NEM (XEM) Achieves Market Cap of $4.88 Billion

NEM (CURRENCY:XEM) traded down 0.6% against the US dollar during the one day period ending at 9:00 AM E.T. on February 13th. Over the last week, NEM has traded up 15.4% against the US dollar. One NEM coin can currently be bought for $0.54 or 0.00006275 BTC on popular exchanges including Exrates, Poloniex, Cryptomate and COSS. NEM has a market capitalization of $4.88 billion and $30.64 million worth of NEM was traded on exchanges in the last day.

About NEM

XEM is a proof-of-importance (PoI) coin that uses the ProofofImportance hashing algorithm. Its genesis date was March 31st, 2015. NEM’s total supply is 8,999,999,999 coins. NEM’s official Twitter account is @NEMofficial and its Facebook page is accessible here. NEM’s official website is nem.io. The official message board for NEM is forum.nem.io. The Reddit community for NEM is /r/nem and the currency’s Github account can be viewed 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: OKEx, Livecoin, HitBTC, AEX, YoBit, Abucoins, Exrates, Cryptopia, Bittrex, COSS, Upbit, Poloniex, Zaif, Bitcoin Indonesia, Qryptos, LiteBit.eu and Cryptomate. It is not currently possible to purchase NEM directly using U.S. dollars. Investors seeking to acquire NEM must first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, Coinbase 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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