- NEM (XEM)
- Live Price $0.4452
- Market Cap $3.73 B
- Volume $548.42 M
- Available Supply 9.00 B XEM
- Rank 39
Nem Price Converter – Nem To INR, USD, And Other Currencies
10 NEM (XEM)=4.452USD
Nem Price Chart Live
Nem Price, Nem Trading Volume, And Marketcap History
Nem Price Technical Analysis
[Cmc-Coin-Name Type=”Name”] Info
NEM is a blockchain project that is developed to help companies and industries to improve things like payments and logistics.
NEM was launched on March 31, 2015, symbol XEM.
It’s trying to differentiate itself from other cryptocurrencies by making its blockchain highly customizable.
NEM blockchain works as the company described the "smart asset system"
“Smart Assets systems” are the kind of tools that NEM uses to handles business data. "Smart asset systems" help to use NEM as if it were a custom blockchain built to handle your assets.
The “Smart Asset System” can be broken down into four attributes
Addresses are the containers that hold coins, contracts, or business records. These containers could be something like a user’s account which holds coins or something like a carton to be shipped, or the document to be authorized.
Namespaces let you create a dedicated place to keep your assets on the NEM blockchain, thus giving your assets identification and make the assets easy to use and credible.
Mosaics is something like a digital item or digital token. It may be something like a coin, stock shares, a signature, a status update or more.
Transactions let you transferring assets(Mosaics) between Addresses or transferring the ownership of Addresses
This is the list of NEM potential use cases as describes on its website.
- Financial services companies can use NEM blockchain for instant payments
- Creating your Own Cryptocurrency without the knowledge of a single piece of code. You can set your own coin transaction fee.
- XEM the native cryptocurrency of NEM blockchain can be used for the online payment. NEM blocks take 60 seconds to complete, making transactions confirm swiftly
- NEM can be used for mobile payments because of the fast transaction time and low fee.
- The network has launched a fixed amount of XEM, hence it will never cause inflation and will maintain asset liquidity. Every transaction on the public blockchain requires a small transaction fee, ensuring demand for XEM coins over time
- NEM can also be used for escrow services.
- According to the company, you can also create your own payment system like PayPal. One of the few examples of this is NEMPay app which is an open-source payment application that allows anyone to use the blockchain for peer to peer payments.
NEM seems to be a more stable cryptocurrency than its competitors especially Ethereum for building new applications with support for real business models.
But NEM still faces a lot of challenges as its main competitor Ethereum has a very strong grip on the altcoins market.
ALWAYS USE HARDWARE WALLET TO STORE YOUR Nem COINS
Frequently Asked Questions
1. How often the Nem price gets updated?
Above shown Nem price is the live price and gets updated every minute.
2. How and Where buy Nem in India with INR?
You can buy Nem in India with INR directly on WazirX Exchange, BitBns Exchange, or Binance exchange via UPI, PAYTM, Wallets or IMPS.
LocalBitcoins exchange can also be used to buy Nem with INR indirectly.
3. Best places to buy Nem with USD in USA
4. Best wallets to store Nem securely.
If you wanted to store Nem securely then always use a hardware wallet. Ledger wallet is the cheapest and safest hardware wallet available online.
5. How to buy Nem with Apple Pay and Gift cards
LocalBitcoins and Paxful Exchange are the two exchanges which allow buying Nem with Apple Pay or any Gift card indirectly
First, buy Bitcoin at Localbitcoins Exchange or Paxful Exchange with Gift card
Then transfer Bitcoins to Binance Exchange or Changelly Exchange.
Then exchange Nem with BitcoinAdd image
6. Where to buy Nem anonymously?
Changelly is the best exchange to buy Nem anonymously.
7. How and where to buy Nem with any other payment method not listed above?
Same as mentioned above LocalBitcoins exchange and Paxful Exchange are the exchanges. Where you can buy Nem with every possible payment method in any part of the world indirectly.