM
• Total Supply: –
• Circulating Supply: 8,999,999,999
• Token Use: Transactions & Assets.