Price change (24h):
44.81%
High (24h):
$0.00060689
Low (24h):
$0.00041087
Volume (24h):
$356.64K
Market Cap:
$5.40M
All Time High:
99.97% $1.87
Jan 7, 2018
All Time Low:
614% $0.00
Sep 5, 2015
70.28 %(1Y)
$0.00059655
Price change (24h):
44.81%
High (24h):
$0.00060689
Low (24h):
$0.00041087
Volume (24h):
$356.64K
Market Cap:
$5.40M
All Time High:
99.97% $1.87
Jan 7, 2018
All Time Low:
614% $0.00
Sep 5, 2015
NEM (XEM) is a cryptocurrency launched in 2015, powering a blockchain platform that specializes in custom token issuance, namespace registration, and peer-to-peer value settlement.
The protocol emerged to correct the incentive misalignments plaguing early proof-of-stake networks, where wealth concentration notoriously reinforced itself. By introducing mosaics—user-generated tokens natively supported without smart contracts—NEM simplified asset tokenization for businesses and individuals. Its embedded reputation layer, leveraging EigenTrust++, provided a decentralized feedback mechanism missing from most chains of its era.
NEM operates on its own blockchain using proof-of-importance. Unlike conventional consensus models, this mechanism scores accounts based on their vested balance and, critically, their transactional activity. A node that merely hoards coins receives a low importance rating—only consistent, meaningful engagement lifts a validator’s chance of producing the next block.
The reference client, NIS, is written entirely in Java and enforces a consistent one-minute block time. Account importance calculations run on-chain, factoring in net transfers to and from a user over a rolling window. While NEM eschews an EVM-compatible execution environment, its native multisignature contracts and atomic swap capabilities provide a flexible framework for complex transactions.
Launched in March 2015, NEM grew from a grassroots effort that emphasized a fair initial coin distribution. It was among the earliest non-Turing-complete ledgers to deploy on-chain namespaces and the EigenTrust++ trust protocol. Development focus has since shifted to a planned technological merger with Symbol, an enterprise-focused chain built from NEM’s codebase, signaling a transition toward specialized network interoperability.
The core design objective was to create a monetary ecosystem where economic participation, not passive wealth, determines influence. This philosophy manifests in a consensus that penalizes dormant holdings and rewards circulation, nudging the network toward a more liquid, utility-driven money. NEM’s architecture thus posits that a currency’s health correlates with how often it changes hands.
XEM serves as the fee unit for all core operations: registering a mosaic, leasing an account’s importance to a supernode, and executing ordinary transfers all require XEM. Harvesting—NEM’s term for block rewards—is reserved for accounts that maintain a sufficiently high importance score, creating a direct link between token usage and earning potential. No secondary governance token dilutes this utility; the coin itself is the singular economic instrument.
Nodes that hold XEM and actively transact increase their proof-of-importance score, thereby earning the right to validate blocks and harvest network fees. Merchants integrate XEM as a settlement rail, taking advantage of its one-minute finality and negligible energy footprint compared to proof-of-work alternatives. Anyone holding and actively using tokens naturally improves their reputation score, qualifying them for fee-sharing without dedicated staking infrastructure.
NEM has a maximum supply of 8,999,999,999 tokens. Currently, 8,999,999,999 are in circulation. With a market capitalization of $6,375,804, NEM ranks #1485 among all cryptocurrencies.
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| 08/07/2026 | $0.00 | $0.00 | $0.00 | $0.00 |
| 07/07/2026 | $0.00 | $0.00 | $0.00 | $0.00 |
| 06/07/2026 | $0.00 | $0.00 | $0.00 | $0.00 |
| 05/07/2026 | $0.00 | $0.00 | $0.00 | $0.00 |
| 04/07/2026 | $0.00 | $0.00 | $0.00 | $0.00 |
| 03/07/2026 | $0.00 | $0.00 | $0.00 | $0.00 |
| 02/07/2026 | $0.00 | $0.00 | $0.00 | $0.00 |
| 01/07/2026 | $0.00 | $0.00 | $0.00 | $0.00 |
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