NEM was a blockchain platform launched in March of 2015. At the time it was one of the pioneers of the industry and sought to improve on the imperfections found on other chains at the time. It was one of the first non-turing complete chains to feature user-defined tokens (called mosaics), namespaces, multisignature accounts, and a P2P reputation system based on EigenTrust++. Its most notable contribution, however, was the PoI consensus mechanism which sought to reward on-chain activity and deter the concentration of wealth commonly associated with proof-of-stake. Its client, NIS, is written in Java. Today, NEM remains a highly-traded cryptocurrency. Current development is centered around NEM's merge with another blockchain platform: Symbol.
Where is NEM available for purchase?
You can exchange XEM tokens on both decentralized and centralized crypto platforms. The favored choice for purchasing and trading NEM is Poloniex, notably the XEM/USDT pair, which saw a trading volume of $ 1,11 MLN. in the past day. Additionally, AscendEX (BitMax) and Gate are popular alternatives for trading tokens.
What is the highest value NEM (XEM) has ever reached?
NEM (XEM) reached its peak price at 1.87 $ on 07 January 2018, approximately 8 years ago ago. Presently, the current price is -99.87% lower than this all-time high.
What is the historical minimum price for NEM (XEM)?
The minimum price reached for NEM (XEM) was 0.00008482 $, documented on 05 September 2015, more than 10 years ago. In comparison, the current price is 2,763.14%, it above this historical low.
What is the fully diluted valuation of NEM (XEM)?
The fully diluted valuation (FDV) of NEM (XEM) stands at $ 23,85 MLN.. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of XEM tokens. The realization of this FDV might take several years depending on the emission schedule of XEM tokens.