How to buy NEM (XEM)
What is NEM (XEM)
NEM, or the New Economic Movement, is a blockchain that seeks to make managing assets and data more efficient. It evolved in 2015 after a hard fork of the NXT blockchain.
NEM calls itself a “Smart Asset System”, a customizable blockchain solution that brings dozens of use cases with application programming interfaces (APIs). NEM simplifies the process of creating DApps and managing assets on the blockchain.
XEM is the native cryptocurrency of NEM. It is harvested through a unique Proof of Importance (POI) consensus mechanism. By assigning an importance score to each node, POI incentivizes active participation in the NEM network. The more invested a user is, the more often their nodes can harvest XEM, promoting a decentralized network of nodes in its ecosystem.