NEM Price Tops $1.02 on Exchanges (XEM)

NEM (CURRENCY:XEM) traded 1.2% lower against the U.S. dollar during the one day period ending at 15:00 PM ET on January 28th. NEM has a market capitalization of $9.22 billion and approximately $99.89 million worth of NEM was traded on exchanges in the last day. One NEM coin can currently be purchased for $1.02 or 0.00008793 BTC on major exchanges including Cryptomate, HitBTC, Qryptos and Abucoins. Over the last week, NEM has traded down 3.6% against the U.S. dollar.

NEM Coin Profile

XEM is a proof-of-importance (PoI) coin that uses the ProofofImportance hashing algorithm. It launched on March 31st, 2015. NEM’s total supply is 8,999,999,999 coins. The official message board for NEM is The Reddit community for NEM is /r/nem and the currency’s Github account can be viewed here. NEM’s official website is NEM’s official Twitter account is @NEMofficial and its Facebook page is accessible here.

According to CryptoCompare, “NEM is a peer-to-peer crypto platform. It is written in Java and JavaScript with 100% original source code. NEM has a stated goal of a wide distribution model and has introduced new features in blockchain technology in its proof-of-importance (POI) algorithm. NEM also features an integrated P2P secure and encrypted messaging system, multisignature accounts and an Eigentrust++ reputation system.NEM has gone through extensive open alpha testing starting June 25, 2014, followed by lengthy and comprehensive beta testing starting on October 20, 2014. NEM finally launched on May 31, 2015.”

Buying and Selling NEM

NEM can be bought or sold on these cryptocurrency exchanges: Exrates, Upbit, Livecoin, Zaif, Bitcoin Indonesia, Poloniex, Cryptopia, COSS, Cryptomate, Qryptos, Abucoins, HitBTC, AEX, OKEx, Bittrex, and YoBit. It is not currently possible to purchase NEM directly using US dollars. Investors seeking to acquire NEM must first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Changelly or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase NEM using one of the aforementioned exchanges.

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