NEM(XEM)

Description of the project

NEM, in its most basic form, is a crypto currency that is built on block chain technology. The NEM block chain is an improvement on existing block chain technologies. It integrates concepts from other cryptocurrencies (e.g. Bitcoin) and academic research in network theory. NEM’s primary contribution to the crypto currency landscape is a new consensus mechanism called Proof of Importance (PoI). It incorporates other behaviors that are believed to be positive for the holistic economy. In this way, it attempts to reward active economy participants at the expense of inactive ones and dampens the rich getting richer effect that is inherent to PoS. NEM’s vision is to be the foundation of a vibrant crypto currency ecosystem that emphasizes security and trustless computing.

Basic Information

English name of Token: NEM
Ticker of Token: XEM
Chinese name of Token: 新经币
Country of Incorporation:N/A

Investors:Lon Wong
Currency unit：XEM

Core Algorithm:POI

Issue Date:2015-04-01

Total Supply:8,999,999,999

Circulating Supply:8,999,999,999

Other Information
Official site: https://nem.io/
Whitepaper: https://nem.io/wp-content/themes/nem/files/NEM_techRef.pdf
Blockchain explorer: http://chain.nem.ninja/

Disclaimer:
This document is compiled from the official whitepaper and relevant documents provided by the token team, to provide investors an overview of the token. The information in this document is collected through formal legal channels. We make every effort to provide complete and accurate information. However, we do not guarantee accuracy, completeness, timeliness or correct sequencing of the information. This information is not to be regarded as investment advice, or legal proof, or evidence.