NEM (XEM) Tops 24 Hour Volume of $70.53 Million

NEM (CURRENCY:XEM) traded up 1.4% against the US dollar during the 24 hour period ending at 10:00 AM ET on February 15th. One NEM coin can now be purchased for approximately $0.56 or 0.00005696 BTC on exchanges including Cryptomate, Upbit, HitBTC and AEX. Over the last seven days, NEM has traded 0.5% higher against the US dollar. NEM has a market cap of $5.06 billion and approximately $70.53 million worth of NEM was traded on exchanges in the last day.

NEM Profile

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. The Reddit community for NEM is /r/nem and the currency’s Github account can be viewed here. NEM’s official website is nem.io. NEM’s official message board is forum.nem.io.

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.”

NEM Coin Trading

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

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