NEM Achieves Market Cap of $2.01 Billion (XEM)

NEM (CURRENCY:XEM) traded 3.8% higher against the U.S. dollar during the one day period ending at 7:00 AM E.T. on March 15th. One NEM coin can currently be purchased for about $0.22 or 0.00003252 BTC on major cryptocurrency exchanges including Cryptopia, Poloniex, Cryptomate and Bittrex. NEM has a market capitalization of $2.01 billion and $12.27 million worth of NEM was traded on exchanges in the last 24 hours. Over the last seven days, NEM has traded 0.3% higher against the U.S. dollar.

About NEM

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NEM is a proof-of-importance (PoI) coin that uses the ProofofImportance hashing algorithm. It launched on 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 official website for NEM is nem.io. The Reddit community for NEM is /r/nem and the currency’s Github account can be viewed here. 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.”

Buying and Selling NEM

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

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